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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This book analyzes the evolution of China's financial reforms since 1979, providing a political economy perspective to explore the complex interactions among the political and economic actors—individual, group, or institutional—that affect reform outcomes.
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Introduction -- Market Socialism, Financial Liberalisation and Late Development -- The Pre-Reform System: The Financial Institutions of Centrally Planned Socialism -- The Process of Financial Reform -- Policy Outcomes: The Macroeconomic and Microeconomic Impact of Financial Reform -- Towards a Socialist Capital Market? -- Conclusion: Future Trajectories
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Produktdetaljer
ISBN
9780367310332
Publisert
2021-05-31
Utgiver
Vendor
Routledge
Vekt
331 gr
Høyde
249 mm
Bredde
152 mm
Aldersnivå
U, G, 05, 01
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
206