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 | | Inflation and Investment Controls in China: The Political Economy of Central-Local Relations during the Reform Era by Yasheng Huang ISBN-10: 9780521554831 ISBN-10: 0-521-55483-7 ISBN-13: 9780521554831 ISBN-13: 978-0-521-55483-1 Hardcover 1996-06-28 Cambridge University Press Find Lowest Price |
Editorials | ||
Product Description This book analyzes why local officials in China comply with investment-reduction and inflation-control policies of the central government against their own economic interests. The book shows the importance of political institutions, and provides a political story as to why China has been able to control inflation and to deepen reforms, in contrast to the former Soviet Union. While most other studies focus on the economic or political aspects, Inflation and Investment Controls in China integrates political and economic analysis. | ||
Book Description The main purpose of this book is to analyze why local officials in China comply with investment-reduction and inflation-control policies of the central government against their own economic interests. The book shows the importance of political institutions, and provides a political story as to why China has been able to control inflation and to deepen reforms, in contrast to the former Soviet Union. While most other studies focus on the economic or political aspects, this book integrates political and economic analysis. | ||
Reviews | ||
Breaking new ground Many observers of China have interpreted the decentralization of economic authority to local governments as representing a loss of power for the central government. In this book, Huang carefully lays out the objectives of politicians at the central and provincial levels, and the control systems available to the center. He then uses economic data on inflation and investment to demonstrate that, at least for this one aspect, the central government has in fact been able to use its political tools to rein in provincial leaders when necessary. | ||