The Political Economy Of China's Financial Reforms: Finance In Late Development, 1st Edition (Hardback) book cover

The Political Economy Of China's Financial Reforms

Finance In Late Development, 1st Edition

By Paul Bowles, Gordon White


206 pages

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Hardback: 9780367294878
pub: 2019-09-13
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THIS PATHBREAKING Work analyzes the evolution of China's financial reforms since 1979. China's reformers have stressed the construction of a more diverse, flexible, and competitive financial system as a crucial element of China's economic reform program. The authors assess the theory and practice of financial reform in light of China's specific characteristics as a large, developing country that still claims to be pursuing the goal of establishing a new form of "socialist" market economy. The authors utilize two approaches. First, they place the overall design and trajectory of. financial reform since 1979 within a broad comparative framework of alternative strategies of financial reform and financial systems. Second, they use a political economy perspective to explore the complex interactions among the political and economic actors— individual, group, or institutional—that affect reform outcomes. Integrating these two approaches, the authors conclude by assessing future directions for feasible and desirable financial reform in China.

Table of Contents

Introduction -- Market Socialism, Financial Liberalisation and Late Development -- The Pre-Reform System: The Financial Institutions of Centrally Planned Socialism -- The Process of Financial Reform -- Policy Outcomes: The Macroeconomic and Microeconomic Impact of Financial Reform -- Towards a Socialist Capital Market? -- Conclusion: Future Trajectories

About the Authors

Paul Bowles, Gordon White

Subject Categories

BISAC Subject Codes/Headings:
SOCIAL SCIENCE / Ethnic Studies / Asian American Studies
SOCIAL SCIENCE / Regional Studies