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  • 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
How Reform Worked in China: The Transition from Plan to Market

How Reform Worked in China: The Transition from Plan to Market

Qian, Yingyi

Paperback

EconomicsChinese HistoryGeneral Political Science

ISBN10: 026253424X
ISBN13: 9780262534246
Publisher: MIT Press
Published: Nov 24 2017
Pages: 412
Weight: 1.20
Height: 0.80 Width: 6.00 Depth: 9.00
Language: English
A noted Chinese economist examines the mechanisms behind China's economic reforms, arguing that universal principles and specific implementations are equally important.

As 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.

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