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

Autor Paul Bowles, Gordon White
en Limba Engleză Paperback – 31 mai 2021
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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Specificații

ISBN-13: 9780367310332
ISBN-10: 0367310333
Pagini: 206
Dimensiuni: 152 x 249 mm
Greutate: 0.33 kg
Ediția:1
Editura: Taylor & Francis
Colecția Routledge
Locul publicării:Oxford, United Kingdom

Cuprins

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

Descriere

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.