Economic Growth and Distribution in China
By (author) Nicholas R. Lardy
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Economic Growth and Distribution in China by Nicholas R. Lardy
Book DescriptionThis study maintains that China's system of economic planning tends to mitigate the trade-off between economic growth and equity that has been found to prevail in the early stages of development in most less developed countries. The analysis focuses on the Chinese leadership's attempt to improve economic efficiency by decentralizing economic management without encouraging, as a consequence, increased economic inequality among different regions. By examining the budgetary and planning process, focusing in particular on the fiscal relations between the centre and the far-reaching degree of resource redistribution undertaken by the central government through its control of interprovincial and intersectoral resource transfers. Professor Lardy's analysis highlights the essential features of Chinese economic growth and relates these to the experience of both developing and Soviet-type economies.
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Book DetailsISBN: 9780521034630
(228mm x 152mm x 15mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 14-Dec-2006
Country of Publication: United Kingdom
Books By Author Nicholas R. Lardy
Agriculture in China's Modern Economic Development, Paperback (August 2008)
Explores the relationship between the Chinese peasantry and the state-led economic system established by the Party after 1949.
China, Paperback (May 2007)
China's growth has the potential to expand the size of the global economy, more than any other nation in history. On the other hand this growth has the potential to create competitive problems for the UK and other advanced countries. This work gives an analysis of China, and examines the challenges presented by the world's most important power.
Integrating China into the Global Economy, Paperback (December 2001)
China's accession to the World Trade Organization (WTO) has been hailed as the biggest coming-out party in the history of capitalism. Its membership eventually will contribute to higher standards of living for its citizens and increased growth for its economy.
China's Unfinished Economic Revolution, Paperback (July 1998)» View all books by Nicholas R. Lardy
This work argues that the common view that China's gradualistic approach has served it well overlooks the fact that state-owned banks for the last two decades have channeled household savings into money-losing companies. It suggests China should recapitalize and restructure its banking system.
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