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The Political Economy Of China's Financial Reforms: Finance In Late Development

The Political Economy Of China's Financial Reforms: Finance In Late Development

Hardcover

Investing & FinanceGeneral Asian HistoryGeneral Political Science

ISBN10: 0367294877
ISBN13: 9780367294878
Publisher: Routledge
Published: Sep 13 2019
Pages: 220
Weight: 1.55
Height: 0.80 Width: 6.50 Depth: 9.70
Language: English
THIS PATHBREAKING Work analyzes the evolution of China's financial reforms since 1979. China's reformers have stressed the construction of a more diverse, flexible, and competitive financial system as a crucial element of China's economic reform program. The authors assess the theory and practice of financial reform in light of China's specific characteristics as a large, developing country that still claims to be pursuing the goal of establishing a new form of socialist market economy. The authors utilize two approaches. First, they place the overall design and trajectory of. financial reform since 1979 within a broad comparative framework of alternative strategies of financial reform and financial systems. Second, they use a political economy perspective to explore the complex interactions among the political and economic actors-- individual, group, or institutional--that affect reform outcomes. Integrating these two approaches, the authors conclude by assessing future directions for feasible and desirable financial reform in China.

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Investing & Finance