9780881327373

The State Strikes Back

Format: Paperback

ISBN13: 9780881327373

Paperback|9780881327373


Overview

China's extraordinarily rapid economic growth since 1978, driven by market-oriented reforms, has set world records and continued unabated, despite predictions of an inevitable slowdown. In The State Strikes Back: The End of Economic Reform in China?, the renowned China scholar Nicholas R. Lardy argues that China's future growth prospects could be equally bright but are shadowed by the specter of resurgent state dominance, which has begun to diminish the vital role of the market and private firms in China's economy.

Lardy's book is a timely sequel to his path-breaking Markets Over Mao: The Rise of Private Business in China (Peterson Institute for International Economics, 2014). This book mobilizes new data to trace how President Xi Jinping has consistently championed state-owned or controlled enterprises, encouraging local political leaders and financial institutions to prop up ailing, underperforming companies that are a drag on China's potential. As with his previous book, Lardy's perspective departs from conventional wisdom, especially in its contention that China could achieve a high growth rate for the next two decades-if it reverses course and returns to the path of market-oriented reforms.

ISBN-13

9780881327373

ISBN-10

0881327379

Weight

0.66 Pounds

Dimensions

6.00 x 0.50 x 8.90 In

List Price

$23.95

Edition

1st Edition

Format

Paperback

Language

English

Pages

200 pages

Publisher

Peterson Institute for International Economics

Published On

2019-01-29



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