Forging Reform in China by Edward S. Steinfeld
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Forging Reform in China
By Edward S. Steinfeld

Forging Reform in China

The Fate of State-Owned Industry

By (author) See other recent books by Edward S. Steinfeld
Series edited by William Kirby See other recent books by William Kirby
Format: Hardback

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Forging Reform in China by Edward S. Steinfeld

Book Description

The greatest economic challenge facing China in the post-Deng era is the reform of unprofitable, state-owned enterprises (SOEs) which threaten to drag down the rest of the economy. Despite an array of well-intentioned, market-oriented reform measures, these firms have never truly been forced to face the pressure of a bottom line, or the threat of bankruptcy. Forging Reform in China explains how and why these measures have not been sweepingly successful to date, and what it would take to achieve meaningful reform. The author investigates firm-level processes, including case studies of China's steel industry giants, revealing institutional and systemic barriers to market-oriented performance. This book makes a compelling argument that private ownership cannot work in China's current system until governance over complex economic factors has been established, that is, until credit is tightened and market selection processes made to work.

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Book Details

ISBN: 9780521633352
ISBN-10: 0521633354
Format: Hardback
(228mm x 152mm x 22mm)
Pages: 320
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 28-Jul-1998
Country of Publication: United Kingdom

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Books By Author Edward S. Steinfeld

Forging Reform in China by Edward S. Steinfeld Forging Reform in China, Paperback (January 2000)

Forging Reform in China explains how and why measures to reform unprofitable state-owned enterprises have not succeeded and how meaningful reform could be achieved.

» View all books by Edward S. Steinfeld

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