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How China became capitalist

By: Contributor(s): Material type: TextTextPublication details: Hampshire Palgrave Macmillan 2013Description: xi, 256 pISBN:
  • 9781137351432
Subject(s): DDC classification:
  • 330.1220951 C6H6
Summary: How China Became Capitalist details the extraordinary, and often unanticipated, journey that China has taken over the past thirty five years in transforming itself from a closed agrarian socialist economy to an indomitable economic force in the international arena. The authors revitalise the debate around the rise of the Chinese economy through the use of primary sources, persuasively arguing that the reforms implemented by the Chinese leaders did not represent a concerted attempt to create a capitalist economy, and that it was 'marginal revolutions' that introduced the market and entrepreneurship back to China. Lessons from the West were guided by the traditional Chinese principle of 'seeking truth from facts'. By turning to capitalism, China re-embraced her own cultural roots. How China Became Capitalist challenges received wisdom about the future of the Chinese economy, warning that while China has enormous potential for further growth, the future is clouded by the government's monopoly of ideas and power. Coase and Wang argue that the development of a market for ideas – which has a long and revered tradition in China – would be integral in bringing about the Chinese dream of social harmony. (http://www.palgrave.com/page/detail/How-China-Became-Capitalist/?sf1=barcode&st1=9781137351432)
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Item type Current library Item location Collection Shelving location Call number Status Date due Barcode
Books Vikram Sarabhai Library Rack 15-B / Slot 554 (0 Floor, West Wing) Non-fiction General Stacks 330.1220951 C6H6 (Browse shelf(Opens below)) Available 190664

Table of contents:

1. China at the Death of Mao
2. China in Transition
3. How China's Market Reform Began
4. A Bird in the Cage: Market Reform Under Socialism
5. Growing out of Socialism: Capitalism with Chinese Characteristics
6. From Capitalism to Capitalisms


How China Became Capitalist details the extraordinary, and often unanticipated, journey that China has taken over the past thirty five years in transforming itself from a closed agrarian socialist economy to an indomitable economic force in the international arena.

The authors revitalise the debate around the rise of the Chinese economy through the use of primary sources, persuasively arguing that the reforms implemented by the Chinese leaders did not represent a concerted attempt to create a capitalist economy, and that it was 'marginal revolutions' that introduced the market and entrepreneurship back to China. Lessons from the West were guided by the traditional Chinese principle of 'seeking truth from facts'. By turning to capitalism, China re-embraced her own cultural roots.

How China Became Capitalist challenges received wisdom about the future of the Chinese economy, warning that while China has enormous potential for further growth, the future is clouded by the government's monopoly of ideas and power. Coase and Wang argue that the development of a market for ideas – which has a long and revered tradition in China – would be integral in bringing about the Chinese dream of social harmony.

(http://www.palgrave.com/page/detail/How-China-Became-Capitalist/?sf1=barcode&st1=9781137351432)

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