The greatest economic challenge facing China in the post-Deng era is
the reform of unprofitable, state-owned enterprises (SOEs) which
threaten to drag down the rest of the economy. Despite an array of
well-intentioned, market-oriented reform measures, these firms have
never truly been forced to face the pressure of a bottom line, or the
threat of bankruptcy. Forging Reform in China explains how and why
these measures have not been sweepingly successful to date, and what
it would take to achieve meaningful reform. The author investigates
firm-level processes, including case studies of China's steel industry
giants, revealing institutional and systemic barriers to
market-oriented performance. This book makes a compelling argument
that private ownership cannot work in China's current system until
governance over complex economic factors has been established, that
is, until credit is tightened and market selection processes made to
work.
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Produktdetaljer
ISBN
9780511825354
Publisert
2013
Utgave
1. utgave
Utgiver
Vendor
Cambridge University Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter