Capitalism with Chinese Characteristics: Entrepreneurship and the State
- Release Date: 11/12/2008
- Country of Issue: United Kingdom
- Category: Academic and professional books
Yasheng Huang turns conventional thinking about the widely held attitudes to business in contemporary China.
The book presents a story of two Chinas – an entrepreneurial rural China and a state-controlled urban China. In the 1980s, rural China gained the upper hand, while in the 1990s, urban China triumphed. Also in the 1990s, the Chinese state reversed many of its rural experiments with long-lasting damage to the economy and society.
The author identifies a weak financial sector, income disparity, rising illiteracy, productivity slowdowns, and reduced personal income growth as the products of the capitalism with Chinese characteristics of the 1990s and beyond. While GDP grew quickly in both decades, the welfare implications of growth differed substantially. Huang uses the emerging Indian miracle to debunk the widespread notion that democracy is automatically anti-growth.
As the country marks the thirtieth anniversary of its reforms in 2008, China faces some of its toughest economic challenges and substantial vulnerabilities that require fundamental institutional reforms.
Features include:
- In-depth examination of data and archival documents never previously examined by Western academics
- a very different interpretation of China’s economic reforms from the conventional wisdom
- Focusing on a vitally important topic - private entrepreneurship - that has not received sufficient attention in studies of China’s economy
Contents
1. Just how capitalist is China?2. The entrepreneurial decade
3. A great reversal
4. What is wrong with Shanghai?
5. Capitalism with Chinese characteristics
ENDS
Notes for Editors
About the Author
Professor Yasheng Huang teaches political economy and international management at Sloan School of Management, Massachusetts Institute of Technology. His previous appointments include faculty positions at the University of Michigan and at Harvard Business School. He was also a consultant to the World Bank.
At MIT Sloan School, Professor Huang founded and runs China Lab and India Lab, which aim at helping entrepreneurs in China and India improve their management. He has held or received prestigious fellowships such as National Fellowship at Stanford University and Social Science Research Council-MacArthur Fellowship. He is a member of MIT Entrepreneurship Center, a fellow at Center for Chinese Economic Research and Center for China in the World Economy at Tsinghua University, a fellow at William Davidson Institute at Michigan Business School, and a World Economic Forum Fellow.
About Cambridge University Press
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