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From Mao to market : = rent seeking, local protectionism, and marketization in China /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	From Mao to market :/ Andrew H. Wedeman.
Reminder of title:	rent seeking, local protectionism, and marketization in China /
Author:	Wedeman, Andrew Hall,
Description:	1 online resource (xi, 277 pages) :digital, PDF file(s). :
Notes:	Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Subject:	Protectionism - China. -
Subject:	China -
Online resource:	https://doi.org/10.1017/CBO9780511510434
ISBN:	9780511510434 (ebook)

From Mao to market : = rent seeking, local protectionism, and marketization in China /
Wedeman, Andrew Hall,1958-

From Mao to market :rent seeking, local protectionism, and marketization in China /Andrew H. Wedeman. - 1 online resource (xi, 277 pages) :digital, PDF file(s). - Cambridge modern China series. - Cambridge modern China series..

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

1. The Pitfalls of Reform -- 2. Policy and Institutional Change -- 3. Rent Seeking and Local Protectionism -- 4. Export Protectionism -- 5. Import Protectionism -- 6. Marketization -- 7. Escaping from the Pitfalls.

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 baulked 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 fuelled 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.

ISBN: 9780511510434 (ebook)Subjects--Topical Terms:

1443332
Protectionism
--China.Subjects--Geographical Terms:

714969
China

LC Class. No.: HC427.92 / .W413 2003

Dewey Class. No.: 330.951

From Mao to market : = rent seeking, local protectionism, and marketization in China /
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500 $a Title from publisher's bibliographic system (viewed on 05 Oct 2015).
505 0 $a 1. The Pitfalls of Reform -- 2. Policy and Institutional Change -- 3. Rent Seeking and Local Protectionism -- 4. Export Protectionism -- 5. Import Protectionism -- 6. Marketization -- 7. Escaping from the Pitfalls.
520 $a 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 baulked 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 fuelled 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.
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830 0 $a Cambridge modern China series. $3 1375361
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