Demystifying the Chinese Miracle is popular PDF and ePub book, written by Wang Yongqin in 2013-07-31, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Demystifying the Chinese Miracle can be Read Online from any device for your convenience.
Demystifying the Chinese Miracle Book PDF Summary
The last three decades has witnessed miraculous economic growth of China. What has accounted for its miracle? What is the nature and future of the Chinese model? Is it unique? This book presents an analytical framework to demystify China's economic growth miracle. The book suggests that interlinked and relational contracts between the agents (in particular, between the state and the business) can compensate for flawed markets to achieve high growth. This kind of relational capitalism is significant in the investment-based stage of development, when mobilization of resources to exploit the existing technologies is key for growth. The book presents a general theory of interlinked relational contract, the workhorse model of the book. The theory highlights that effective governance is a function of market extent and market completeness. The process of economic development and modernization can be looked at fruitfully from two perspectives: the markets and the institutions and their interactions. The book stresses the critical fit between the development stage and the governance for a country's economic transition and development and thus the idea of "appropriate institutions".
Detail Book of Demystifying the Chinese Miracle PDF
- Author : Wang Yongqin
- Release : 31 July 2013
- Publisher : Routledge
- ISBN : 9781135015046
- Genre : Business & Economics
- Total Page : 157 pages
- Language : English
- PDF File Size : 14,5 Mb
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