Books
- Forging Reform in China: The Fate of State-Owned Industry
- Business Statistics of the United States, 2004 (Business Statistics of the United States)
- American Economic Development Since 1945: Growth, Decline and Rejuvenation
- Making Room: The Economics of Homelessness
- Progress and Poverty: An Economic and Social History of Britain, 1700-1850
- The Futures of European Capitalism
- Economics of Income Redistribution (Studies in Public Choice, No 11)
- The Articulated Peasant: Household Economies in the Andes
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- Confronting Development: Assessing Mexico's Economic and Social Policy Challenges
- Russia's Virtual Economy
- Growth and Productivity in East Asia (National Bureau of Economic Research-East Asia Seminar on Economics)
- Sharing the Pie : A Citizen's Guide to Wealth and Power
- Mammon and the Pursuit of Empire : The Political Economy of British Imperialism, 1860-1912 (Interdisciplinary Perspectives on Modern History) [ABRIDGED]
- The State of Working America 2000-2001
- Wealth and Freedom: Taiwan's New Political Economy
- Farm to Factory : A Reinterpretation of the Soviet Industrial Revolution (Princeton Economic History of the Western World)
- Behind the Scenes at the WTO : The Real World of International Trade Negotiations, Updated Edition
- The Sun Also Sets: The Limits to Japan's Economic Power
- The Asian Financial Crisis: New International Financial Architecture : Crisis, Reform and Recovery
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- Kim Il-song's North Korea:
Average customer rating:
- Different opinion, but still a great book
- unique but also very biased
- Insightful and original
- Unique theory of the state owned enterprise problem
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Forging Reform in China: The Fate of State-Owned Industry
Edward S. Steinfeld
Manufacturer: Cambridge University Press
ProductGroup: Book
Binding: Paperback
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ASIN: 0521778611 |
Book Description
The greatest economic challenge facing China in the post-Deng era is the reform of unprofitable, state-owned enterprises that 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 well-intentioned, market-oriented reform measures have not been sweepingly successful to date, and what it would take to achieve meaningful reform. 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.
Customer Reviews:
Different opinion, but still a great book.......2002-07-15
I remember one of my professors had said to me: "If you only read one book about SOE reform in China, you must read this one."
His recommendation cannot be more correct. The writer has undergone an in-depth investigation of SOEs and their reform in China. The three case studies, namely, Angang, Magang and Shougang, are all very comprehensive. For anyone interested in corporatization of these SOEs, Chapter 5 is a must-read for them. In all, the book is a tremendous achievement when you consider that the writer is a Westerner.
The writer thinks that the illness of SOEs is due to the continuous supply of soft budget from the government and state-owned bankers. The ownership issue - whether these enterprises are state-owned or in private hand - is not very important. However, my opinion is that you must not be a player when you also assume the role of referee. If this reform is to be successful, a detachment to government is necessary.
Anyway, this is an excellent book.
unique but also very biased.......2000-12-31
The author focuses on one industry (steel) and a small number of firms. There are some good points in the book, but overall it suffers from a biased sample because the author hasn't studied the successful management experiences of Handan and its derivatives.
Insightful and original.......1999-07-11
Steinfeld displays an uncommon ability to view today's China in a fresh light, unbound by the constraints of conventional Western thinking. Highly recommended for anyone seeking to understand modern Chinese economic development and the elusive prospects for China's full participation as a world economic leader.
Unique theory of the state owned enterprise problem.......1998-11-25
The author presents a different perspective on China's state owned enterprise problem. He contends that the problem is not an allocation of property rights issue. Instead, a supposed free market system has been overlaid over a still partially existing command economy. A fascinating theory. If the author is right, China's problems are very deep and will be extremely difficult to solve.
Average customer rating:
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FORGING REFORM IN CHINA: THE FATE OF STATE-OWNED INDUSTRY.(Review) (book review): An article from: Journal of Contemporary Asia
Russell Smyth
Manufacturer: Journal of Contemporary Asia Publishers
ProductGroup: Book
Binding: Digital
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ASIN: B0008HM6Q6
Release Date: 2005-07-28 |
Book Description
This digital document is an article from Journal of Contemporary Asia, published by Journal of Contemporary Asia Publishers on March 1, 2001. The length of the article is 2531 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details
Title: FORGING REFORM IN CHINA: THE FATE OF STATE-OWNED INDUSTRY.(Review) (book review)
Author: Russell Smyth
Publication:
Journal of Contemporary Asia (Refereed)
Date: March 1, 2001
Publisher: Journal of Contemporary Asia Publishers
Volume: 31
Issue: 1
Page: 121
Article Type: Book Review
Distributed by Thomson Gale
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