Protection is a persistent feature of economic policy in developed and developing countries alike. However, it is now widely accepted that high protection holds back economic growth. Why is protection so pervasive when it is widely recognised to be against the national interest of the countries which impose it? This contradiction is the focus of this important volume, first published in 1986. Economists from the Philippines, Thailand, Malaysia, Singapore and Australia have written about their countries and draw conclusions on the causes of protection from statistical analysis and from interindustry structure.

This book discusses the key issues in private sector development in China and includes:
· An overview of the development of private enterprises in China
· Analysis of the development and emerging paths toward private enterprise
· Examination of the business environment in which private enterprises operate
· How the legal environment has changed through economic reform
· Managerial capabilities and state-business interactions
· Suggestions of policy recommendations
Perhaps controversially, the contributors suggest that private sector development is necessary to maintain the dynamism of the Chinese economy and create greater employment opportunities. China's Third Economic Transformation will appeal to scholars of Asian Economics and business who are interested in the rapid growth of the private sector in China.

Contents:
List of figures
List of tables
List of contributors
Preface
Abbreviations
Part I: Private Enterprise Development: Overview
1. Private Enterprise in China: Development, Constraints and Policy Implications Ross Garnaut and Ligang Song
2. The Contribution of the Non-State Sector to China's Economic Growth Xiaolu Wang
Part II: Paths Towards Emerging Private Enterprise
3. Emerging Private Enterprise in China: Transitional Paths and Implications Ligang Song
4. Private Enterprise Development in rural China Yiping Huang, Fang Cai and Tina Chen
5. Privatisation and Economic Performance in China Xiaowen Tian
6. SOE Reform and Private Sector Development in China Yongzheng Yang
7. Privatising the small SOEs Yang Yao
8. The Impact of Foreign Direct Investment on China's Economy Chunlai Chen and Christopher Findlay
Part III: Market Reform and the Business Environment
9. Financing the Private Sector On Kit Tam
10. Financing Small and Micro-Enterprises in Rural Areas Enjiang Cheng
11. Private Sector Development and the Labour Market Reform Xin Meng
12. Private Enterprises and the Law Jian Fu
13. Contract Disputes and Court Verdicts involving Chinese Private Enterprises Rongshu Ke and Weiying Zhang
Part IV: Governance and Innovation
14. Governance and Management John Child and Hubertus Pleister
15. State-business Interaction in the IT Sector Bennis Wai-Yip So
Conclusion
16. Correcting Constraints to Private Enterprise Development: Lessons from a Private Sector Survey Ross Garnaut and Ligang Song
Index

The current economic crisis in East Asia is unprecedented in world economic history. It seemed the economic strength of the region, until very recently, would just keep growing. Now, the macroeconomic achievements of Asia are under threat and the economies of North America and Europe are feeling the results. This book brings together the thoughts of experts on the Asian economy and provides a broad and thorough analysis of the situation. It provides case studies from 14 countries in the region, how the crisis developed and affected them, and the response from governments. There are other non-country specific chapters with a strong theoretical content which address issues such as causation, how such a crisis should be handled, how it might be avoided in the future, and the likely implications for on-going deregulatory and other economic reforms. This is an account of one of the most extraordinary economic events and provides a broad synthesis of case studies and theoretical approaches from a variety of researchers with an knowledge of the region.

The current economic crisis in East Asia is unprecedented in world economic history. It seemed the economic strength of the region, until very recently, would just keep growing. Now, the macroeconomic achievements of Asia are under threat and the economies of North America and Europe are feeling the results. This book brings together the thoughts of leading experts on the Asian economy and provides a broad and thorough analysis of the situation. It provides case studies from fourteen countries in the region, how the crisis developed and affected them, and the response from governments. There are other non-country specific chapters with a strong theoretical content which address issues such as causation, how such a crisis should be handled, how it might be avoided in the future, and the likely implications for on-going deregulatory and other economic reforms. This is an important authoritative account of one of the most extraordinary economic events and provides a broad synthesis of case studies and theoretical approaches from a variety of researchers with an intimate knowledge of the region.

Protection is a persistent feature of economic policy in developed and developing countries alike. However, it is now widely accepted that high protection holds back economic growth. Why is protection so pervasive when it is widely recognised to be against the national interest of the countries which impose it? This contradiction is the focus of this important volume, first published in 1986. Economists from the Philippines, Thailand, Malaysia, Singapore and Australia have written about their countries and draw conclusions on the causes of protection from statistical analysis and from interindustry structure.

In this update to the 2008 Garnaut Climate Change Review, Ross Garnaut re-examines the case for action in the aftermath of the global financial crisis and recent developments by major countries to reduce emissions and prepare for a low-carbon future. He guides the reader through the climate change debate, and explains why Australia's contribution is vital to the national interest and matters to the global effort. He outlines a set of policies through which Australia can contribute its fair share without damaging Australian prosperity. The Garnaut Review 2011: Australia in the Global Response to Climate Change extends the analysis to contemporary economic, political and environmental conditions in a way that is clear and easy to understand. It is an essential resource for all who care about the future of our economy and environment. Ross Garnaut AO is a Vice Chancellor's Fellow and Professorial Fellow in Economics at the University of Melbourne

Professor Ross Garnaut was commissioned by all of the Governments of Australia's Federation to examine the impacts of climate change on Australia and to recommend policy frameworks to improve the prospects of sustainable prosperity. The Garnaut Climate Change Review is one of the most important reports to be published in Australia for many years. It examines the impacts of climate change on the Australian economy, the costs of adaptation and mitigation, and the international context in which climate change is experienced and negotiated. It analyses the elements of an appropriate international policy response, and the challenges that face Australia in playing its proportionate part in that response. The Garnaut Climate Change Review is highly relevant to the global problem that is climate change. It considers what policies the international community should adopt in responding to climate change, and urges humanity to act now, and in concert, to develop the required policy response in time.

This book, first published in 1995, looks at the East Asian economies' post-war development and assesses the possibilities of transferring East Asian development elsewhere. Written and edited by economists, Sustaining Export-Oriented Development traces the changes in the thinking of policy makers and advisers about the policies required for economic development - especially the changed emphasis from import-substitution to outward-orientation which coincided with the East Asian economies' success. Several contributors focus on identifying the key factors in the growth of these dynamic economies. Others look at future constraints such as the environmental limits to growth and the sustainability of export growth in China. This book makes a significant contribution to the discussion of economic growth and development issues and will be of interest to those in economics, trade and aid, and others concerned with public policy.

This book, first published in 1995, looks at the East Asian economies' post-war development and assesses the possibilities of transferring East Asian development elsewhere. Written and edited by economists, Sustaining Export-Oriented Development traces the changes in the thinking of policy makers and advisers about the policies required for economic development - especially the changed emphasis from import-substitution to outward-orientation which coincided with the East Asian economies' success. Several contributors focus on identifying the key factors in the growth of these dynamic economies. Others look at future constraints such as the environmental limits to growth and the sustainability of export growth in China. This book makes a significant contribution to the discussion of economic growth and development issues and will be of interest to those in economics, trade and aid, and others concerned with public policy.

A blueprint for the nation after the boom.
Australians have just lived through a period of exceptional prosperity, but, says influential economist Ross Garnaut, the Dog Days are on their way. Are we ready for the challenges ahead?
In "Dog Days," Garnaut explains how we got here, what we can expect next and the tough choices we need to make to survive the new economic conditions. Are we clever enough - and our leaders courageous enough - to change what needs to be changed and preserve a fair and prosperous Australia?
This is a book about the future by a leading adviser to government and business, someone with a proven record of seeing where the nation is going. Both forecast and analysis, it heralds a new era for Australia after the boom.
'a must-read for anyone concerned with the economic and social future of Australia'-Bob Hawke
'a brilliant guide to the future of the Australian economy'-Max Corden
'the nation's most prophetic economist'-Ross Gittins
Ross Garnaut is one of Australia's leading economists. He is Vice-Chancellor's Fellow and Professorial Research Fellow in Economics at the University of Melbourne and Distinguished Professor of Economics at the Australian National University. He was a key economic adviser to the reforming Hawke government. Garnaut has held senior roles in government and business, including as Australian Ambassador to China and author of the Garnaut Climate Change Review.

China's economic reform not only significantly improved the living conditions of the Chinese people but also provides a useful model of economic transition from central planning to a market economy. How did the Chinese economic reform succeed? What are the issues still to be addressed? And what are the lessons? This volume brings together thirty articles by prominent economists in the field of Chinese economic studies. It offers authoritative and thorough assessment and analyses of the Chinese experiences during the reform period.

The great crash of 2008 was one that no one saw coming, or, if they did, they ignored the warning signs. Ross Garnaut, respected economist and author of the ""Garnaut Climate Change Review"", takes us through the recent boom and the global imbalances that led to the bust. He presents a whole-world view of reasons for the downturn, from good, old-fashioned greed and rampant speculation, to the imbalances in global capital flows. Crucially, he sets out how we might seek order in the wreckage in a world forever changed. What are the geo-economic and geo-strategic implications of such a wide-ranging crash, and how do we restore development in this changed world? The book will also include the impact of the downturn on climate change, economic policy and ideology.