Growth without Miracles
Readings on the Chinese Economy in the Era of Reform
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Growth without Miracles by Ross Garnaut
Book DescriptionChina's economic reform constitutes one of the most remarkable events of the second half of the twentieth century. It not only significantly improved the living conditions of the Chinese population but also provides a useful model of economic transition from central planning to a market economy. The gradual approach to reform adopted by the Chinese was widely regarded as suboptimal and likely to fail when compared to the shock therapy method applied in the former Soviet Union and the Eastern European economies. But China has out-performed other transitional economies. To many observers the Chinese experience is either a myth or a miracle. This volume addresses key questions about the initial economic foundations, the reform of macroeconomic policies and macroeconomic stability, the achievements of agricultural reform and the agricultural policy choices facing the Chinese government, the unique characteristics of the township and village enterprises, the successful reform of the state-owned enterprises, the development of factor markets, the contributions of the external sectors to economic growth, the lessons of the Chinese experience for transitional economies, and the challenges for economic threory. Growth without Miracles brings together thirty widely cited articles by prominent economists in the field of China studies to offer authoritative and through assessment and analyses of Chinas experience during the reform period. It provides a complete story for teachers and students of courses on the Chinese economy and will be of considerable interest to researchers, officials, and business people who want to understand past experiences, current problems, and the future direction of the Chinese economy.
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Book DetailsISBN: 9780199240593
(248mm x 171mm x 27mm)
Imprint: Oxford University Press
Publisher: Oxford University Press
Publish Date: 15-Mar-2001
Country of Publication: United Kingdom
Books By Author Ross Garnaut
China's New Sources of Economic Growth: Reform, Resources and Climate Change - Volume 1, Paperback (July 2016)
Dog Days, Paperback (October 2013)
After the resources boom, where is Australia heading? Australians have just lived through a period of exceptional prosperity, but we can no longer assume that living standards will inevitably keep rising. Commodity prices are dropping and the boom is set to end. Are we ready for the challenges ahead?
Garnaut Review 2011, Paperback (June 2011)» View all books by Ross Garnaut
Professor Ross Garnaut explains why Australia's contribution is vital to the national interest and matters to the global effort.
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