China's Transitional Economy by Andrew G. WalderChina's Transitional Economy by Andrew G. Walder

China's Transitional Economy

EditorAndrew G. Walder

Paperback | April 30, 1999

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China's post-Mao economic reforms have generated and sustained economic growth, unprecedented rises in real income and living standards, and have transformed a long-time insular economy into a major trading nation. China now figures prominently in international policy debates about what is tobe done to transform the stagnating economies of Eastern Europe. As a gradual rather than an abrupt transition to the market, with public industry protected rather than subject to privatization, China's reform path has confounded the widespread and deeply held belief that gradual reform and publicownership simply cannot work.The contributions to this volume draw out the policy and theoretical implications of China's transitional economy. They lay out the notable features of China's reform path, analyse the successes and failures of the reform, and discuss whether they can be sustained, or whether the uncertainleadership transition, growing potential for social instability, and continuing problems of unemployment, uprooted rural populations, deepening political corruption, and declining central power point to a future fraught with risk and instability.After an introduction and overview by the editor, the first two chapters ask whether China enjoyed advantages that may have made its reform path easier than those of Eastern European countries. The next four chapters examine various dimensions of China's economy: agricultural commerce, propertyrights, foreign trade, and macroeconomic stability. Two subsequent chapters examine the role of political institutions, and the final chapter, synthesising the lessons of China's reforms, critiques the dogmatism of some economic analysis and calls for greater institutional and historicalrealism.
Andrew G. Walder is at Institute of International Studies, Stanford University.
Title:China's Transitional EconomyFormat:PaperbackDimensions:234 pages, 9.21 × 6.14 × 0.55 inPublished:April 30, 1999Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:0198290977

ISBN - 13:9780198290971

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Editorial Reviews

`The book is essentially a discussion of China by China specialists ... it will be an exceptionally useful work for readers wanting a detailed overview of the most recent events in China, and who are willing to make their own comparisons. A particular strength of the contributions is theirdrawing together of the extensive literature on the Chinese economy.'Journal of Development Studies