Economic reform in the PRC: in which China's economists make known what went wrong, why, and what should be done about it PDF
Preview Economic reform in the PRC: in which China's economists make known what went wrong, why, and what should be done about it
SEMINOLE COMMUNITY COLLEGE LIBRARY | HC427.9 .E34 1982 000 Economic reform in the PR 260101 3 560 00058225 8 n the PRC Which China’s Economists Make nom What Went Wrong, Why, and What Should Be Done About It id and translated py ueorge C, Wang ECONOMIC REFORM IN THE PRC Also of Interest t China’s Economic Development: Growth and Structural Change, Chu- yuan Cheng t China Briefing, 1981, edited by Robert B. Oxnam and Richard C. Bush t The Chinese Agricultural Economy, edited by Randolph Barker and Radha P. Sinha t Food for One Billion: China’s Agriculture Since 1949, Robert C. Hsu t China: A Political History, 1917-1980, Fully Revised and Updated Edition, Richard C. Thornton t China Among the Nations of the Pacific, edited by Harrison Brown t China in World Affairs: The Foreign Policy of the PRC Since 1970, Golam W. Choudhury Technology, Politics, and Society in China, Rudi Volti t China’s Four Modernizations: The New Technological Revolution, edited by Richard Baum Urban Development in Modern China, edited by Laurence J. C. Ma and Edward W. Hanten Foreign Intervention and China’s Economic Development, 1870-1911, Stephen C. Thomas The Chinese Ministry of Foreign Affairs, 1968-1980: Revolutionary Politics Versus Continuity, Daniel Tretiak China Geographer: No. 11: Agriculture, edited by Clifton W. Pannell and Christopher Salter t The Chinese Military System: An Organizational Study of the Chinese People’s Liberation Army, Second, Revised Edition, Harvey W. Nelsen t Huadong: The Story of a Chinese People’s Commune, Gordon Bennett t China, the Soviet Union, and the West: Strategic and Political Dimen¬ sions for the 1980s, edited by Douglas T. Stuart and William T. Tow Technology, Defense, and External Relations in China, 1975-1978, Harry G. Gelber t Available in hardcover and paperback. Westview Special Studies on China and East Asia Economic Reform in the PRC: In Which China's Economists Make Known What Went Wrong, Why, and What Should Be Done About It edited and translated by George C. Wang In February 1978, the post-Mao leadership revealed an ambitious ten-year program (1976-1985) with a $600 million capital outlay, aimed at propelling China into the front ranks of the industrialized na¬ tions by the year 2000 through the modernization of agriculture, in¬ dustry, science and technology, and defense. The new leadership soon realized that such a program could hardly be implemented without reforming China's economic system, which —modeled in the 1950s after that of the USSR —has been plagued by structural imbalance, inef¬ ficient management, and an overcommitment of resources to capital construction projects. By the end of 1978, a policy of "readjustment, consolidation, restructuring, and improvement of the economy" had been introduced. In this book, distinguished Chinese economists offer candid analyses of the strengths and weaknesses of the present system. Their lucid and penetrating comments on the virtues —and drawbacks —of that system lend insight to our comprehension of China's economic problems and the country's prospects for the future. Each article is based on firsthand information and data, much of which is available here (in English) for the first time. George C. Wang is a professor in the School of Management and the Department of Economics, California State University, Dominguez Hills. While he was a Fulbright Senior Fellow and visiting professor at Hong Kong University, he conducted seminars at the Chinese Academy of Social Sciences in Beijing. Dr. Wang is author of Fun¬ damentals of Political Economy (1977) and An Outline of the Compila¬ tion Work for an Input-Output Table for the People’s Republic of China (1956). . = ECONOMIC REFORM IN THE PRC In Which China's Economists Make Known What Went Wrong, Why, and What Should Be Done About It edited and translated by George C. Wang LIBRARY SEMINOLE COMMUNITY COLLEGE REC. SEP 10 1984 SANFORD, FLORIDA' 32771 Westview Press / Boulder, Colorado Westview Special Studies on China and East Asia All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without permission in writing from the publisher. Copyright ® 1982 by Westview Press, Inc. Published in 1982 in the United States of America by Westview Press, Inc. 5500 Central Avenue Boulder, Colorado 80301 Frederick A. Praeger, President and Publisher Library of Congress Cataloging in Publication Data Economic reform in the PRC. Bibliography: p. Includes index. Contents: China's economy in retrospect and prospects / Xue Muqiao —The system of economic management in a socialist country / Xue Muqiao — China's modernization and the prospects for its economy / Xu Dixin—[etc.] 1. China —Economic conditions—1949-1976 —Addresses, essays, lectures. 2. China — Economic conditions— 1976- —Addresses, essays, lectures. 3. China- Economic policy—1949-1976 —Addresses, essays, lectures. 4. China —Economic policy—1976- —Addresses, essays, lectures. I. Wang, George C. HC427.9.E34 338.951 82-4914 ISBN 0-86531-348-2 AACR2 ISBN 0-86531-349-0 (pbk.) Printed and bound in the United States of America To: Jo Anne Pearl Andrew Kenneth James Joan ■
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