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Capitalism with Chinese Characteristics: Entrepreneurship and the State di [Huang, Yasheng]
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Descrizione prodotto


'The development of the Chinese private sector is a key to the future shape and performance of the Chinese economy. At present, the subject is widely misunderstood. This book does more than any other to clarify the issues and point the way forward.' Christopher Howe, School of East Asian Studies, University of Sheffield

'… important book … If one wants to understand the policy origins of China's growing divide between rich and poor, urban and rural, one need look no further than this book.' William Kirby, Harvard University

'Sure to generate a lively debate, Professor Huang's study provides a provocative and well-researched challenge to much current thinking on China's economic development.' Susan Rose-Ackerman, Yale Law School

'… Capitalism with Chinese Characteristics is both immensely informative and enormously provocative.' Charles Wolf, Jr, Pardee RAND Graduate School

'… the scale of the research is impressive, and goes beyond most western commentators other than those with high-level Chinese language skills and access to the primary sources. … the book is overall an important reminder that the story of China's growth rewards detailed research and is not simply the tale of a gradual deepening of market-led economic reform. … Huang's tale of the first two decades of China's economic reform is indeed worth bearing in mind when watching the latest developments.' The Business Economist

'… profoundly informative book …' The Spokesman

'This is among the most important books to appear on contemporary China this decade. Motivated by a socially conscious economic liberalism and guided by a firmly positivist epistemology, Yasheng Huang challenges - and defeats - some of the most sacred myths surrounding the Chinese political economy as reinforced by scholars and widely accepted by the general public. The book is essential reading for any political scientist specializing in China, international relations, comparative economic development, or comparative political change.' Perspectives on Politics

'[Marshals] an impressive array of survey and documentary evidence … a must-read for China specialists.' The Journal of Asian Studies


Presents a story of two Chinas – an entrepreneurial rural China and a state-controlled urban China. In the 1980s, rural China gained the upper hand. In the 1990s, urban China triumphed. In the 1990s, the Chinese state reversed many of its rural experiments, with long-lasting damage to the economy and society. A weak financial sector, income disparity, rising illiteracy, productivity slowdowns, and reduced personal income growth are the product of the capitalism with Chinese characteristics of the 1990s and beyond. While GDP grew quickly in both decades, the welfare implications of growth differed substantially. The book uses the emerging Indian miracle to debunk the widespread notion that democracy is automatically anti-growth. As the country marked its 30th anniversary of reforms in 2008, China faces some of its toughest economic challenges and substantial vulnerabilities that require fundamental institutional reforms.

Dettagli prodotto

  • Formato: Formato Kindle
  • Dimensioni file: 2699 KB
  • Lunghezza stampa: 366
  • Utilizzo simultaneo di dispositivi: Fino a 4 dispositivi, per limite di editore
  • Editore: Cambridge University Press; 1 edizione (1 settembre 2008)
  • Venduto da: Amazon Media EU S.à r.l.
  • Lingua: Inglese
  • ASIN: B001JEPW72
  • Da testo a voce: Abilitato
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  • Screen Reader: Supportato
  • Miglioramenti tipografici: Abilitato
  • Media recensioni: Recensisci per primo questo articolo
  • Posizione nella classifica Bestseller di Amazon: #234.423 a pagamento nel Kindle Store (Visualizza i Top 100 a pagamento nella categoria Kindle Store)
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Le recensioni clienti più utili su (beta) (Potrebbero essere presenti recensioni del programma "Early Reviewer Rewards") 4.1 su 5 stelle 23 recensioni
1 di 1 persone hanno trovato utile la seguente recensione
4.0 su 5 stelle A provocative retelling of China's economic rise 29 maggio 2016
Di Paul Wiseman - Pubblicato su
Formato: Copertina rigida Acquisto verificato
Yasheng Huang seeks to overturn the way we look at China’s economic development. Writing in the 2008, he basically divides the reform era into halves: the 1980s, in which free-market rural reforms stimulated healthy, poverty-killing economic growth; and the 1990s, in which top-down directives generated wasteful urban investment that juiced GDP but did little to help ordinary people -- or actively hurt them. (Huang reports that illiteracy rose dramatically in the ‘90s, partly because the government raised school fees in rural areas -- something I didn’t know, though I have long seen education as one of China’s weakest links.)
In Huang’s telling, Chinese policymakers made a disastrous shift away from laissez-faire in the countryside -- first as part of an ideological reaction to the Tiananmen protests and then as part of a technocratic city-centric industrial policy engineered by Jiang Zemin and Zhu Rongji. Huang treats with disdain the conventional views of China’s economic miracle, taking on big names such as Joseph Stiglitz, Jeffrey Sachs and Stephen Roach. No, he argues, state capitalism hasn’t driven China’s success. No, foreign direct investment doesn’t deliver a big payoff. (Unjustified faith in FDI, he argues, has led economists to underestimate the effectiveness of India’s economic reforms, which don’t rely much on foreigners.) No, Shanghai isn’t a model for development in emerging market economies; bustling, entrepreneurial Zhejiang Province is.
What worked for China and the Chinese people, in Huang’s view, were reforms that gave rural entrepreneurs confidence that they wouldn’t be arrested or hassled by authorities -- even though their property rights remained muddled. He assembles a lot of data to support his view and is very convincing, though I wondered what other students of Chinese economic development have to say about his arguments.
As a reading experience -- as opposed to a provocative intellectual exercise -- the book can be a chore: To press his case, Huang repeats his main themes over and over and piles on statistics that might be mandatory in an academic argument but amount to overkill for lay readers.
At the same time, somewhat surprisingly, the book is filled with passion and clearly reflects Huang’s admiration for the rural Chinese entrepreneurs who got things going back in the late ‘70s and early ‘80s. You feel like there’s another book -- a far more compelling read -- peeking out from all the stats and tables, one about the bold risk-takers who took on a statist system. For instance, Huang clearly enjoys telling the story of Nian Guangjiu, founder of the Idiot’s Seeds brand of sunflower seeds. When the state turned against rural entrepreneurs in the ‘90s, Nian was arrested on dubious charges of hooliganism. Accused of having immoral relationships with ten women, he reportedly responded, “No, twelve.’’
5.0 su 5 stelle The intense reform of the 1980's vs. the intense urbanization of the 1990's 16 agosto 2013
Di Cultural ghost - Pubblicato su
Formato: Copertina rigida Acquisto verificato
The 1980's are a vital time when China's reform spread throughout society and changed almost all "the rules". Huang gives a useful economic perspective on this era by looking at small enterprises which are usually mislabeled as "township and village" enterprises.

the other valuable part of the book deals with urbanization and particularly Shanghai. The city's success is part historical and part policy. Huang gives us a nice window into China's early efforts to boost urbanization, something which has recently become a more established topic for discussion with the 5th generation of leadership.

Most importantly Huang dismisses the typical blind-praise for economic success, asking instead how this was achieved and what were the trade-offs? His book, coming out ~2008, is basically the first milestone in empirical skeptical literature (ignoring the bull-bear nonsense) about the China model and required reading for anyone who writes or discusses about Chinese reforms. Many commentators today are building on his arguments.
4.0 su 5 stelle Exceptional scholarship, writing could be better 15 luglio 2010
Di algo41 - Pubblicato su
Formato: Copertina rigida Acquisto verificato
This book is an exceptional piece of scholarship, with very interesting conclusions. The writing is not always very good with lots of repetition, a poor (and long) introductory summary, and insufficient highlighting of some of the really important data sets (p.116, p.122, p.254): the casual reader might want to focus on those data sets and the accompanying gloss.

At the risk of some oversimplification, Huang finds that the 80's in China were characterized by vigorous growth through private enterprise. In the 90's China became a state run, top down economy, relying on foreign direct investment for the continued growth which was accomplished. Economists have come to emphasize the importance of the security of private property in promoting growth, and while nominally this did not exist in the 80's in law, it mostly did exist in fact. The 90's were a different story, with land grabs and other kinds of expropriations, as well as limits on competition with state controlled enterprises, and a stranglehold on the availability of credit.

One might think that the source of growth was not too important so long as growth was obtained, but this is not true. The "Gini" coefficient which was developed by international economists shows that Chinese society suffered from more inequality in the 90's. Education and health deteriorated, with the number of functionally illiterate actually increasing. Corruption became rampant even as civil service salaries greatly increased and there was less freedom at the village level. Moreover, because urban areas grew at the expense of rural areas, more Chinese workers had to migrate, and living in a squalid worker dormitory, separated from family, leads to a reduction in quality of life not picked up in GDP measurements (Huang does not explicitly make that point, but it is obvious).

Huang sees signs that in the 21st century, China's new leaders have been trying to move the country back in the direction of the eighties. As a stock market investor, I can point out the following: a number of Chinese companies have listed on the NASDAQ while not being allowed to list on the Shanghai stock exchange where share valuations are higher, so they are not able to raise as much capital. At the same time, however, some of these companies have received state assistance of various kinds without state control.

I believe Huang was objective in his research, although he does gloss over the evils that can result from unrestrained private enterprise - think of the industrial revolution in Europe.
4 di 5 persone hanno trovato utile la seguente recensione
5.0 su 5 stelle A revolutionary overturning of conventional wisdom 20 marzo 2009
Di Christopher Myrick - Pubblicato su
Formato: Copertina rigida Acquisto verificato
With a wealth of data and careful case studies, Huang overturns much of the conventional wisdom regarding China's economic miracle. The true miracle, he argues, was the local and rural entrepreneurship of the 1980s, not the urban state-guided and FDI driven urban coastal growth of the 1990s.
As Huang himself notes, much of what he says is positing opinion rather than stating clearly defined fact. Nevertheless, this is an impressively researched work and Huang is confident enough in his findings that he does not shy from overt criticism of high-profile and respected development economists (among them, Joe Stiglitz, Jeffery Sachs and the World Bank).
'Capitalism with Chinese Characteristics' should ignite debate on China's growth model and it would be wonderful to see a response from some of those whom he criticises. It should also be essential reading for every economic decision maker in China.
5.0 su 5 stelle Great book to understand why TVE were the engine behid ... 24 dicembre 2014
Di Armando Bolanos - Pubblicato su
Formato: Copertina rigida Acquisto verificato
Great book to understand why TVE were the engine behid poverty reduction in China and the political economy in place to attack domestic firms in China.
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