• Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
From Mao to Market: Rent Seeking, Local Protectionism, and Marketization in China

From Mao to Market: Rent Seeking, Local Protectionism, and Marketization in China

Hardcover

Series: Cambridge Modern China

Chinese HistoryGeneral Political Science

ISBN10: 0521809606
ISBN13: 9780521809603
Publisher: Cambridge University Press
Published: Jul 10 2003
Pages: 294
Weight: 1.15
Height: 0.80 Width: 6.10 Depth: 9.10
Language: English
Andrew Wedeman argues that economic reform in China succeeded because government failed to prevent local officials from forcing prices to market levels. Reformers opted for a hybrid system of price controls in the 1980s, wherein commodities had both fixed and floating prices. Depressed fixed prices led to resource wars, as localities vied for control over undervalued commodities while inflated prices fueled an investment boom that saturated markets and led to import barriers. Although local rent seeking and protectionism appeared to carve up the economy, they had actually cleared the way for sweeping reforms.

1 different editions

Also available

Also in

General Political Science