A common theme in the analysis of the contemporary Chinese economy is that the Chinese state owned enterprises fail to operate efficiently because of ambiguous property rights, soft budget constraints, and government intervention. These authors advocate an economic reform program based on large-scale privatization. This monograph advances an alternative perspective on the state owned enterprises. It argues that the state owned enterprises have made an important contribution to Chinas macroeconomic stability. In the Chinese context, the state owned enterprise sector must be sufficiently large...
A common theme in the analysis of the contemporary Chinese economy is that the Chinese state owned enterprises fail to operate efficiently because of ...
In recent years, China has become a major actor in the global economy, making a remarkable switch from a planned and egalitarian socialism to a simultaneously wide-open and tightly controlled market economy. Against the establishment wisdom, Minqi Li argues in this provocative and startling book that far from strengthening capitalism, China s full integration into the world capitalist system will, in fact and in the not too distant future, bring about its demise. The author tells us that historically the spread and growth of capitalist economies has required low wages, taxation, and...
In recent years, China has become a major actor in the global economy, making a remarkable switch from a planned and egalitarian socialism to a sim...
This book studies the limits imposed by the depletion of fossil fuels and the requirements of climate stabilization on economic growth with a focus on China. The book intends to examine the potentials of various energy resources, including oil, natural gas, coal, nuclear, wind, solar, and other renewables, as well as energy efficiency. Unlike many other books on the subject, this book intends to argue that, despite the large potentials of renewable energies and energy efficiency, economic growth eventually will have to be brought to an end as China and the world undertake the transition...
This book studies the limits imposed by the depletion of fossil fuels and the requirements of climate stabilization on economic growth with a focus...
Most discussions of the global financial crisis take the United States as their focus, both for analyzing what went wrong and for making plans to avoid similar mistakes in the future. But that may not be the case next time: as Minq Li argues convincingly in China and the Twenty-first-Century Crisis, by the time of inevitable next crisis, China will likely be at the epicenter. Li roots his argument in an analysis of the political and economic imbalances in China that would exacerbate a crisis, and possibly even precipitate a full collapse--and he shows in detail the reasons why...
Most discussions of the global financial crisis take the United States as their focus, both for analyzing what went wrong and for making plans to avoi...
Most discussions of the global financial crisis take the United States as their focus, both for analyzing what went wrong and for making plans to avoid similar mistakes in the future. But that may not be the case next time: as Minq Li argues convincingly in China and the Twenty-first-Century Crisis, by the time of inevitable next crisis, China will likely be at the epicenter. Li roots his argument in an analysis of the political and economic imbalances in China that would exacerbate a crisis, and possibly even precipitate a full collapse--and he shows in detail the reasons why...
Most discussions of the global financial crisis take the United States as their focus, both for analyzing what went wrong and for making plans to avoi...
