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Capitalizing China
La 4e de couverture indique : "Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist features disguise the profoundly unfamiliar foundations of "market socialism with Chinese characteristics." The Chinese Communist Party (CCP), by controlling the career advancement of all senior personnel in all regulatory agencies, all state-owned enterprises (SOEs), and virtually all major financial institutions state-owned enterprises (SOEs), and senior Party positions in all but the smallest non-SOE enterprises, retains sole possession of Lenin's Commanding Heights. The chapters in this volume examine China's high savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and consider policy alternatives the CCP might consider if its goal is China's elevation into the ranks of high income countries."
Human capital and structural transformation: Quasi-experimental evidence from Indonesia
This paper provides quasi-experimental evidence on the long-term causal effect of increases in human capital on participation in agriculture. We use variation in male educational attainment generated by Indonesia’s Sekolah Dasar INPRES program, one of the largest ever school building programs. Consistent with the first evaluation [Duflo, 2001], we find that males exposed to a higher program intensity have improved measures of human capital as adults. We then show that treated cohorts are more likely to be employed outside of agriculture–particularly in industry–and less likely to be agricultural workers. Then, exploiting variation in exposure across adjacent districts, we demonstrate that higher INPRES intensity in neighboring districts decreases non-agricultural employment and earnings, consistent with cross-district spillovers mediating the total impacts. Together, the results suggest that government investment in human capital can have profound effects on the rural economy and may help to accelerate shifts away from agriculture.
Chinese Macroeconomy
This book deploys quantitative methods to focus on the operation of the Chinese economy as a whole since the reforms in 1978, by combining a range of mathematical, algorithmic and computational methods to analyze rich empirical data, seeking to demonstrate the long-term economic trends and dynamics of economic growth and fluctuations in China. To answer the core question of how the Chinese economy became what it is, the author draws on dynamic stochastic general equilibrium (DSGE) modeling and calibration, while also exploring microfoundations to reveal optimization behavior within a context of economic change at the macrolevel. The book examines internal shocks in the Chinese economic syste...
China's Developmental Miracle
In contrast to the failure to economic reforms in Eastern Europe, China's economic reforms have been quite successful. Decollectivization, marketization, state enterprise reforms, and reintegration into the world economy have led to very rapid economic development in China over the past two decades. These economic reforms, in turn, triggered profound social and political changes. This collection examines the origins, nature, and impact, as well as the future prospects of these reforms and changes. The contributors are all active researchers from a variety of disciplines, including economics, sociology, political science, and geography.
Policy Reform and Chinese Markets
The diverse contributors to this book provide a unique set of essays that evaluate legal, regulatory, and economic aspects of China¿s transition from planned to market economy.
Bipolar Orders
North Korea and South Korea are never far from the news headlines - one for the alleged danger it poses to the world, the other for its apparent capitalist success story. In Bipolar Orders, Hyung Gu Lynn analyzes the processes driving both countries since the 1980s. North Korea has experienced severe economic deterioration and increasing international isolation, while South Korea has undergone democratization and witnessed the emergence of a vibrant consumer culture. Paradoxically, this growing gap in ideologies and material standards has led to improved relations between the two countries. Why has this counterintuitive development occurred? Is North Korea really a threat, and if so, for whom? This book provides a substantive, accessible, and timely examination of the complex and compelling histories of the two Koreas.
Cultures in Contact
A landmark work on human migration around the globe, Cultures in Contact provides a history of the world told through the movements of its people. It is a broad, pioneering interpretation of the scope, patterns, and consequences of human migrations over the past ten centuries. In this magnum opus thirty years in the making, Dirk Hoerder reconceptualizes the history of migration and immigration, establishing that societal transformation cannot be understood without taking into account the impact of migrations and, indeed, that mobility is more characteristic of human behavior than is stasis. Signaling a major paradigm shift, Cultures in Contact creates an English-language map of human movemen...
Education and Society in Post-Mao China
The post-Mao period has witnessed rapid social and economic transformation in all walks of Chinese life – much of it fuelled by, or reflected in, changes to the country’s education system. This book analyses the development of that system since the abandonment of radical Maoism and the inauguration of ‘Reform and Opening’ in the late 1970s. The principal focus is on formal education in schools and conventional institutions of tertiary education, but there is also some discussion of preschools, vocational training, and learning in non-formal contexts. The book begins with a discussion of the historical and comparative context for evaluating China’s educational ‘achievements’, fo...
Governing Rapid Growth in China
This volume brings together a collection of the best available analyses of China’s problems in governing rapid growth, focusing on equity and institutions, from well respected Chinese and non-Chinese scholars.
Crouching Dragon, Hidden Tiger
The media is feeding on the boastful self-confidence of a newly invigorated entrepreneurial class in India, and on the growing irritation with the Indian upstart in the Chinese leadership. To say these two countries will dominate the global economy in 50 years if they stay on their present trajectories is undoubtedly true. But to take for granted that they will succeed in doing so is naive. Both countries are in the early stages of transformation from pre-capitalist to capitalist societies and this transition is, by its very nature, jarring. The transition closes old avenues of progress and opens new ones, creating new winners and new losers by the hundreds of thousands. The faster the rate of economic change, the less time given to existing social institutions to adapt, and the greater, therefore, is the propensity for violent change. This book examines the interaction of economic with political and social change in China and India as they have progressed down the road to capitalism. It examines the social and political conflicts that the market has unleashed, and the success and failure of the countries in trying to contain it.
