• Sign In
  • Help
  • My Basket0
China's Unfinished Economic Revolution (Hardback)
  • China's Unfinished Economic Revolution (Hardback)
zoom

China's Unfinished Economic Revolution (Hardback)

(author)
£39.50
Hardback 342 Pages / Published: 30/07/1998
  • We can order this

Usually despatched within 3 weeks

  • This item has been added to your basket

Check Marketplace availability

China's Unfinished Economic Revolution offers a fundamentally different interpretation of China's economic reform. The common view that China's gradualistic approach has served it well overlooks the fact that state-owned banks for the last two decades have channeled a large share of sharply rising household savings into what are mostly unreformed, money-losing companies. The result is that several of China's largest financial institutions now are insolvent. To avoid a major domestic banking crisis the book argues that China must recapitalize and restructure its domestic banking system and end the long-standing practice of making lending decisions based on political rather than economic criteria.
Nicholas Lardy explains that this course will inevitably be costly in political terms, in part because it will lead for a time to a slower rate of economic growth. But the alternative is even less attractive -permanently slower growth, continued macroeconomic instability, an inability to meet the expectations of the international community for the opening of its domestic financial markets, and insufficient resources to deal with severe environmental deterioration, growing water shortages, and a rapidly aging population.
This timely book also analyzes the new reform initiatives China has launched in the wake of the Asian financial crisis, suggests additional steps that must be taken, and evaluates the implications for U.S. policy.

Publisher: Brookings Institution
ISBN: 9780815751342
Number of pages: 342
Weight: 34 g
Dimensions: 229 x 152 x 29 mm

You may also be interested in...

Advanced Macroeconomics
Added to basket
Foreign Exchange: The Complete Deal
Added to basket
Economics: A Very Short Introduction
Added to basket
The Great Escape
Added to basket
£14.95
Paperback
Macroeconomics
Added to basket
£58.99
Paperback
Poor Economics
Added to basket
£9.99
Paperback
Hall of Mirrors
Added to basket
All About Forex Trading
Added to basket
The Cash Nexus
Added to basket
£16.99
Paperback
The Forgotten Man
Added to basket
£16.99
Paperback
The Death of Money
Added to basket
The Rotten Heart of Europe
Added to basket
The Little Book of Currency Trading
Added to basket

Reviews

Please sign in to write a review

Your review has been submitted successfully.