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- DescriptionChina's transition to a market ecomy has propelled its remarkable ecomic growth since the late 1970s. In this book, Nicholas R. Lardy, one of the world's foremost experts on the Chinese ecomy, traces the increasing role of market forces and refutes the widely advanced argument that Chinese ecomic progress rests on the government's control of the ecomy's commanding heights. In ather challenge to conventional wisdom, Lardy finds little evidence that the decade of the leadership of former President Hu Jintao and Premier Wen Jiabao (2003-13) dramatically increased the role and importance of state-owned firms, as many people argue. This book offers powerfully persuasive evidence that the major sources of China's growth in the future will be similarly market rather than state-driven, with private firms providing the major source of ecomic growth, the sole source of job creation, and the major contributor to China's still growing role as a global trader. Lardy does, however, call on China to deregulate and increase competition in those portions of the ecomy where state firms remain protected, especially in energy and finance.
- Author BiographyNicholas R. Lardy, called everybody's guru on China by the National Journal, is a senior fellow at the Peterson Institute for International Economics. He joined the Institute in March 2003 from the Brookings Institution, where he was a senior fellow in the Foreign Policy Studies Program (1995-03) and served as interim director of Foreign Policy Studies (2001). Lardy has written numerous articles and books on the Chinese economy including Debating China's Exchange Rate Policy (2008), China: The Balance Sheet (2006), Prospects for a US-Taiwan Free Trade Agreement (2004), Integrating China into the Global Economy (2002), and China's Unfinished Economic Revolution (1998). Lardy is a member of the Council on Foreign Relations and is a member of the editorial boards of the China Quarterly, Journal of Asian Business, China Review, and China Economic Review.
- Author(s)Nicholas R. Lardy
- PublisherInstitute for International Economics,U.S.
- SubjectEconomics: Textbooks & Study Guides
- Place of PublicationWashington
- Country of PublicationUnited States
- ImprintInstitute for International Economics,U.S.
- Content Noteblack & white illustrations
- Weight312 g
- Width161 mm
- Height228 mm
- Spine11 mm
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