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The State Strikes Back: The End of Economic Reform in China?

개인저자
Nicholas Lardy
발행사항
Washington, DC : Peterson Institute for International Economics 2019
형태사항
172 p. : 23 cm
ISBN
9780881327373
청구기호
338.951 L321t
서지주기
Includes bibliographical references and index
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위치등록번호청구기호 / 출력상태반납예정일
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책 소개
China’s extraordinarily rapid economic growth since 1978, driven by market-oriented reforms, has set world records and continued unabated, despite predictions of an inevitable slowdown. In The State Strikes Back: The End of Economic Reform in China?, the renowned China scholar Nicholas R. Lardy argues that China’s future growth prospects could be equally bright but are shadowed by the specter of resurgent state dominance, which has begun to diminish the vital role of the market and private firms in China’s economy.

Lardy’s book is a timely sequel to his path-breaking Markets Over Mao: The Rise of Private Business in China (Peterson Institute for International Economics, 2014). This book mobilizes new data to trace how President Xi Jinping has consistently championed state-owned or controlled enterprises, encouraging local political leaders and financial institutions to prop up ailing, underperforming companies that are a drag on China’s potential. As with his previous book, Lardy’s perspective departs from conventional wisdom, especially in its contention that China could achieve a high growth rate for the next two decades?if it reverses course and returns to the path of market-oriented reforms.

Nicholas R. Lardy argues that China’s future growth prospects are shadowed by the specter of resurgent state dominance. This book mobilizes new data to trace how President Xi Jinping has consistently championed state-owned or controlled enterprises, propping up ailing, underperforming companies that are a drag on China’s potential.