Call Boomerang Books 1300 36 33 32

Get Latest Book News + FREE Shipping. Subscribe to the Boomerang Books Bulletin eNewsletter right now!

Description - From Mao to Market by Andrew H. Wedeman

Andrew Wedemen argues that China succeeded in moving from a Maoist command economy to a market economy because the central government failed to prevent local governments from forcing prices to market levels. Having partially decontrolled the economy in the early 1980s, economic reformers baulked at price reform, opting instead for a hybrid system wherein commodities had two prices, one fixed and one floating. Depressed fixed prices led to 'resource wars', as localities battled each other for control over undervalued commodities while inflated consumer goods prices fuelled a headlong investment boom that saturated markets and led to the erection of import barriers. Although local rent seeking and protectionism appeared to carve up the economy, in reality they had not only pushed prices to market levels and cleared the way for sweeping reforms in the 1980s, they had also pushed China past the 'pitfalls' of reform that entrapped other socialist economies.

Buy From Mao to Market by Andrew H. Wedeman from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780521100151
ISBN-10: 0521100151
Format: Paperback
(216mm x 140mm x 17mm)
Pages: 300
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 18-Jan-2009
Country of Publication: United Kingdom

Other Editions - From Mao to Market by Andrew H. Wedeman

Book Reviews - From Mao to Market by Andrew H. Wedeman

» Have you read this book? We'd like to know what you think about it - write a review about From Mao to Market book by Andrew H. Wedeman and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review


Books By Andrew H. Wedeman

From Mao to Market by Andrew H. Wedeman
Hardback, July 2003
$139.50