The Market Mechanism and Economic Reforms in China: 1st Edition (Hardback) book cover

The Market Mechanism and Economic Reforms in China

1st Edition

By William Byrd

Routledge

256 pages

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Hardback: 9780873327190
pub: 1991-01-31
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Description

This theoretical and empirical study of market-oriented reforms in Chinese industry since the late 1970s focuses on the expansion of the market mechanism in the allocation of industrial products and the concurrent decline of directive planning - a strategy that is a crucial component of the ambitious overall reform "package" that Chinese reformers are trying to implement. The expanding role of Chinese industrial goods has had major implications for the functioning and importance of planning which, the author argues, has become largely irrelevant in terms of direct control over short-term allocation.

Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
POE000000
POETRY / General