China's Industrial Policy Transformation: Theory And Practice
Book Details
Format
Hardback or Cased Book
Book Series
Series on Chinese Economics Research
ISBN-10
9811224072
ISBN-13
9789811224072
Publisher
World Scientific Publishing Co Pte Ltd
Imprint
World Scientific Publishing Co Pte Ltd
Country of Manufacture
SG
Country of Publication
GB
Publication Date
Apr 24th, 2021
Print length
358 Pages
Weight
658 grams
Dimensions
15.90 x 23.60 x 2.80 cms
Product Classification:
Economics
Ksh 21,600.00
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The debate on industrial policy has been in full swing among the academic circles in the recent years. The crux of this debate is not whether China needs industrial policies, but rather, the kind of industrial policies it wants. Given the profound changes to the domestic and international environments, and institutional background during China's industrial development, industrial policies must be able to make up for 'market failures,' while avoiding 'government failures'. To this end, it is suggested to establish a 'market-friendly' industrial policy system dominated by functional industrial policies, in accordance with the requirements of building an 'interactive and cooperative' government-market relationship to help transform and upgrade China's industries.
The debate on industrial policy has been in full swing among the academic circles in recent years. The crux of this debate is not whether China needs industrial policies, but rather, the kind of industrial policies it wants. Given the profound changes to the domestic and international environments, and institutional background during China''s industrial development, industrial policies must be able to make up for ''market failures,'' while avoiding ''government failures''. To this end, it is suggested to establish a ''market-friendly'' industrial policy system dominated by functional industrial policies, in accordance with the requirements of building an ''interactive and cooperative'' government-market relationship to help transform and upgrade China''s industries.
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