This book argues that, contrary to the widely-held view that the Chinese economy was insulated from international capital flows, and thereby from the 1998 Asian financial crisis, the Chinese economy (especially the financial system of the Guangdong province adjacent to Hong Kong) was deeply enmeshed in the international system, and that the Chinese government succeeded in containing the crisis with difficulty. Besides showing how the crisis was contained, the book sheds a great deal of light on China's emerging financial institutions, which, the author alleges, were in 1998 'pervaded by...

This book tells the story of China's emergence as a major economic power and the huge impact this will have on world business. Over the last five years Peter Nolan has conducted a major investigation into Chinese industry, its economic structure, and the opportunities for growth in the future. As one of just four world experts invited by the Chinese Government to consult on their application to joint the World Trade Organisation he has worked closely with the heads of Chinese industry and with many foreign multinationals operating in China. China and the Global Economy is an executive summary...

Industrial Policy in the Era of Globalization. Peter Nolan, leading expert on the Chinese economy, analyses the true nature of Chinese firms and their place in Chinas growing global economy in this book. Nolan argues that whilst Chinese films appear highly successful, in reality they are at a relatively early stage of development in contrast to Western firms, with comparatively low research and development expenditure, and high reliance on domestic markets. The book explores key sectors of the economy, and discusses the dilemmas for China in formulating the next stage of its industrial policy.

China has become the world's second biggest economy and its largest exporter. It possesses the world's largest foreign exchange reserves and has 29 companies in the FT 500 list of the world's largest companies. 'China's Rise' preoccupies the global media, which regularly carry articles suggesting that it is using its financial resources to 'buy the world'.

Is there any truth to this idea? Or is this just scaremongering by Western commentators who have little interest in a balanced presentation of China's role in the global political economy?

In this short book Peter Nolan - one of...

This text provides a unique examination of the relationship between the state and market in China's economic development over several centuries. Its analysis is situated in the wider context of debates about technical progress in the pre-modern world, about the impact of Western imperialism, about the role of the state in the economic development of poor countries and in the transition of former communist countries from Stalinist systems of political economy. Peter Nolan is the co-author of Re-thinking Social Economics and author of The Political Economy of Collective Farms.

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.