Forging Reform in China: The Fate of State-Owned Industry (Cambridge Modern China Series) - Image 1

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Cambridge University Press Forging Reform in China: The Fate of State-Owned Industry (Cambridge Modern China Series)

Name: Forging Reform in China: The Fate of State-Owned Industry (Cambridge Modern China Series)
Brand: Cambridge University Press
Price: 93.56 GBP
Availability: InStock

Business & Economic History

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Description

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.

Product Specifications

Brand: Cambridge University Press
Format: Hardcover
ASIN: 0521633354
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 28 July 1998
Listed Since: 22 January 2007

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Cambridge University Press Forging Reform in China: The Fate of State-Owned Industry (Cambridge Modern China Series)

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