Statism with Chinese Characteristics

A History of China's Reforms and Reversals

Inbunden, Engelska, 2026

AvYasheng Huang,Yasheng (MIT Sloan School of Management) Huang

579 kr

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Statism with Chinese Characteristics offers a fresh perspective on the Chinese economy and its impact on the world. By diving into details and data such as the private nature of rural enterprises, early financial reforms, and the critical role of initial political openness, Yasheng Huang challenges the popular view that credits China's success to a unique blend of government interventions and autocratic governance. Huang shows how China's growth was driven by private entrepreneurship and gradual liberalization, not by infrastructural development, statist finance, and meritocratic autocracy. He confronts assumptions regarding the conventional wisdom about the Chinese economy, explicitly engaging with the policy pivot from the 1980s to the 1990s and infrastructure as a crucial factor behind China's growth. Underscoring the significant role of politics in shaping economic outcomes, this second edition explores the challenges facing the Chinese economy today, emphasizing how political changes dictate economic reforms, rather than the opposite.

Produktinformation

Utgivningsdatum2026-01-19
Mått152 x 229 x 22 mm
Vikt733 g
FormatInbunden
SpråkEngelska
Antal sidor392
Upplaga2
FörlagCambridge University Press
ISBN9781009680677

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Yasheng Huang is the Epoch Foundation Professor of Global Economics and Management at the MIT Sloan School of Management. He is the author of 12 books in Chinese and English, two of which have been selected as a Best Book of the Year, Foreign Affairs in 2023 and Economist in 2008. He is the recipient of the Sloan Foundation Grant, Woodrow Wilson Fellowship, SSRC-MacArthur Fellowship, US Institute of Peace Grant, and the Hoover Fellowship.

'Huang powerfully argues that much of what we are told about Chinese economic growth is wrong. The origins of the tremendous success lie not in government-directed industrial investments, but in rural reforms. It wasn't top-down expert policymaking from the Chinese Communist Party, but bottom-up initiatives that elites allowed (or couldn't stop) that were most important. And the future isn't as bright as scores of China enthusiasts are claiming, despite huge investments in AI. This is a must-read book for everybody interested in China and the global economy, and it will be challenging to many.' Daron Acemoglu, Institute Professor at MIT and the 2024 Nobel Laureate in Economics