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

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Book Title
From Mao to Market: Rent Seeking, Local Protectionism, and Marke
ISBN
9780521809603
EAN
9780521809603
Publication Year
2003
Type
Textbook
Format
Hardcover
Language
English
Publication Name
From Mao to Market: Rent Seeking, Local Protectionism, and Marketization in China
Item Height
229mm
Author
Andrew H. Wedeman
Publisher
Cambridge University Press
Item Width
152mm
Subject
Economics, Government
Item Weight
600g
Number of Pages
294 Pages

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Andrew Wedemen argues that China succeeded in moving from a Maoist command economy to a market economy because the central government failed to prevent local governments from forcing prices to market levels. Having partially decontrolled the economy in the early 1980s, economic reformers balked at price reform, opting instead for a hybrid system wherein commodities had two prices, one fixed and one floating. Depressed fixed prices led to 'resource wars', as localities battled each other for control over undervalued commodities while inflated consumer goods prices fueled a headlong investment boom that saturated markets and led to the erection of import barriers. Although local rent seeking and protectionism appeared to carve up the economy, in reality they had not only pushed prices to market levels and cleared the way for sweeping reforms in the 1980s, they had also pushed China past the 'pitfalls' of reform that entrapped other socialist economies.

Product Identifiers

Publisher
Cambridge University Press
ISBN-13
9780521809603
eBay Product ID (ePID)
87820853

Product Key Features

Author
Andrew H. Wedeman
Publication Name
From Mao to Market: Rent Seeking, Local Protectionism, and Marketization in China
Format
Hardcover
Language
English
Subject
Economics, Government
Publication Year
2003
Type
Textbook
Number of Pages
294 Pages

Dimensions

Item Height
229mm
Item Width
152mm
Item Weight
600g

Additional Product Features

Title_Author
Andrew H. Wedeman
Series Title
Cambridge Modern China Series
Country/Region of Manufacture
United Kingdom

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