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 ...
Read More
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.
Read Less
Add this copy of From Mao to Market: Rent Seeking, Local Protectionism, to cart. $36.42, new condition, Sold by Booksplease rated 3.0 out of 5 stars, ships from Southport, MERSEYSIDE, UNITED KINGDOM, published 2009 by Cambridge University Press.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
New. Trade paperback (US). Contains: Line drawings, Tables. Cambridge Modern China Series . 10 b/w illus. 4 tables. Intended for professional and scholarly audience.
Add this copy of From Mao to Market: Rent Seeking, Local Protectionism, to cart. $47.32, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2009 by Cambridge University Press.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
New. Trade paperback (US). Contains: Line drawings, Tables. Cambridge Modern China Series . 10 b/w illus. 4 tables. Intended for professional and scholarly audience.
Add this copy of From Mao to Market: Rent Seeking, Local Protectionism, to cart. $58.80, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2009 by Cambridge University Press.
Add this copy of From Mao to Market: Rent Seeking, Local Protectionism, to cart. $112.42, new condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2009 by Cambridge University Press.
Add this copy of From Mao to Market to cart. $37.47, new condition, Sold by Media Smart rated 4.0 out of 5 stars, ships from Hawthorne, CA, UNITED STATES, published 2003 by Cambridge University Press CUP.
Add this copy of From Mao to Market (Hb 2003) to cart. $46.09, new condition, Sold by Books International rated 4.0 out of 5 stars, ships from Toronto, ON, CANADA, published 2003 by Cambridge University Press.
Add this copy of From Mao to Market: Rent Seeking, Local Protectionism, to cart. $54.90, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2003 by Cambridge University Press.
Add this copy of From Mao to Market-Rent Seeking, Local Protectionism, to cart. $62.37, new condition, Sold by discount_scientific_books rated 5.0 out of 5 stars, ships from Sterling Heights, MI, UNITED STATES, published 2003 by Cambridge University Press.
Add this copy of From Mao to Market-Rent Seeking, Local Protectionism, to cart. $65.76, new condition, Sold by discount_scientific_books rated 5.0 out of 5 stars, ships from Sterling Heights, MI, UNITED STATES, published 2003 by Cambridge University Press.