Könyv Inflation and Investment Controls in China Yasheng Huang

Inflation and Investment Controls in China

The Political Economy of Central-Local Relations during the Reform Era

Szerző: Yasheng Huang
Nyelv: Angol
Kötés: Puha kötésű
Elérhetőség: Beszállítói készleten
Küldés 14-21 napon belül
20 505 Ft
How has the Chinese central government been able to avoid the crippling hyperinflation that has bede...

Információk a könyvről

Szerző
Nyelv
Angol
Kötés
Könyv - Puha kötésű
Kiadva
1999
oldal
396
EAN
9780521665735
ISBN
0521665736
Enbook ID
02039828
Súly
535
Méretek
154 x 229 x 22

Teljes leírás

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.

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