MARC Record from marc_openlibraries_sanfranciscopubliclibrary

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001 ocn975270297
003 OCoLC
005 20180921161030.0
008 170310s2017 maua b 001 0 eng
010 $a2017007623
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020 $a026253424X$q(paperback ;$qalkaline paper)
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100 1 $aQian, Yingyi,$d1956-$eauthor.
245 10 $aHow reform worked in China :$bthe transition from plan to market /$cYingyi Qian.
264 1 $aCambridge, Massachusetts :$bThe MIT Press,$c[2017]
300 $ax, 402 pages :$billustrations ;$c23 cm
336 $atext$btxt$2rdacontent
337 $aunmediated$bn$2rdamedia
338 $avolume$bnc$2rdacarrier
504 $aIncludes bibliographical references and index.
505 0 $aAcknowledgments -- Introduction: a perspective on reform -- How reform worked in China -- Reform without losers : an interpretation of China's dual-track approach to transition / with Lawrence J. Lau and GÃrard Roland -- Pareto improving economic reforms through dual-track liberalization / with Lawrence J. Lau and GÃrard Roland -- Institutional environment, community government, and corporate governance : understanding China's township-village enterprises / with Jiahua Che -- Insecure property rights and government ownership of firms / with Jiahua Che -- Public vs. private ownership of firms : evidence from rural China / with Hehui Jin -- Federalism, Chinese style : the political basis for economic success in China / with Gabriella Montinola and Barry R. Weingast -- Federalism as a commitment to preserving market incentives / with Barry R. Weingast -- Regional decentralization and fiscal incentives : federalism, Chinese style / with Hehui Jin and Barry R. Weingast -- Why China's economic reforms differ : the m-form hierarchy and entry/expansion of the non-state sector / with Chenggang Xu -- Incentives, information, and organizational form / with Eric Maskin and Chenggang Xu -- Coordinating reforms in transition economies / with GÃrard Roland -- Notes.
520 8 $aAs China has transformed itself from a centrally planned economy to a market economy, economists have tried to understand and interpret the success of Chinese reform. As the Chinese economist Yingyi Qian explains, there are two schools of thought on Chinese reform: the "School of Universal Principles," which ascribes China's successful reform to the workings of the free market, and the "School of Chinese Characteristics," which holds that China's reform is successful precisely because it did not follow the economics of the market but instead relied on the government. In this book, Qian offers a third perspective, taking certain elements from each school of thought but emphasizing not why reform worked but how it did. Economics is a science, but economic reform is applied science and engineering. To a practitioner, it is more useful to find a feasible reform path than the theoretically best way. The key to understanding how reform has worked in China, Qian argues, is to consider the way reform designs respond to initial historical conditions and contemporary constraints. Qian examines the role of "transitional institutions"--Not "best practice institutions" but "incentive-compatible institutions" - in Chinese reform; the dual-track approach to market liberalization; the ownership of firms, viewed both theoretically and empirically; government decentralization, offering and testing hypotheses about its link to local economic development; and the specific historical conditions of China's regional-based central planning.
650 0 $aCentral planning$zChina.
650 0 $aCentral-local government relations$zChina.
650 0 $aFederal government$zChina.
650 0 $aDecentralization in government$zChina.
650 0 $aMixed economy$zChina.
651 0 $aChina$xEconomic policy$y2000-
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