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How China Escaped Shock Therapy: The Market Reform Debate de Isabella M. Weber

How China Escaped Shock Therapy: The Market Reform Debate: Routledge Studies on the Chinese Economy

Autor Isabella M. Weber
en Limba Engleză Paperback – 27 mai 2021

Remarcăm în How China Escaped Shock Therapy o rigoare analitică ce lipsește adesea din studiile economice convenționale. Lucrarea este structurată în două părți fundamentale care ghidează cititorul de la fundamentele istorice ale reglementării pieței — analizând tradiția chineză Guanzi și controlul prețurilor în SUA după al Doilea Război Mondial — până la dezbaterea aprinsă din primul deceniu post-Mao. Apreciem modul în care Isabella M. Weber demonstrează că succesul Chinei nu a fost un accident, ci rezultatul unei rezistențe intelectuale și politice în fața neoliberalismului global.

Abordarea diferă de China's Rise, Russia's Fall de Peter Nolan prin focalizarea sa microscopică pe procesul decizional intern și pe confruntarea directă dintre paradigmele de reformă. În timp ce alte lucrări se concentrează pe rezultate macroeconomice, Weber investighează cum intelectualii chinezi, în dialog cu Banca Mondială și emigranții est-europeni, au deconstruit modelul terapiei de șoc. Cititorul va învăța cum „sistemul prețurilor cu dublu flux” a permis utilizarea statului pentru a genera piață, evitând colapsul suferit de economia Rusiei.

Poziționată în continuarea preocupărilor sale despre stabilitatea monetară, vizibile și în Das Gespenst der Inflation, această lucrare clarifică de ce China a ales reindustrializarea graduală. Spre deosebire de China's Price and Enterprise Reform de Wang Xiao-Qiang, care oferă o perspectivă contemporană cu evenimentele, volumul de față beneficiază de o perspectivă istorică mai vastă și de acces la documente anterior nepublicate, oferind o explicație structurală pentru reziliența modelului chinez.

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Specificații

ISBN-13: 9781032008493
ISBN-10: 1032008490
Pagini: 358
Ilustrații: 14 Line drawings, black and white; 6 Halftones, black and white; 20 Illustrations, black and white
Dimensiuni: 156 x 234 x 25 mm
Greutate: 0.5 kg
Ediția:1
Editura: Taylor & Francis
Colecția Routledge
Seria Routledge Studies on the Chinese Economy

Locul publicării:Oxford, United Kingdom

Public țintă

Academic, Postgraduate, and Undergraduate Advanced

De ce să citești această carte

Această carte este esențială pentru profesioniștii din economie și studenții la științe politice care doresc să înțeleagă mecanismele reale din spatele ascensiunii Chinei. Veți câștiga o perspectivă critică asupra limitărilor terapiei de șoc și veți descoperi cum tradițiile administrative pot fi adaptate pentru a naviga tranziția spre piață. Este un argument solid pentru pragmatismul economic în defavoarea dogmelor ideologice.

Despre autor

Isabella M. Weber este o economistă recunoscută la nivel internațional, fiind profesor asociat de economie la University of Massachusetts Amherst. Cercetările sale se concentrează pe istoria economică, teoria prețurilor și economia politică a Chinei. Lucrarea de față, publicată în seria Routledge Studies on the Chinese Economy, i-a adus distincții prestigioase, precum Premiul Joan Robinson, confirmându-i statutul de expert în analizarea modului în care China a integrat mecanismele de piață fără a adopta integral politicile neoliberale. Opera sa, inclusiv lucrările despre inflație, explorează intersecția dintre politicile de stat și dinamica piețelor globale.

Cuprins

Introduction
Part I: Modes of Market Creation and Price Regulation
1. Chinäs Tradition of Bureaucratic Market Participation: Guanzi and the Salt and Iron Debate
2. From Market to War Economy and Back: American Price Control during World War II and Its Aftermath
3. Re-creating the Economy through State Commerce: Price Stabilization and the Communist Revolution
Part II: Chinäs Market Reform Debate
4. The Starting Point: Price Control in the Maoist Economy and the Urge for Reform
5. Rehabilitating the Market in Theory and Practice: Chinese Economists, the World Bank, and Eastern European Émigrés
6. Market Creation versus Price Liberalisation: Rural Reform, Young Intellectuals and the Dual-Track Price System
7. Debunking Shock Therapy: The Clash of Two Market Reform Paradigms
8. Escaping Shock Therapy: Causes and Consequences of the 1988 Inflation
Conclusion

Notă biografică

Isabella M. Weber is Assistant Professor of Economics at the University of Massachusetts, Amherst.

Recenzii

German edition winner of the Hans Matthöfer Prize for Public Writing in Economics 2024, awarded by the Friedrich Ebert Foundation
Winner of the 2021 Joan Robinson Prize awarded by the European Association for Evolutionary Political Economy.
Winner of the 2022 Best Book in Interdisciplinary Studies Award of the International Studies Association.
One of the most consequential economic debates in China over the direction of reform took place in the 1980s and focused on how markets should be created. The outcome of that debate set the pattern for much of China’s subsequent economic reforms. Isabella Weber, drawing on interviews of the participants and others together with many new sources of unpublished and published information, does a masterful job of explaining how this debate evolved and its ultimate impact.
DWIGHT H. PERKINS, Harvard University, Director of the Harvard Institute for International Development, 1980–1995
This superb book presents the most compelling interpretation I have read of the sources of Chinese gradualism and its success in fostering economic growth and transformation while preserving enough social cohesion to hold the Chinese society together. It is the product of an independent, inquisitive, open mind—the only type that can hope to grasp the phenomenon that is modern China. It is also the work of a first-rate economist, in the best sense of that term.
JAMES K. GALBRAITH, The University of Texas at Austin, former Chief Technical adviser to China's State Planning Commission for macroeconomic reform
Isabella Weber's book gives an excellent historical overview of China's economic statecraft bringing the reader to the crucial period of market reforms and to the decision to avoid the full implementation of the neoliberal agenda, thus setting the stage for the fastest and longest growth in world history.
BRANKO MILANOVIĆ, LSE and CUNY, former Lead Economist, World Bank Research Department
Isabella Weber succeeds in offering a powerful account of China’s reform-era　market creation　that is of acute interest to economists and historians alike.　Her book is a call to economists to ponder the relevance of political economy with its European roots in classical economics of the early modern era and with Chinese roots in a period almost two millennia earlier.
R. BIN WONG, Director of the UCLA Asia Institute and Distinguished Professor of History
China’s debates in the 1980s about reform of the non-market economy are centrally important to understanding global political economy in the 21st century. The resolution of the debates about the ‘Big Bang’ set China on the course of pragmatic system reform (‘groping for stones to cross the river’) that has remained in place ever since.　Isabella　Weber’s study is unique. It uses information not only from a wide array of written documents but also from extensive interviews with participants in the debates. Her remarkable book provides a rich, balanced and scholarly analysis which illuminates the complex reality of this critically important period in modern world history.
PETER NOLAN, University of Cambridge, Founding Director of the University's Centre of Development Studies
This book is a must read for anybody interested in the history of China’s economic reforms, and I warmly recommend it. It is a highly readable and extremely valuable contribution to the debate on China’s early reform efforts in the 1980s. The book’s most valuable contribution draws from Weber’s extensive interviews with the reformers.
BERT HOFMAN, former World Bank Country Director for China, Mongolia and Korea 
Her efforts to interview the participants and her extensive research, in both public and private archives, make her account the standard against which future books will be measured.
REBECCA KARL, London Review of Books
How China Escaped Shock Therapy constitutes an impressive work of intellectual history. Weber presents an exceedingly thorough, nuanced and even exciting account of the debate, which was fluid and constantly changing.
CARL RISKIN, China Quarterly
Weber’s book offers a fascinating account of struggles over economic policy in China in the 1980s. It is all the more fascinating to read Weber’s subtle recounting of this debate because it is with us still today in debates about inflation in Europe and the U.S. amid the COVID recovery. Weber’s subtle, lucid and evenhanded treatment is to render 40-year-old debates in reform-era China neither exotic nor outdated, but strikingly contemporary.
ADAM TOOZE, Chartbook and Noēma
This tension between China’s rise and its only ‘partial assimilation’ defines our present moment, she writes. The purpose of How China Escaped Shock Therapy is to explain this divergence, which Weber does very well.
JOEL ANDREAS, New Left Review 
Weber’s book is well researched, based on Chinese language documents and dozens of interviews with key thinkers and actors in its economic reforms, and is informative and stimulating. It’s an important book that deserves a wide readership. It offers a sober analysis of the intellectual and political struggles – that occurred on an international scale – that transformed China, and are having global repercussions. It provides key insights into ‘how China works’ and subtly demonstrates that neoliberalism is not the only game in town. It is one of the most thought-provoking and illuminating books I have read.
INDERJETT PARMAR, Professor of international Politics at City, University of London, and Visiting Professor at LSE IDEAS (the LSE’s foreign policy think tank)
Isabella Weber’s meticulously researched monograph tells the story of China’s fortunate break with the international economic policy mainstream, which allowed the country to escape Russia’s dismal fate. Isabella Weber’s extraordinarily detailed analysis of the economic policy debates around price reforms offers several lessons for today. Shock therapy has changed but market-fundamentalism is still on the agenda. The combination of historical depth with theoretical insights that also speak to contemporary debates makes How China Escaped Shock Therapy a benchmark monograph in the literature on the political economy of China and shock therapy.
GABOR SCHEIRING Marie Curie Fellow at Bocconi University

Descriere

China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country’s rise without leading to its wholesale assimilation to global neoliberalism.