Hardback
Policy Reform and Chinese Markets
Progress and Challenges
9781847203960 Edward Elgar Publishing
The evolution of China’s market economy is one of the most important developments in the world economy in the twenty-first century. The diverse contributors to this book provide a unique set of essays that evaluate legal, regulatory, and economic aspects of China’s transition from planned to market economy.
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Critical Acclaim
Contributors
Contents
More Information
The evolution of China’s market economy is one of the most important developments in the world economy in the twenty-first century. The diverse contributors to this book provide a unique set of essays that evaluate legal, regulatory, and economic aspects of China’s transition from planned to market economy.
While market-oriented policy reform in China has led to substantial growth and progress since the onset of the reform period in 1979, many challenges remain. This study begins with a general survey of China’s transition to a market economy and is followed by more elaborate analyses of specific sectors. The authors consider China’s changing regulatory structure and the relationships of this structure to Chinese markets, developments in markets for goods, services, and production factors, changing trade patterns, and the determinants of foreign direct investment and its role in overall capital formation. They provide a comprehensive assessment of market reforms in China.
In-depth yet accessible, the book will be of great value to policy makers, business planners, students and researchers concerned with China, as well as those interested in the world economy at large.
While market-oriented policy reform in China has led to substantial growth and progress since the onset of the reform period in 1979, many challenges remain. This study begins with a general survey of China’s transition to a market economy and is followed by more elaborate analyses of specific sectors. The authors consider China’s changing regulatory structure and the relationships of this structure to Chinese markets, developments in markets for goods, services, and production factors, changing trade patterns, and the determinants of foreign direct investment and its role in overall capital formation. They provide a comprehensive assessment of market reforms in China.
In-depth yet accessible, the book will be of great value to policy makers, business planners, students and researchers concerned with China, as well as those interested in the world economy at large.
Critical Acclaim
‘Belton Fleisher and his colleagues have edited a usefully wide-ranging book on economic policy reform in China before the global crisis. Many excellent chapters provide lucid insights into the practical complexities of China’s remarkable development path. . . this book has much to teach us. . .’
– Albert Keidel, The China Journal
‘The book is designed for use in a wide-range of studies on Chinese economic development, especially in market development, technology diffusion as well as education inequality. Each independent paper delivers a different research field, so it has a wide appeal. Students and scholars who are studying or conducting research on Chinese economic development will find this book of particular interest.’
– Jiandong Chen, Journal of the Asia Pacific Economy
– Albert Keidel, The China Journal
‘The book is designed for use in a wide-range of studies on Chinese economic development, especially in market development, technology diffusion as well as education inequality. Each independent paper delivers a different research field, so it has a wide appeal. Students and scholars who are studying or conducting research on Chinese economic development will find this book of particular interest.’
– Jiandong Chen, Journal of the Asia Pacific Economy
Contributors
Contributors: P. Bottelier, B. Chantasasawat, B.M. Fleisher, K.C. Fung, R. Garnaut, N.C. Hope, H. Iizaka, L.J. Lau, V. Manole, W. Martin, B.M. Owen, A.A. Pena, E.S. Prasad, D. Roland-Holst, A. Sheng, A. Siu, L. Song, S. Sun, K.-Y. Tan, Y. Wang, S.-J. Wei, G. Xiao, D.T. Yang, Y. Yang, X. Zhang, W. Zheng
Contents
Contents:
Introduction
1. China’s Transition to the Market: Progress and Challenges
Nicholas C. Hope and Lawrence J. Lau
2. Impact and Significance of State-Owned Enterprise Restructuring in China
Ross Garnaut, Ligang Song and Yang Yao
3. Antitrust in China 2006: The Problem of Incentive Compatibility
Bruce M. Owen, Su Sun and Wentong Zheng
4. Property Rights and ‘Original Sin’ in China: Transaction Costs, Wealth Creation and Property Rights Infrastructure
Andrew Sheng, Geng Xiao and Yuan Wang
5. Corporate Governance and Property Rights Infrastructure: The Experiences of Hong Kong and Lessons for China
Andrew Sheng, Geng Xiao and Yuan Wang
6. China’s Evolving Labor Market
Belton M. Fleisher and Dennis Tao Yang
7. China’s Emerging Domestic Debt Markets
Pieter Bottelier
8. Incremental Reform and Distortions in China’s Product and Factor Markets
Xiaobo Zhang and Kong-Yam Tan
9. China’s Emergence as the Workshop of the World
Will Martin and Vlad Manole
10. China’s Emergence, Real Exchange Rates and Implications for East Asian Regional Trade and Growth
David Roland-Holst
11. The Chinese Approach to Capital Inflows: Patterns and Possible Explanations
Eswar S. Prasad and Shang-Jin Wei
12. Foreign Direct Investment in China and East Asia
Busakorn Chantasasawat, K.C. Fung, Hitomi Iizaka and Alan Siu
Index
Introduction
1. China’s Transition to the Market: Progress and Challenges
Nicholas C. Hope and Lawrence J. Lau
2. Impact and Significance of State-Owned Enterprise Restructuring in China
Ross Garnaut, Ligang Song and Yang Yao
3. Antitrust in China 2006: The Problem of Incentive Compatibility
Bruce M. Owen, Su Sun and Wentong Zheng
4. Property Rights and ‘Original Sin’ in China: Transaction Costs, Wealth Creation and Property Rights Infrastructure
Andrew Sheng, Geng Xiao and Yuan Wang
5. Corporate Governance and Property Rights Infrastructure: The Experiences of Hong Kong and Lessons for China
Andrew Sheng, Geng Xiao and Yuan Wang
6. China’s Evolving Labor Market
Belton M. Fleisher and Dennis Tao Yang
7. China’s Emerging Domestic Debt Markets
Pieter Bottelier
8. Incremental Reform and Distortions in China’s Product and Factor Markets
Xiaobo Zhang and Kong-Yam Tan
9. China’s Emergence as the Workshop of the World
Will Martin and Vlad Manole
10. China’s Emergence, Real Exchange Rates and Implications for East Asian Regional Trade and Growth
David Roland-Holst
11. The Chinese Approach to Capital Inflows: Patterns and Possible Explanations
Eswar S. Prasad and Shang-Jin Wei
12. Foreign Direct Investment in China and East Asia
Busakorn Chantasasawat, K.C. Fung, Hitomi Iizaka and Alan Siu
Index
