Markets over Mao : the rise of private business in China / Nicholas R. Lardy.
2014
HD4319 .L37 2014 (Map It)
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Details
Author
Title
Markets over Mao : the rise of private business in China / Nicholas R. Lardy.
Published
Washington, DC : Peterson Institute for International Economics, 2014.
Call Number
HD4319 .L37 2014
ISBN
9780881326932
0881326933
0881326933
Description
xiv, 185 pages : illustrations ; 23 cm
System Control No.
(OCoLC)880808924
Note
An erratum slip inserted.
Bibliography, etc. Note
Includes bibliographical references.
Record Appears in
Table of Contents
Preface
ix
Acknowledgments
xiii
Introduction
1
1.
State versus Market Capitalism
11
Product Markets
12
Labor and Capital Markets
16
Competition
23
Evolving Role of Economic Planning
38
2.
Reform of State-Owned Enterprises
43
Grasping the Large, Releasing the Small
45
Emergence of SASAC
48
Did the Hu-Wen Reforms Succeed?
55
3.
Rise of the Private Sector
59
Changing Structure of Ownership
60
Role of Private Firms in Generating Employment and Exports
82
Explaining the Growth of the Private Sector
89
4.
Implementing the Reform Agenda
123
State Firms Drag Down Growth
124
The Opportunity in Services
128
Financial Sector Reform
135
Power of the Chinese State in Perspective
138
Debating the Role of the Market
146
Appendix A
Alternative Measures of Private Sector Credit
157
Appendix B
State versus Private Borrowing Costs
163
References
167
Index
177