Industrial Reforms And Macroeconomic Instabilty In China
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Industrial Reform And Macroeconomic Instability In China
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Author : Y. Y. Kueh
language : en
Publisher: Oxford University Press
Release Date : 1999
Industrial Reform And Macroeconomic Instability In China written by Y. Y. Kueh and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
This text addresses the core but to date least reformed sector of the Chinese economy: the giant state-owned enterprises (SOEs). It explores the dynamics between industrial deregulation and inflation in China's search for stable economic growth.
Industrial Reforms And Macroeconomic Instabilty In China
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Author : Yak-yeow Kueh
language : en
Publisher: Clarendon Press
Release Date : 1999-02-11
Industrial Reforms And Macroeconomic Instabilty In China written by Yak-yeow Kueh and has been published by Clarendon Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-02-11 with Business & Economics categories.
Is the battle against inflation in China now over? Can Zhu Rongji, the economic guru turned Chinese premier who has successfully reduced the skyrocketing inflation of the mid-1990s to a near zero level, while yet maintaining high economic growth through the new millennium, relax? These are the key questions raised by China's current economic transition towards a market-based system, and they both revolve around the institutional economics that is the focus of this volume. Dealing specifically with the giant state-owned enterprises (SOEs), Industrial Reform and Macroeconomic Instability in China unravels the intriguing dynamics between industrial deregulation and inflation, in the context of China's continuous search for sustained, stable economic growth without runaway inflation. This book is unique among western studies: it addresses the very core, but to date least reformed sector of the Chinese economy. SOEs have monopolized key industrial supplies, commanded the bulk of national investment, disctated much of the nation's credit and finance, and have been the single most important source of state budget revenue. Continually faced with enormous internal wage pressures, all attempts at marketization and price liberalization are inherently inflationary. Based upon an independently, specifically designed set of questionnaires administered to 300 large and medium-scale state industrial enterprises in six major industrial cities, this book provides an in-depth analysis of the first decade of the reforms of the 1980s. The findings are formulated as pointers for understanding the macroeconomic vicissitudes that occurred after the launching of the campaign to create a 'socialist market economy' in the early 1990s. This book will be of use to China analysts, students, and businessmen who are interested in learning about the progress made, the remaining obstacles that the state-owned enterprises face, and their inevitable impact on China's economic growth and stability.
Industrial Reform And Macroeconomic Instability In China
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Author : Y. Y. Kueh
language : en
Publisher:
Release Date : 2023
Industrial Reform And Macroeconomic Instability In China written by Y. Y. Kueh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with China categories.
Industrial Reform and Macroeconomic Instability in China focuses on the state-owned enterprises and tries to unravel the intriguing dynamics between industrial deregulation and inflation.
Macroeconomic Reform In China
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Author : Jiwei Lou
language : en
Publisher: World Bank Publications
Release Date : 1997-01-01
Macroeconomic Reform In China written by Jiwei Lou and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-01-01 with Business & Economics categories.
China is in the throes of two transitions: from a command economy to a market-based one and from a rural, agricultural society to an urban, industrial one. So far, both transitions have been spectacularly successful. China is the fastest-growing economy in the world, with per capita incomes more than quadrupling since 1978, achieving in two generations what took other countries centuries. Although swift growth and structural change have resolved many problems, they also have created new challenges: employment insecurity, growing inequality, stubborn poverty, mounting environmental pressures, rising costs of food self-sufficiency, and periods of macroeconomic instability stemming from incomplete reforms. Unmet, these challenges could undermine the sustainability of growth, and Chinas promise could fade. China 2020, a seven-volume set, examines China's recent history, where it is today, and the path it should follow during the first two decades of the 21st century. The volume in the set entitled, Clear Water, Blue Skies: Chinas Environment in the New Century explores the relationship between economic growth and the environment. Chapters review the harmful effects of all forms of pollution and discuss ways of securing higher environmental living standards. Particular attention is given to urban areas and the impact of pollution on health conditions.
China S New Sources Of Economic Growth Vol 1
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Author : Ligang Song
language : en
Publisher: ANU Press
Release Date : 2016-07-21
China S New Sources Of Economic Growth Vol 1 written by Ligang Song and has been published by ANU Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-07-21 with Business & Economics categories.
China’s change to a new model of growth, now called the ‘new normal’, was always going to be hard. Events over the past year show how hard it is. The attempts to moderate the extremes of high investment and low consumption, the correction of overcapacity in the heavy industries that were the mainstays of the old model of growth, the hauling in of the immense debt hangover from the fiscal and monetary expansion that pulled China out of the Great Crash of 2008 would all have been hard at any time. They are harder when changes in economic policy and structure coincide with stagnation in global trade and rising protectionist sentiment in developed countries, extraordinarily rapid demographic change and recognition of the urgency of easing the environmental damage from the old model. China’s economy has slowed and there are worries that the authorities will not be able to contain the slowdown within preferred limits. This year’s Update explores the challenge of the slowdown in growth and the change in economic structure. Leading experts on China’s economy and environment review change within China’s new model of growth, and its interaction with ageing, environmental pressure, new patterns of urbanisation, and debt problems at different levels of government. It illuminates some new developments in China’s economy, including the transformational potential of internet banking, and the dynamics of financial market instability. China’s economic development since 1978 is full of exciting change, and this year’s China Update is again the way to know it as it is happening.
Can Communist Economies Transform Incrementally
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Author : Alan H. Gelb
language : en
Publisher: World Bank Publications
Release Date : 1993
Can Communist Economies Transform Incrementally written by Alan H. Gelb and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with China categories.
How does China's approach to reform -- incrementally removing constraints on market behavior -- square with the opposing "big bang" thesis that partial reform is probably worse than no reform because it leaves economic agents constrained neither by plan nor by markets? Are there rational bases for these widely different approaches to fundamental economic change? If so, what is transferable from China?
China S Industrial Policy Transformation
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Author : Hanquan Huang
language : en
Publisher:
Release Date : 2020
China S Industrial Policy Transformation written by Hanquan Huang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Electronic books categories.
"The debate on industrial policy has been in full swing among the academic circles in recent years. The crux of this debate is not whether China needs industrial policies, but rather, the kind of industrial policies it wants. Given the profound changes to the domestic and international environments, and institutional background during China's industrial development, industrial policies must be able to make up for "market failures," while avoiding "government failures". To this end, it is suggested to establish a "market-friendly" industrial policy system dominated by functional industrial policies, in accordance with the requirements of building an "interactive and cooperative" government-market relationship to help transform and upgrade China's industries"--Provided by publisher.
The Reformability Of China S State Sector
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Author : Guanzhong James Wen
language : en
Publisher: World Scientific
Release Date : 1997
The Reformability Of China S State Sector written by Guanzhong James Wen and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
China has achieved alarming success in accelerating the economic growth rate since it started economic reform about 16 years ago.However, its state sector is still running severe deficits. Even though its productivity might be improved since the reform started, its financial situation, nevertheless, has been worsening mainly as a result of increased competition from the rapidly expanding non-state sector. Therefore, the reform of this sector has become an urgent problem.All the papers collected in this book are closely related to the various issues that the reform of the state sector has to solve.Among the contributors are Professor Merton H Miller, a Nobel laureate and expert on firm finance and governauce, Mr Ji Lin, the vice president of the Chinese Academy of Social Sciences, Dr Justin Y Lin, the director of Center of China's Economic Research at Beijing University, Professor Gang Fan, the well-known Chinese Economist and vice director of the Institute of Economic Research at the Chinese Academy of Social Sciences, Professor Guoqiang Tian, an expert on mechanism design at Texas A & M University, and many other researchers and professors from China and the North America's research institutes and universities. Therefore, this book will be extremely useful and relevant to those economists as well as government decision-makers working in the field of the transitional economy.
State Enterprise Reform And Macroeconomic Stability In Transition Economies
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Author : Frances Perkins
language : en
Publisher: Research School of Pacific Studies Australian National Univ
Release Date : 1994
State Enterprise Reform And Macroeconomic Stability In Transition Economies written by Frances Perkins and has been published by Research School of Pacific Studies Australian National Univ this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Budget categories.
Number 95/1 in the Economics Division Working Papers Development Issues. This paper establishes a link between macroeconomic performance indicators and the reform of state-owned enterprises in formerly centrally planned economies. Consideration is given to the formerly centrally planned economies in Europe and China. Includes a glossary, bibliography and a list of recent publications by the Economics Division, Research School of Pacific and Asian Studies, the Australian National University. Frances Perkins is director of the East Asia Analytical Unit, Department of Foreign Affairs and Trade. Martin Raiser is with the Kiel Institute of World Economics at Kiel University.
China S Industrial Reform
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Author : Gene Tidrick
language : en
Publisher: World Bank
Release Date : 1987
China S Industrial Reform written by Gene Tidrick and has been published by World Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with Business & Economics categories.
Containing important implications for socialist and other developing countries, this book uses newly-acquired data to analyze China's far-reaching industrial reforms, looks at Hungary's reforms, and compares Chinese and Soviet systems.