Capitalism with Chinese Characteristics: Entrepreneurship and the State
by Yasheng Huang
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Presents a story of two Chinas - an entrepreneurial rural China and a state-controlled urban China. In the 1980s, rural China gained the upper hand. In the 1990s, urban China triumphed. In the 1990s, the Chinese state reversed many of its rural experiments, with long-lasting damage to the economy and society. A weak financial sector, income disparity, rising illiteracy, productivity slowdowns, and reduced personal income growth are the product of the capitalism with Chinese characteristics show more of the 1990s and beyond. While GDP grew quickly in both decades, the welfare implications of growth differed substantially. The book uses the emerging Indian miracle to debunk the widespread notion that democracy is automatically anti-growth. As the country marked its 30th anniversary of reforms in 2008, China faces some of its toughest economic challenges and substantial vulnerabilities that require fundamental institutional reforms. show lessTags
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Well-researched story of the real, market-oriented reasons China succeed in its reform era. Says the government's main role was to get out of the way, and growth was better before the post-Tiananmen state changes.
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Author Information
7 Works 157 Members
Yasheng Huang is Associate Professor in Business, Government and International Economy at Harvard Business School and a fellow at the National Center for Economic Research, Tsinghua University, Beijing, China.
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Awards
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Common Knowledge
- Important places
- China
Classifications
- Genres
- Economics, Nonfiction, Business, General Nonfiction, Politics and Government, History
- DDC/MDS
- 330.12 — Society, government, & culture Economics Jobs & Careers Theory Systems
- LCC
- HC427.92 .H8429 — Social sciences Economic history and conditions Economic history and conditions By region or country
- BISAC
Statistics
- Members
- 106
- Popularity
- 306,425
- Reviews
- 1
- Rating
- (4.14)
- Languages
- English
- Media
- Paper, Ebook
- ISBNs
- 8
