Name: From mao to Market: Rent Seeking, Local Protectionism, and Marketization in China (Cambridge Modern China Series) (en Inglés)
Price: 132726.00 COP
Availability: InStock
Author: Andrew H. Wedeman
ISBN: 9780521100151

portada From mao to Market: Rent Seeking, Local Protectionism, and Marketization in China (Cambridge Modern China Series) (en Inglés)

Formato

Libro Físico

Editorial

Cambridge University Press

Autor

Andrew H. Wedeman

Año

2009

Idioma

Inglés

N° páginas

300

Encuadernación

Tapa Blanda

ISBN

0521100151

ISBN13

9780521100151

Categorías

Sectores económicos
Geografía económica

From mao to Market: Rent Seeking, Local Protectionism, and Marketization in China (Cambridge Modern China Series) (en Inglés)

Andrew H. Wedeman (Autor) · Cambridge University Press · Tapa Blanda

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Reseña del libro "From mao to Market: Rent Seeking, Local Protectionism, and Marketization in China (Cambridge Modern China Series) (en Inglés)"

Andrew Wedemen argues that China succeeded in moving from a Maoist command economy to a market economy because the central government failed to prevent local governments from forcing prices to market levels. Having partially decontrolled the economy in the early 1980s, economic reformers baulked at price reform, opting instead for a hybrid system wherein commodities had two prices, one fixed and one floating. Depressed fixed prices led to 'resource wars', as localities battled each other for control over undervalued commodities while inflated consumer goods prices fuelled a headlong investment boom that saturated markets and led to the erection of import barriers. Although local rent seeking and protectionism appeared to carve up the economy, in reality they had not only pushed prices to market levels and cleared the way for sweeping reforms in the 1980s, they had also pushed China past the 'pitfalls' of reform that entrapped other socialist economies.