Markets Over Mao: The Rise of Private Business in China (Paperback) (ISBN-13: 9780881326932)

China's transition to a market economy has propelled its remarkable economic growth since the late 1970s. In this book, Nicholas R. Lardy, one of the world's foremost experts on the Chinese economy, traces the increasing role of market forces and refutes the widely advanced argument that Chinese economic progress rests on the government's control of the economy's "commanding heights." In another challenge to conventional wisdom, Lardy finds little evidence that the decade of the leadership of former President Hu Jintao and Premier Wen Jiabao (2003-13) dramatically increased the role and importance of state-owned firms, as many people argue. This book offers powerfully persuasive evidence that the major sources of China's growth in the future will be similarly market rather than state-driven, with private firms providing the major source of economic growth, the sole source of job creation, and the major contributor to China's still growing role as a global trader. Lardy does, however, call on China to deregulate and increase competition in those portions of the economy where state firms remain protected, especially in energy and finance.

Author: Nicholas Lardy
ISBN-10: 0881326933
ISBN-13: 9780881326932
Publisher: Peterson Institute for International Economic
Language: English
Published: 09/10/2014
Pages: 186
Format: Paperback
Weight: 0.67lbs
Size: 9.00h x 6.00w x 0.47d

Review Citation(s):
Choice 02/01/2015 pg. 1028