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How China Escaped Shock Therapy: The Market Reform Debate by Isabella M. Weber (Paperback, 2021)
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Yet, gradual marketization has facilitated the country's rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China's path.
- Buy it nowHow China Escaped Shock Therapy: The Market Reform Debate (Routledge Studies
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China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country's rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China's path. In the first post-Mao decade, China's reformers were sharply divided. They agreed that China had to reform its economic system and move toward more marketization-but struggled over how to go about it. Should China destroy the core of the socialist system through shock therapy, or should it use the institutions of the planned economy as market creators? With hindsight, the historical record proves the high stakes behind the question: China embarked on an economic expansion commonly described as unprecedented in scope and pace, whereas Russia's economy collapsed under shock therapy. Based on extensive research, including interviews with key Chinese and international participants and World Bank officials as well as insights gleaned from unpublished documents, the book charts the debate that ultimately enabled China to follow a path to gradual reindustrialization. Beyond shedding light on the crossroads of the 1980s, it reveals the intellectual foundations of state-market relations in reform-era China through a longue duree lens. Overall, the book delivers an original perspective on China's economic model and its continuing contestations from within and from without.Product Identifiers
PublisherTaylor & Francis LTD
ISBN-139781032008493
eBay Product ID (ePID)20049055182
Product Key Features
Number of Pages358 Pages
Publication NameHow China Escaped Shock Therapy: the Market Reform Debate
LanguageEnglish
SubjectEconomics, Government
Publication Year2021
TypeStudy Guide
Subject AreaRegional History
AuthorIsabella M. Weber
SeriesRoutledge Studies on the Chinese Economy
FormatPaperback
Dimensions
Item Height234 mm
Item Weight662 g
Item Width156 mm
Additional Product Features
Country/Region of ManufactureUnited Kingdom
Title_AuthorIsabella M. Weber
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