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Capitalism with Chinese Characteristics: Entrepreneurship and the State
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Capitalism with Chinese Characteristics: Entrepreneurship and the State

3.94 of 5 stars 3.94  ·  rating details  ·  97 ratings  ·  7 reviews
An Economist Book of the Year, 2008 This 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, and the result was rapid as well as broad-based growth. In the 1990s, urban China triumphed. In the 1990s, the Chinese state reversed many of its productive rural experiments, with l ...more
Hardcover, 348 pages
Published September 1st 2008 by Cambridge University Press (first published 2008)
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Chris
A strong alternative narrative of Chinese economic growth and policy of the last 30 years. To date, the dominant story has been that of Dani Rodrik, et. al. of gradual policy reform that avoided the ills of neoliberal privatization through smart heterodox reform. This narrative adds some wrinkles to the story. While the 80s are still celebrated as creating important spaces for rural entrepreneurialism that supported pro-poor growth, the 90s are portrayed as a a period of illiberal regression. Sh ...more
xhxhx
Feb 06, 2015 xhxhx rated it 5 of 5 stars
Shelves: china
Very good.

Chinese growth in the 1980s depended on rural entrepreneurship, market-directed purchases, and local innovation. After 1989, when the reformist Zhao Ziyang was purged from the leadership, policy changes at the center made China more dependent on urban growth, financed at below-market rates by state banks. (See Walter and Howie's Red Capitalism (2011).)

A generation of Shanghai-bred leaders, including former General Secretary Jiang Zemin, encouraged foreign direct investment, but blocke
...more
Pavel
One of the most difficult books I ever read. What made this challenging is a lot of data and lack of smoothness in the text on the micro level.

The book does cover a lot of ground in terms of time (~30 years) and the whole of China, presenting a very different view of the Chinese economy compared to what we are presented with usually: although GDP is growing quickly, the life of most people either did not improve or got worse. The book shows a lot of data, and although I did not agree with some i
...more
Richard
Well-researched story of the real, market-oriented reasons China succeed in its reform era. Says the government's main role was to get out of the way, and growth was better before the post-Tiananmen state changes.
Lee
Great, but there is a lot of economic material to tackle if you are not an economist. Still worth it, just be prepared.
David Freeman
one of my favorite topics. not light reading, but dead on.
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