The Chinese Economy in Transition: Micro Changes and Macro Implications

"Will China be able to preserve the momentum of its economic reform in the post Deng Xiaoping era? Will her rising regionalism lead to internal chaos and warlordism? Is China's central government capable of acquiring the much needed policy instruments to maintain macroeconomic stability? This book seeks to answer these questions by adopting the Public Choice approach to analyse the complex ways in which China's political processes affect economic outcomes during its transition towards the market." "The author describes how macro-level policy initiatives affect the behaviour of micro-level actors such as households, enterprises, and localities, and how micro-level behaviour changes in large numbers become unorganised yet powerful collective actions, which in turn send strong signals to macro-level policy makers and thus change the state's policy orientations and result in new state-society relationships. The author argues that new incentives are thereby created and new interest groups are generated to sustain those changes and demand further reform, thus making the market transition an irreversible process."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved