Book
London :Royal Inst. of Internat. Affairs,
Format:
IX, 150 S.
ISBN:
1-899658-14-9
Content:
This study, by authors from the UK and China, examines the three key elements that led to the opening up of the Chinese economy to world markets. It reveals how the country's external economic policies have contributed to its growth and assesses the effects of Western market theory on the development of Chinese 'open door' policies. David Wall looks at the successes of the gradualist Chinese experimentation with reform in limited geographic areas, which shows a revealing contrast with the Big Bang failures of the Russian economy. Jiang Boke traces the evolution and liberalization of foreign exchange policy and the Chinese use of devaluation. Yin Xiangshuo evaluates the crucial trade policy reforms and their varying impact on Chinese industrial competitiveness, particularly with regard to the vested interests of state-owned enterprises that are resisting international competition
Content:
As this transforming socialist economy enters another period of political turbulence, the volume provides valuable insights into the way policy will develop if economic reform proceeds
Language:
English
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