The widely held view of the Asian Financial Crisis is that it had no substantial impact on China. In fact, the country was far more vulnerable than most people realized, due to the high possibility of financial contagion entering the system from Hong Kong through Guangdong province. This book analyzes the severe policy challenge that it presented for China's leaders. The crisis in Guangdong's financial institutions provided a forewarning of the difficulties that lay ahead as China's integration with the global financial system deepened. The experience of Guangdong in the Asian Financial Crisis provided a profound lesson for China's policy-makers as they planned the country's strategy for financial reform in the following years. China was able to avoid disaster by astute and difficult policy choices, in the face of fierce pressure from outside the country, as well as from different domestic interests at many different levels. The successful resolution of the crisis provided a breathing space for the leadership. It gave it time to undertake necessary reforms in the country's financial system in the decade that followed the crisis.

Based on extensive original research, Globalisation, Transition and Development inChina explains China's development strategy and its underlying forces, and the success of this strategy. It examines China's gradualist approach which emphasizes development first and regards transition and globalization as secondary, enacting liberalization of domestic markets and integration into the world economy in a paced way, avoiding dramatic changes which might impede or even reverse development, and argues that this approach is broadly correct. It considers China's failures, including the failure to build large globally competitive corporations despite the intention to do this, and shows how China's economic strategy has been implemented in detail with a case study of the large and important coal industry.

Zheng Bijian has been one of the most influential thinkers and policy formulators in China during its reform period. In the early 1990s he worked with Deng Xiaoping collating and publishing Deng's speeches and as vice president of the Party School gave top priority to ensuring that members of the Party were thoroughly familiar with Deng's views, theories and reform agenda. In this important book, which is already available in Chinese, Zheng Bijian sets out his views and relates how his views were formed and developed over the long reform period, including the full text of his important speeches and papers, together with appropriate introductory material. Particular key themes which Zheng Bijian's thought has contributed to China's development are that China should embrace globalization and strengthen its relationship with the rest of the world, and that China's development should be peaceful. "Zheng Bijian's ideas, actions and vision helped China in its astonishing thirty years growth. Zheng Bijian made a great contribution to envisioning the new role of China in a globalized world. This book is the intellectual story of a great witness of our times." - Romano Prodi, former President of the European Commission and former Prime Minister of Italy

The widely held view of the Asian Financial Crisis is that it had no substantial impact on China. In fact, the country was far more vulnerable than most people realized, due to the high possibility of financial contagion entering the system from Hong Kong through Guangdong province. This book analyzes the severe policy challenge that it presented for China's leaders. The crisis in Guangdong's financial institutions provided a forewarning of the difficulties that lay ahead as China's integration with the global financial system deepened. The experience of Guangdong in the Asian Financial Crisis provided a profound lesson for China's policy-makers as they planned the country's strategy for financial reform in the following years. China was able to avoid disaster by astute and difficult policy choices, in the face of fierce pressure from outside the country, as well as from different domestic interests at many different levels. The successful resolution of the crisis provided a breathing space for the leadership. It gave it time to undertake necessary reforms in the country's financial system in the decade that followed the crisis.

Demonstrates China's reform and opening-up and formation of BRI A full pictory of the backstory, concept and framework of BRI Includes China's nternational action plans relevant and similar to the BRI Covers case studies of the BRI implementation and promotion 132 entries in total reflect the latest progress, with 19 new entries added and 14 updated compared to the first edition

The different approach taken by China and the West towards finance and the real economy rests upon philosophical foundations that have diverged fundamentally since the Ancient World. Since the Asian Financial Crisis in 1997-98 a tremendous transformation has taken place in the financial systems in both China and the West. China has persisted steadily with reform of its financial system but it remains heavily protected from international competition. In the West regulatory structures have been progressively dismantled, permitting an unprecedented secular expansion of asset prices and debt relative to GDP. The structure crashed to the ground with the collapse of asset prices in 2008-09. In the decade since the GFC asset prices and debt in the West have rebounded. The West's financial system stands on a knife- edge. In 2018 China announced the intention to accelerate the opening up of the country's capital markets. The way in which the Chinese and the West's financial system interact constitutes a central issue in global political economy in the years ahead.

The different approach taken by China and the West towards finance and the real economy rests upon philosophical foundations that have diverged fundamentally since the Ancient World. Since the Asian Financial Crisis in 1997-98 a tremendous transformation has taken place in the financial systems in both China and the West. China has persisted steadily with reform of its financial system but it remains heavily protected from international competition. In the West regulatory structures have been progressively dismantled, permitting an unprecedented secular expansion of asset prices and debt relative to GDP. The structure crashed to the ground with the collapse of asset prices in 2008-09. In the decade since the GFC asset prices and debt in the West have rebounded. The West's financial system stands on a knife- edge. In 2018 China announced the intention to accelerate the opening up of the country's capital markets. The way in which the Chinese and the West's financial system interact constitutes a central issue in global political economy in the years ahead.

Capitalist globalisation since the 1980s has produced immense benefits in terms of technical progress, poverty reduction and welfare improvement. However, it has been accompanied by profound contradictions, including ecological destruction, global warming, inequality, concentration of business power, and financial instability. Regulation of global political economy in the interests of the majority of the world's population is essential if the human species is to avoid a Darwinian catastrophe. This book explores China's rich history of regulating the market in the interests of the mass of the population. For over two thousand years the Chinese bureaucracy has sought pragmatically to find a Way in which to integrate the 'invisible hand' of market forces with the 'visible hand' of ethically guided government regulation. Instead of seeking confrontation with China, citizens and politicians in the West need to deepen their understanding of the contribution that China can make to globally sustainable development in the decades and centuries ahead.

This book examines the case for and against collective farms in developing countries. Basing his account on a careful analysis of China's rural economy from the 1950s to the 1980s, the author argues that collective farms have serious shortcomings and that they are not the most suitable institutional form for rural economic development in poor count

If the West wishes to understand China better, it needs to appreciate the depth of thought and range of debate that is taking place within the Chinese political system. China is entering a new and complicated phase in its development. From a minnow in the 1970s it has become a mighty player on the global stage. It is likely that its role in the global economy and international relations will continue to expand. Today, despite its vast size, China is still a developing country. The country's leaders in the Communist Party of China face innumerable policy challenges. Two key issues facing the Party are its role in the Asia-Pacific region and the ideological legacy from Karl Marx. The CPC is engaged in deep research, debate and reflection on both of these questions. This study provides a unique, in-depth insight into these critically important issues for the evolution of China's political economy.

Changes to corporate structure, including the role of the corporate headquarters, have been key factors in bringing about economic reform in China. In this penetrating and insightful book, Xiao questions the conventional theory of the firm, arguing that the ultimate goal of the headquarters of modern large corporations is to function as a substitute for the market, and introducing a new explanation for the nature of the firm - the 'substitution function model'. He provides an insider's account of the reforms in CITIC, and as such this is a rare narrative that should be essential reading for scholars and practitioners who care about the theory and practice of the firm, in particular in the context of Chinese enterprise reform.

China has achieved remarkable, sustained economic growth under the policies of 'reform and opening up' put into place since the late 1970s. China's industrial policies have nurtured a large group of firms with high profits and a high market capitalisation. However, few people in the West can name a single Chinese firm. During the modern era of capitalist globalisation firms from the high income countries have spread their business systems across the world. This has presented a profound challenge for industrial policy in developing countries, including even China, the world's second largest economy. China is unique among large latecomer developing countries in having reached the position of being a huge, fast-growing economy, with a tremendous impact on the rest of the world, but lacking a substantial group of globally competitive firms. This volume explores this paradox. Fully understanding the industrial policy challenge that the era of capitalist globalisation has produced for China is essential for harmonious international relations.

This book examines the case for and against collective farms in developing countries. Basing his account on a careful analysis of China's rural economy from the 1950s to the 1980s, the author argues that collective farms have serious shortcomings and that they are not the most suitable institutional form for rural economic development in poor countries.

Based on extensive original research, Globalisation, Transition and Development in China explains China's development strategy and its underlying forces, and the success of this strategy. It examines China's gradualist approach which emphasizes development first and regards transition and globalization as secondary, enacting liberalization of domestic markets and integration into the world economy in a paced way, avoiding dramatic changes which might impede or even reverse development, and argues that this approach is broadly correct. It considers China's failures, including the failure to build large globally competitive corporations despite the intention to do this, and shows how China's economic strategy has been implemented in detail with a case study of the large and important coal industry.

Zheng Bijian has been one of the most influential thinkers and policy formulators in China during its reform period. In the early 1990s he worked with Deng Xiaoping collating and publishing Deng's speeches and as vice president of the Party School gave top priority to ensuring that members of the Party were thoroughly familiar with Deng's views, theories and reform agenda. In this important book, which is already available in Chinese, Zheng Bijian sets out his views and relates how his views were formed and developed over the long reform period, including the full text of his important speeches and papers, together with appropriate introductory material. Particular key themes which Zheng Bijian's thought has contributed to China's development are that China should embrace globalization and strengthen its relationship with the rest of the world, and that China's development should be peaceful. "Zheng Bijian's ideas, actions and vision helped China in its astonishing thirty years growth. Zheng Bijian made a great contribution to envisioning the new role of China in a globalized world. This book is the intellectual story of a great witness of our times." - Romano Prodi, former President of the European Commission and former Prime Minister of Italy

China has achieved remarkable, sustained economic growth under the policies of 'reform and opening up' put into place since the late 1970s. China's industrial policies have nurtured a large group of firms with high profits and a high market capitalisation. However, few people in the West can name a single Chinese firm. During the modern era of capitalist globalisation firms from the high income countries have spread their business systems across the world. This has presented a profound challenge for industrial policy in developing countries, including even China, the world's second largest economy. China is unique among large latecomer developing countries in having reached the position of being a huge, fast-growing economy, with a tremendous impact on the rest of the world, but lacking a substantial group of globally competitive firms. This volume explores this paradox. Fully understanding the industrial policy challenge that the era of capitalist globalisation has produced for China is essential for harmonious international relations.

Worldwide, mental health problems are set to become the second greatest threat to health by the end of the next decade. The European Union has identified mental health problems as a growing concern, although there is great variation within EU countries with respect to patient numbers and the range of facilities available to them. Historically, EU mental healthcare services have been analysed using measurable aspects of care provisions such as throughput, costs and outcome measures. Little is known of the experiences, perceptions, beliefs and values of those accessing and providing services. This enlightening new book adopts a very different approach. With a particular focus on nursing, it examines and critiques the state of specialist mental health services in nine EU countries - Czech Republic, Finland, Ireland, Greece, Luxembourg, Netherlands, Germany, United Kingdom and Portugal. Each chapter focuses on a single country and ascertains existing services, their development, the treatments and care provided, factors preventing better service delivery, and suggestions for improvement. A rich pattern of differences emerge and comparisons can then be drawn. It also explores the emergence of an EU mental health identity in regards to selection of mental health personnel, their training and education, and the range of services they provide. Healthcare professionals and students with a particular interest in mental health issues (especially those with an interest in international approaches) will welcome the fresh analysis. It provides vital new information for European policy makers and shapers, voluntary sector personnel, and service users and the organisations representing them.

Changes to corporate structure, including the role of the corporate headquarters, have been key factors in bringing about economic reform in China. In this penetrating and insightful book, Xiao questions the conventional theory of the firm, arguing that the ultimate goal of the headquarters of modern large corporations is to function as a substitute for the market, and introducing a new explanation for the nature of the firm - the 'substitution function model'. He provides an insider's account of the reforms in CITIC, and as such this is a rare narrative that should be essential reading for scholars and practitioners who care about the theory and practice of the firm, in particular in the context of Chinese enterprise reform.

Capitalist globalisation since the 1980s has produced immense benefits in terms of technical progress, poverty reduction and welfare improvement. However, it has been accompanied by profound contradictions, including ecological destruction, global warming, inequality, concentration of business power, and financial instability. Regulation of global political economy in the interests of the majority of the world's population is essential if the human species is to avoid a Darwinian catastrophe. This book explores China's rich history of regulating the market in the interests of the mass of the population. For over two thousand years the Chinese bureaucracy has sought pragmatically to find a Way in which to integrate the 'invisible hand' of market forces with the 'visible hand' of ethically guided government regulation. Instead of seeking confrontation with China, citizens and politicians in the West need to deepen their understanding of the contribution that China can make to globally sustainable development in the decades and centuries ahead.

From their beginnings as the asylum attendants of the 19th century, mental health nurses have come a long way. This comprehensive volume is the first book in over twenty years to explore the history of mental health nursing, and during this period the landscape has transformed as the large institutions have been replaced by services in the community. McCrae and Nolan examine how the role of mental health nursing has evolved in a social and professional context, brought to life by an abundance of anecdotal accounts. Moving from the early nineteenth to the end of the twentieth century, the book's nine chronologically-ordered chapters follow the development from untrained attendants in the pauper lunatic asylums to the professionally-qualified nurses of the twentieth century, and, finally, consider the rundown and closure of the mental hospitals from nurses' perspectives. Throughout, the argument is made that whilst the training, organisation and environment of mental health nursing has changed, the aim has remained essentially the same: to develop a therapeutic relationship with people in distress. McCrae and Nolan look forward as well as back, and highlight significant messages for the future of mental health care. For mental health nursing to be meaningfully directed, we must first understand the place from which this field has developed. This scholarly but accessible book is aimed at anyone with an interest in mental health or social history, and will also act as a useful resource for policy-makers, managers and mental health workers.

From their beginnings as the asylum attendants of the 19th century, mental health nurses have come a long way. This comprehensive volume is the first book in over twenty years to explore the history of mental health nursing, and during this period the landscape has transformed as the large institutions have been replaced by services in the community. McCrae and Nolan examine how the role of mental health nursing has evolved in a social and professional context, brought to life by an abundance of anecdotal accounts. Moving from the early nineteenth to the end of the twentieth century, the book's nine chronologically-ordered chapters follow the development from untrained attendants in the pauper lunatic asylums to the professionally-qualified nurses of the twentieth century, and, finally, consider the rundown and closure of the mental hospitals from nurses' perspectives. Throughout, the argument is made that whilst the training, organisation and environment of mental health nursing has changed, the aim has remained essentially the same: to develop a therapeutic relationship with people in distress. McCrae and Nolan look forward as well as back, and highlight significant messages for the future of mental health care. For mental health nursing to be meaningfully directed, we must first understand the place from which this field has developed. This scholarly but accessible book is aimed at anyone with an interest in mental health or social history, and will also act as a useful resource for policy-makers, managers and mental health workers.

The foundations of good prescribing are quality engagement with trusted healthcare staff, access to knowledgeable and skilled personnel, and full involvement in decisions about care. Beginning with a discussion of how prescribing practices have evolved, this book then proceeds to outline how non-medical prescribing is now implemented from the perspectives of nurses, pharmacists and allied health professionals. It explores the impact on practice, and integrates the views and experiences of patients and service users, as individuals assume responsibility for their own health and select from a range of treatment options. The findings reported in this book describe the challenges posed by policy initiatives, the implications they have for healthcare personnel, and highlight areas in which further organisational change is required before the full impact of non-medical prescribing will be felt.

'A lively and well written comparison of economic transformation in China and the USSR/Russia, combining a good knowledge of the Chinese economy with a radical critique of Western transition orthodoxy, this very topical and very controversial book will be useful reading for students, administrators in many countries and international agencies, and business people.' - Michael Ellman, University of Amsterdam `Peter Nolan makes a pungent challenge to conventional wisdom by arguing that the Chinese approach to system reform has been vastly more successful than the shock therapy applied to Russia. His book is based on extensive comparison and deep insight into the political economy of both countries.' - John Toye, Institute of Development Studies, Sussex This book is the first attempt to analyse systematically the dramatic contrast in the results of post-Stalinist reform in China and Russia. It argues that there emerged a 'transition orthodoxy' about how to reform the communist systems of political economy. However, it was deeply flawed. The advice which flowed from this orthodoxy was the primary cause of the Soviet disaster. The decision not to follow it was the main reason for China's enormous success in its reform programme.

The mainstream view of the way in which best to transform the communist economies was that there should be a rapid transition to a free market economy and political democracy. The articles in this book challenge this view. They do so from the standpoint of economic and political theory, and from an evaluation of the comparative experience of different reforming countries in Europe and Asia. This book represents the first systematic attempt to try to explain the dramatic contrast in outcome between reforming countries that have pursued comprehensive system reform and those that have pursued cautious, experimental strategies.