The Political Economy of China's Systemic Transformation: 1979 to the Present

Hardcover | May 15, 2011

byRaphael Shen, Victoria Mantzopoulos

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After three decades of reign, Mao left China a structurally rigid and functionally inefficient economy. The imperative for systemic transformation was self-evident. By 2009, China’s nominal GDP reached $4.9 trillion. Its 2010 foreign reserve is in excess of $2.4 trillion. China has surpassed Japan as the second largest economy in the world. A statistical analysis of four countries indicates political stability and social calm helped gain the confidence of needed foreign investments. For China, it is foreign investment that has been fueling its export growth which in turn is most instrumental in its development path.

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After three decades of reign, Mao left China a structurally rigid and functionally inefficient economy. The imperative for systemic transformation was self-evident. By 2009, China’s nominal GDP reached $4.9 trillion. Its 2010 foreign reserve is in excess of $2.4 trillion. China has surpassed Japan as the second largest economy in the w...

Victoria Mantzopoulos is Chairperson of the Department of Political Science and the Department of Economics at the University of Detroit Mercy. She received her B.A. in political science from Ball State University and her PhD in political science from Wayne State University. Mantzopoulos has published several books, including Probabil...

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Format:HardcoverDimensions:250 pages, 8.64 × 5.76 × 0.8 inPublished:May 15, 2011Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230103030

ISBN - 13:9780230103030

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Table of Contents

Legacies from Mao * The Political Economy of Reform After Mao * Reform Approach and Framework * Foreign Investment * Foreign Trade Reform * A Comparative Performance * Successes * Anomalies, Challenges * Concluding Observations