The Market Mechanism and Economic Reforms in China

This theoretical and empirical study of market-oriented reforms in Chinese industry since the late 1970s focuses on the expansion of the market mechanism in the allocation of industrial products and the concurrent decline of directive planning.

List of contents

Tables, Preface, 1. Introduction, 2. Prerequisites for Effectively Functioning Markets, 3. Markets in Chinese Industry, 4. The Impact of Markets on Chinese Industrial Enterprises, 5. The Redistributional Role of Chinese Economic Planning, 6. Plan and Market in the Chinese Economy: A Simple General Equilibrium Model, 7. Assumptions, Limitations, and Extensions of the Model, 8. Market Price Trends and Market Integration, 9. The Atrophy of Central Planning in Chinese Industry, 10. Conclusions, Notes, References, Index

About the author

William A. Byrd is an economist for the World Bank in New Delhi. In 1987, he received his Ph.D. in Economics from Harvard University. Dr. Byrd’s many publications on the Chinese economy include China’s Financial System: The Changing Role of Banks, and, as editor, Chinese Firms in the New Environment (forthcoming).

Summary

This theoretical and empirical study of market-oriented reforms in Chinese industry since the late 1970s focuses on the expansion of the market mechanism in the allocation of industrial products and the concurrent decline of directive planning.

Product details

• Authors: William Byrd, William A. Byrd
• Publisher: Taylor and Francis
• Languages: English
• Product format: Hardback
• Released: 31.12.2022
• EAN: 9780873327190
• ISBN: 978-0-87332-719-0
• No. of pages: 264
• Weight: 453 g
• Series: Studies on Contemporary China; Studies on Contemporary China
• Subjects: Social sciences, law, business > Business > Economics; China, BUSINESS & ECONOMICS / Industries / General, BUSINESS & ECONOMICS / Economics / Macroeconomics, macroeconomics, c 1970 to c 1979, Industry & industrial studies, c 1970 to c 1980, C 1980 To C 1990, c 1980 to c 1989, Industry and industrial studies