Inflation and Investment Controls in China: The Political Economy of Central-Local Relations during the Reform Era - Image 1

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Cambridge University Press Inflation and Investment Controls in China: The Political Economy of Central-Local Relations during the Reform Era

Name: Inflation and Investment Controls in China: The Political Economy of Central-Local Relations during the Reform Era
Brand: Cambridge University Press
Price: 29.05 GBP
Availability: InStock

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Description

How has the Chinese central government been able to avoid the crippling hyperinflation that has bedeviled so many developing and centrally planned economies? China's unique, de facto federalism, Huang argues - a combination of economic and fiscal decentralization and strong political centralization - has spurred economic growth and allowed political institutions to impose restraints on inflation from the top down. Focusing on central-local relations and the controlling role of political institutions, Yasheng Huang explains why local Chinese officials comply, even against their own economic interests, with the investment-reduction and inflation-control policies of the central government. Drawing upon institutional economics, he hypothesizes that the central government's powerful role in appointing and firing bureaucrats at the local level helps to reconcile some of the central-local economic policy differences. Huang uses systematic data analysis to test this proposition. This book also offers detailed descriptions of the roles of local governments in economic and investment management.

Product Specifications

Brand: Cambridge University Press
Format: paperback
ASIN: 0521665736
Category: Books > Subjects > Business, Finance & Law > Professional Finance > Public
Domain: Amazon UK
Release Date: 13 November 1999
Listed Since: 02 February 2007

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Cambridge University Press Inflation and Investment Controls in China: The Political Economy of Central-Local Relations during the Reform Era

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