Foreign Direct Investment During the Reform Era
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Selling China by Yasheng Huang
Book DescriptionIn this book, Yasheng Huang makes a provocative claim: the large absorption of foreign direct investment (FDI) by China is a sign of some substantial weaknesses in the Chinese economy. The primary benefits associated with China's FDI inflows are concerned with the privatization functions supplied by foreign firms, venture capital provisions to credit-constrained private entrepreneurs, and promotion of interregional capital mobility. Huang argues that one should ask why domestic firms cannot supply the same functions. China's partial reforms, while successful in increasing the scope of the market, have so far failed to address many allocative inefficiencies in the Chinese economy.
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Book DetailsISBN: 9780521608862
(228mm x 152mm x 23mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 10-Jan-2005
Country of Publication: United Kingdom
Books By Author Yasheng Huang
Capitalism with Chinese Characteristics, Hardback (September 2008)
Explains why China grew differently in the 1980s than in the 1990s and beyond, and what consequences this has today.
Selling China, Hardback (December 2002)
This book examines China's foreign direct investment inflows as a function of the imperfections in their economy.
Inflation and Investment Controls in China, Hardback (June 1996)» View all books by Yasheng Huang
A political-economic analysis of how China has been able to avoid hyperinflation while maintaining high annual growth rates.
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Author Biography - Yasheng Huang
Yasheng Huang is Associate Professor at the Sloan School of Management, Massachusetts Institute of Technology. He formerly taught at the Harvard Business School. Professor Huang is also the author of Inflation and Investment Controls in China (Cambridge, 1996). He is a recipient of the Social Science Research Council - McArthur Foundation Fellowship.
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