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Statism with Chinese Characteristics by Yasheng Huang

Statism with Chinese Characteristics

by Yasheng Huang
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Book cover type: Hardcover
  • ISBN13: 9781009680677
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Cambridge University Press
  • Publisher Imprint: Cambridge University Press
  • Publication Date:
  • Pages: 392
  • Original Price: USD 45.0
  • Language: English
  • Edition: 2 Revised edition
  • Item Weight: 685 grams
  • BISAC Subject(s): Public Policy / Economic Policy

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.

Huang, Yasheng: - 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.

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