Forging Reform in China - The Fate of State-Owned Industry

Klappentext The greatest economic challenge facing China in the post-Deng era is the reform of unprofitable, state-owned enterprises (SOEs) which threaten to drag down the rest of the economy. Despite an array of well-intentioned, market-oriented reform measures, these firms have never truly been forced to face the pressure of a bottom line, or the threat of bankruptcy. Forging Reform in China explains how and why these measures have not been sweepingly successful to date, and what it would take to achieve meaningful reform. The author investigates firm-level processes, including case studies of China's steel industry giants, revealing institutional and systemic barriers to market-oriented performance. This book makes a compelling argument that private ownership cannot work in China's current system until governance over complex economic factors has been established, that is, until credit is tightened and market selection processes made to work. Zusammenfassung Forging Reform in China explains how and why measures to reform unprofitable state-owned enterprises have not succeeded and how meaningful reform could be achieved. Inhaltsverzeichnis List of tables and figures; Preface; 1. Introduction: China's ailing state enterprises; Part I. Conceptual Approaches to Post-Socialist Enterprise Reform: 2. Property rights, privatization and the state-owned firm; 3. The nested problems dynamic: an alternative approach; Part II. Enterprise Case Studies: The Commanding Heights in Transition: 4. The living museum of iron and steel technology; 5. King of the red chips: Ma'anshan steel and the debacle of the 'public' SOE in China; 6. Shougang: the rise and fall of an industrial giant; Part III. Reassessing Chinese Patterns of Economic Development: 7. Extending the argument: budget constraints and patterns of growth in China; 8. Conclusion; Notes; Bibliography; Index.

Dettagli sul prodotto

• Autori: Steinfeld Edward S., Edward S. Steinfeld, Edward S. (Massachusetts Institute of T Steinfeld, Steinfeld Edward S.
• Con la collaborazione di: William Kirby (Editore)
• Editore: Cambridge University Press ELT
• Lingue: Inglese
• Formato: Copertina rigida
• Pubblicazione: 28.07.1998
• EAN: 9780521633352
• ISBN: 978-0-521-63335-2
• Pagine: 320
• Serie: Cambridge Modern China (Hardco; Cambridge Modern China Series
• Categorie: Saggistica > Storia > Altro; Scienze sociali, diritto, economia > Economia > Economia internazionale; China, BUSINESS & ECONOMICS / Industries / General, 20th Century, BUSINESS & ECONOMICS / Development / Economic Development, 20th century, c 1900 to c 1999, Industry & industrial studies, Development economics & emerging economies, Development economics and emerging economies, Industry and industrial studies