From Mao to Market: Rent Seeking, Local Protectionism, and...

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From Mao to Market: Rent Seeking, Local...

From Mao to Market: Rent Seeking, Local Protectionism, and Marketization in China (Cambridge Modern China Series)

Name: From Mao to Market: Rent Seeking, Local Protectionism, and Marketization in China (Cambridge Modern China Series)
ISBN: 9780521809603

Andrew H. Wedeman

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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.

种类:

Society, Politics & Philosophy - Anthropology

年:

2003

出版社:

Cambridge University Press

语言:

english

页:

294

ISBN 10:

0521809606