The Market Mechanism and Economic Reforms in China

1. Auflage 1991
ISBN: 978-0-87332-719-0
Verlag: Taylor & Francis Inc

Buch, Englisch, 264 Seiten, Format (B × H): 152 mm x 229 mm, Gewicht: 453 g

Reihe: Studies on Contemporary China

This theoretical and empirical study of market-oriented reforms in Chinese industry since the late 1970s focuses on the expansion of the market mechanism in the allocation of industrial products and the concurrent decline of directive planning - a strategy that is a crucial component of the ambitious overall reform "package" that Chinese reformers are trying to implement. The expanding role of Chinese industrial goods has had major implications for the functioning and importance of planning which, the author argues, has become largely irrelevant in terms of direct control over short-term allocation.

Autoren/Hrsg.

Byrd, William

Fachgebiete

• Geisteswissenschaften Literaturwissenschaft Literaturwissenschaft: Lyrik und Dichter
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein

Inhaltsverzeichnis

Tables, Preface, 1. Introduction, 2. Prerequisites for Effectively Functioning Markets, 3. Markets in Chinese Industry, 4. The Impact of Markets on Chinese Industrial Enterprises, 5. The Redistributional Role of Chinese Economic Planning, 6. Plan and Market in the Chinese Economy: A Simple General Equilibrium Model, 7. Assumptions, Limitations, and Extensions of the Model, 8. Market Price Trends and Market Integration, 9. The Atrophy of Central Planning in Chinese Industry, 10. Conclusions, Notes, References, Index

Über Autor(innen)

William A. Byrd is an economist for the World Bank in New Delhi. In 1987, he received his Ph.D. in Economics from Harvard University. Dr. Byrd’s many publications on the Chinese economy include China’s Financial System: The Changing Role of Banks, and, as editor, Chinese Firms in the New Environment (forthcoming).