Chinese Economy: Transitions and Growthby Barry Naughton The MIT Press
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- Pb+ 544 pages
- AU$73.00 NZ$73.91
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After presenting background material on the pre-1949 economy and the industrialization, reform, and market transition that have taken place since, the book examines different aspects of the modern Chinese economy. It analyzes patterns of growth and development, including population growth and the one-child family policy; the rural economy, including agriculture and rural industrialization; industrial and technological development in urban areas; international trade and foreign investment; macroeconomic trends and cycles and the financial system; and the largely unaddressed problems of environmental quality and the sustainability of growth.
The text is notable also for placing China's economy in interesting comparative contexts, discussing it in relation to other transitional or developing economies and to such advanced industrial countries as the United States and Japan. It provides both a broad historical and macro perspective as well as a focused examination of the actual workings of China's complex and dynamic economic development. Interest in the Chinese economy will only grow as China becomes an increasingly important player on the world's stage. This book will be the standard reference for understanding and teaching about the next economic superpower.
''In this masterful overview and analysis of the Chinese economy, Barry Naughton achieves such depth and breadth that it is impossible to identify only one major contribution. In effortless prose he describes the status of every major parameter of the sprawling economy and offers a treasure trove of empirical data drawn from the most current primary sources. In addition, Naughton systematically explores how the experiences of both the imperial and socialist pasts shape contemporary conditions and raises provocative questions about China's ability to sustain growth rates that already equal or surpass those of postwar Japan. Prepared as a textbook, The Chinese Economy has the intellectual weight and staying power of a major monograph.''
--Deborah Davis, Professor of Sociology, Yale University
''Barry Naughton is one of the top experts on China's economy, and there's no one who could have done a better job in writing a book like this. I have nothing but praise for the book, which fills a pressing need for a comprehensive textbook introducing students to the recent history, nature, and likely immediate prospects for China's economy.''
--Louis Putterman, Professor of Economics, Brown University
''Authored by a leading specialist on the Chinese economy, Barry Naughton's book provides a lucid, systematic, and insightful view of China's road to becoming a 'powerhouse of the global economy' as well as of the challenges ahead in sustaining past accomplishments. Designed primarily as a textbook, its comprehensive coverage and sophisticated analysis assure that it will become a valuable and much-used resource for anyone seeking an understanding of China's economy.''
--Steven M. Goldstein, Sophia Smith Professor of Government, Smith College
I. Legacies And Setting 15 / 1. The Geographical Setting 17
2. The Chinese Economy Before 1949 33
3. The Socialist Era, 1949-1978: Big Push Industrialization And Policy Instability 55
4. Market Transition: Strategy And Process 85
5. The Urban-Rural Divide 113
II. Patterns Of Growth And Development 137
6. Growth And Structural Change 139
7. Population Growth And The One-Child Family 161
8. Labor And Human Capital 179
9. Living Standards: Incomes, Inequality, And Poverty 209
III. The Rural Economy 229
10. Rural Organization 231
11. Agriculture: Output, Inputs, And Technology 251
12. Rural Industrialization: Township And Village Enterprises 271
IV. The Urban Economy 295
13. Industry: Ownership And Governance 297
14. Structural Change: Industry, Energy, And Infrastructure 329
15. Technology Policy And The Knowledge-Based Economy 349
V. China And The World Economy 375
16. International Trade 377
17. Foreign Investment 401
VI. Macroeconomics Andfinance 425
18. Macroeconomic Trends And Cycles 427
19. Financial System 449
VII. Conclusion: China's Future 485
20. Environmental Quality And The Sustainability Of Growth 487