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- DescriptionIn this book, Yasheng Huang makes a provocative claim: the large absorption of foreign direct investment (FDI) by China is a sign of some substantial weaknesses in the Chinese ecomy. The primary benefits associated with China's FDI inflows are concerned with the privatization functions supplied by foreign firms, venture capital provisions to credit-constrained private entrepreneurs, and promotion of interregional capital mobility. Huang argues that one should ask why domestic firms cant supply the same functions. China's partial reforms, while successful in increasing the scope of the market, have so far failed to address many allocative inefficiencies in the Chinese ecomy.
- Author BiographyYasheng Huang is Associate Professor at the Sloan School of Management, Massachusetts Institute of Technology. He formerly taught at the Harvard Business School. Professor Huang is also the author of Inflation and Investment Controls in China (Cambridge, 1996). He is a recipient of the Social Science Research Council - McArthur Foundation Fellowship.
- Author(s)Yasheng Huang
- PublisherCambridge University Press
- Date of Publication10/01/2005
- SubjectEconomics: Professional & General
- Series TitleCambridge Modern China Series
- Place of PublicationCambridge
- Country of PublicationUnited Kingdom
- ImprintCambridge University Press
- Content Note5 line diagrams 25 tables
- Weight590 g
- Width152 mm
- Height228 mm
- Spine23 mm
- Series Edited byWilliam Kirby
- Format DetailsTrade paperback (US)
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