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Markets Over Mao - The Rise of Private Business in China (Paperback)
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Markets Over Mao - The Rise of Private Business in China (Paperback)
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China's transition to a market economy has propelled its remarkable
economic growth since the late 1970s. In this book, Nicholas R.
Lardy, one of the world's foremost experts on the Chinese economy,
traces the increasing role of market forces and refutes the widely
advanced argument that Chinese economic progress rests on the
government's control of the economy's "commanding heights." In
another challenge to conventional wisdom, Lardy finds little
evidence that the decade of the leadership of former President Hu
Jintao and Premier Wen Jiabao (2003-13) dramatically increased the
role and importance of state-owned firms, as many people argue.
This book offers powerfully persuasive evidence that the major
sources of China's growth in the future will be similarly market
rather than state-driven, with private firms providing the major
source of economic growth, the sole source of job creation, and the
major contributor to China's still growing role as a global trader.
Lardy does, however, call on China to deregulate and increase
competition in those portions of the economy where state firms
remain protected, especially in energy and finance.
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