Details

ISBN-10: 0881327379
ISBN-13: 9780881327373
Publisher: Peterson Institute for International Economics
Publish Date: 01/29/2019
Dimensions: 8.90" L, 6.00" W, 0.50" H

The State Strikes Back: The End of Economic Reform in China?

Paperback

Price: $23.95

Overview

China’s extraordinarily rapid economic growth since 1978, driven by market-oriented reforms, has set world records and continued unabated, despite predictions of an inevitable slowdown. In The State Strikes Back: The End of Economic Reform in China?, the renowned China scholar Nicholas R. Lardy argues that China’s future growth prospects could be equally bright but are shadowed by the specter of resurgent state dominance, which has begun to diminish the vital role of the market and private firms in China’s economy.

Lardy’s book is a timely sequel to his path-breaking Markets Over Mao: The Rise of Private Business in China (Peterson Institute for International Economics, 2014). This book mobilizes new data to trace how President Xi Jinping has consistently championed state-owned or controlled enterprises, encouraging local political leaders and financial institutions to prop up ailing, underperforming companies that are a drag on China’s potential. As with his previous book, Lardy’s perspective departs from conventional wisdom, especially in its contention that China could achieve a high growth rate for the next two decades–if it reverses course and returns to the path of market-oriented reforms.

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Reviews
Nicholas Lardy, a preeminent expert on China's economy, argues that China faces a choice: follow the path of market-based reform or retrench to greater state direction. Mindful of the politics surrounding the choice, he makes the case for well-crafted reform, saying it could spur growth greater than most China analysts believe likely. The State Strikes Back is a must-read for policymakers, businesspeople, and investors with an interest in China's economic future.–Robert Rubin, former U.S. Secretary of the Treasury
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Details

ISBN-10: 0881327379
ISBN-13: 9780881327373
Publisher: Peterson Institute for International Economics
Publish Date: 01/29/2019
Dimensions: 8.90" L, 6.00" W, 0.50" H
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