From Mao to Market
Rent Seeking, Local Protectionism, and Marketization in China
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 erecti…
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Produktdetails
- ISBN: 978-0-511-05777-9
- EAN: 9780511057779
- Produktnummer: 13803860
- Verlag: Cambridge University Press
- Sprache: Englisch
- Erscheinungsjahr: 2003
- Seitenangabe: 0 S.
- Plattform: PDF
- Masse: 2'440 KB
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