Whither China restarting the reform agenda 1st Edition by Wu Jinglian,Ma Guochuan ISBN 0190223154 978-0190223151

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Product details:

ISBN 10: 0190223154

ISBN 13: 978-0190223151 

Author: Wu Jinglian, Ma Guochuan

How has China been able to maintain high-speed economic growth during the last thirty-plus years and successfully transform itself from a poor, backward, and developing country to become the world’s second-largest economy? What are the challenges that China faces today and how will she deal with them in order to continue moving toward a truly prosperous and modern society? Standing at a crossroads today, what future direction should China choose: a free market economy or state capitalism?

In a series of penetrating dialogues, Wu Jinglian, China’s most celebrated and influential economist, and Ma Guochuan, chief commentator of Caijing Magazine, attempt to address the following question: “Where is China going?” This volume offers critical insights into the historical evolution of China’s ongoing economic and social transformation. Strongly reflecting Professor Wu’s views on the future prospects of the economic reforms, the book provides readers with a deep and lucid understanding of the social and economic issues now confronting China, analyzes their underlying causes, and examines the serious challenges to implementing further reforms.

Professor Wu argues that the only way to escape the various social ills in China today is to restart the economic and political reforms, which began thirty years ago but have slowed down during the recent decade, and to move China in the direction of a market economy, the rule of law, and democracy.

Table of contents:

1 Whither China? in a new context
2 Why should the Soviet-type economic system be reformed?
3 The initial emergence of reform in 1956
4 Reforms of the economic administration system during the Maoist era
5 The failure of state-owned enterprise reforms under market socialism
6 Rural household contracting leads to the incremental reform strategy
7 The sudden rise of the private sector
8 Opening to the world : a driver of domestic reform
9 The role of the “dual-track” system and its consequences
10 Overall promotion of reform : a new phase
11 Redefining property rights
12 Financial institutions
13 Returning to public finance
14 The long and bumpy road to a social-security system
15 Economic fluctuations and macroeconomic policies
16 Unfinished market-oriented reforms
17 Without political reform, economic reform will not succeed
18 Difficulties in shifting the growth model
19 Why did China become a rent-seeking society?
20 Restarting the reform agenda

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Tags: Wu Jinglian, Ma Guochuan, Whither China, restarting the, reform agenda