ENGLISH

Forging Reform in China: The Fate of State-Owned Industry (Cambridge Modern China Series)

By Edward S. Steinfeld

Book information

Publisher
Cambridge University Press
Year
1998
ISBN
0521633354, 9780521633352
LCC
HC427.92 .S74 1998
Open Library ID
OL360543M
Language
english
Format
DJVU
Filesize
9 MB (9609384 bytes)
Pages
307\307
Time added
2011-06-04 13:46:07

Description

The greatest economic challenge facing China in the post-Deng era is the reform of unprofitable, state-owned enterprises that have never truly been forced to face the pressure of a bottom line or the threat of bankruptcy. Forging Reform in China explains how and why well-intentioned, market-oriented reform measures have not been sweepingly successful to date, and what it would take to achieve meaningful reform. This book makes a compelling argument that private ownership cannot work in China's current system until governance over complex economic factors has been established, that is, until credit is tightened and market selection processes made to work.

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