Economic reform in the PRC: in which China's economists make known what went wrong, why, and what should be done about it

172 Pages·1982·5.643 MB·English

by  George C. Wang (ed.)

SEMINOLE COMMUNITY COLLEGE LIBRARY |
HC427.9 .E34 1982
000
Economic reform in the PR 260101
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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
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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
■