Sources of Chinese Economic Growth, 1978-1996: Sources Of Chinese Economic Gr

Hardcover | September 14, 2000

byChris Bramall

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This analysis of the political economy of growth in the era of Deng Xiaoping takes issue with the growth-accounting methodologies and market-centred explanations which characterize so much of the literature on transition-era China. By adopting an approach which echoes the pioneering work ofChalmers Johnson, Alice Amsden, and Robert Wade on other East Asian Economies, and which makes full use of the rich statistical materials that have become available since 1978, this book shows that Chinese growth was driven by a combination of state-led industrial policy and the favourableinfrastructural legacies of the Maoist era. And in giving due weight to the sheer complexity of the growth process by looking in detail at the experience of four very different Chinese regions, it avoids over-simplistic macroeconomic generalization. Nevertheless, even this type of approach is inadequate, because it fails to explain why industrial policy has been so much more successful in China than in other countries. This book therefore goes beyond the 'development state' approach to argue that state autonomy in China reflected the remarkablyequal distribution of income and wealth at the end of the 1970s and, paradoxically, the destruction of party structures and institutions during the Cultural Revolution. The policy implications are stark. The Chinese experience demonstrates that industrial policy and state spending on physical and social infrastructure can produce rich rewards; conversely, slavish reliance on foreign direct investment and trade are likely to limit the pace of growth. But attempts toreplicate China's success in Latin America, sub-Saharan Africa, and South Asia will fail because their governments will not resist rent-seeking by classes and interest groups. Moreover, as the state becomes weaker in the wake of the re-emergence of a powerful capitalist class, even Chinese growthmay prove unsustainable.

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This analysis of the political economy of growth in the era of Deng Xiaoping takes issue with the growth-accounting methodologies and market-centred explanations which characterize so much of the literature on transition-era China. By adopting an approach which echoes the pioneering work ofChalmers Johnson, Alice Amsden, and Robert Wad...

1988-90, Research Fellow, Sidney Sussex College, Cambridge University, since 1990 Fellow and Director of Studies in Economics, Sidney Sussex College, Cambridge University
Format:HardcoverDimensions:568 pages, 9.21 × 6.14 × 1.34 inPublished:September 14, 2000Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198296975

ISBN - 13:9780198296973

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Table of Contents

Part I - Chinese Economic Growth in Outline1. Introduction: The Dengist Restoration2. The Process of Economic Growth3. The Contributions of Industry and Agriculture4. Theories of Economic GrowthPart II - The Role of Initial Conditions5. The Maoist Legacy and the Literature6. Social Capability and Physical Capital at the End of the Maoist Era7. The Role of Surplus Labour8. The Rates of Saving and InvestmentPart III - Other Proximate Sources of Growth9. Capital Accumulation after 197810. The Growth of Productivity11. Differences in Prefectural Growth RatesPart IV - The Growth-Promoting State and its Origins12. The Master Discourse and the State13. Aggregate Demand and the Internal Terms of Trade14. The Chinese State and Agriculture15. The Open Door16. The State, Industry, and Infrastructure17. Origins of the Growth-Promoting State18. Conclusion