China’s Long and Winding Road to Modernization

Uncertainty, Learning, and Policy Change

Inbunden, Engelska, 2023

1 469 kr

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China’s Long and Winding Road to Modernization: Uncertainty, Learning, and Policy Change interprets contemporary China’s economic transformation from Austrian and evolutionary perspectives. Fu-Lai Tony Yu and Diana S. Kwan incorporate culture, institutions, government agents and entrepreneurship to understand economic change in China. In this book, the authors emphasize the roles of uncertainty, learning, and experimentation in policy making. Topics discussed range from a presentation of theoretical frameworks to understand China’s economic transformation, an account of China’s economic management during 1950-1978, the economic reformation after 1979 concurrent with Deng Xiaoping’s Open Door Policy, and China’s rise as a global power. These topics culminate in the final section of the book which suggests a path for China’s modernization.

Produktinformation

Utgivningsdatum2023-09-05
Mått158 x 238 x 25 mm
Vikt581 g
FormatInbunden
SpråkEngelska
Antal sidor312
FörlagBloomsbury Publishing Plc
ISBN9781666934403

Tillhör följande kategorier

Politik och statsskick inom Samhalle och politik
Ekonomisk politik inom Ekonomi och ledarskap
Etnicitet inom Samhalle och politik

Part I. Theoretical FrameworkChapter 1. Mainstream Neoclassical School versus Austrian Economics: Efficiency versus CoordinationChapter 2. Interpreting Chinese History in Phenomenological PerspectiveChapter 3. Origins of Chinese Way of National Management: Confucianism, Absolute Monarchy and PatriotismPart II. China’s Economic Management during 1950-1978: Venturing into a Radical Socialist RegimeChapter 4. An Overview of China’s Economic Transformation in Evolutionary Perspective: Uncertainty, Experimentation and Policy ChangeChapter 5. The Cultural Revolution Revisited: Mao’s Personality, Chinese Culture and Mentality Chapter 6. Uncertainty and Policy Making for a Public Mega Project in Communist China: The Case of the Three Gorges DamPart III. Groping for Chinese Stones to Cross Turbulent Rivers: China’s Economic Reform after 1979Chapter 7. Leadership Selection and Power Succession: The Case of “Hu-Wen Team”Chapter 8. From Low-end ‘Shanzhai’ to High-end Brand Models: The Case of China’s

Yu and Kwan investigate China’s rising economic power and social development from an Austrian perspective instead of mainstream, neoclassical economic theories. Their approach is “interpretative and storytelling” instead of “quantitative and mathematical.” They emphasize the impact of culture and institutions. After they contrast neoclassical economics with Austrian economics, the authors look at Chinese history, particularly after the Communist Party took over in 1949. The authors conclude the book by suggesting that China should adopt a path similar to the Meiji Restoration. The title is accessible to most audiences. It can be used as an undergraduate textbook for the Chinese economy from the perspective of Austrian economics. Recommended. All readership levels, especially undergraduates.