Selling China : Foreign Direct Investment during the Reform Era
Book Details
Format
Paperback / Softback
Book Series
Cambridge Modern China Series
ISBN-10
0521608864
ISBN-13
9780521608862
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jan 10th, 2005
Print length
406 Pages
Weight
538 grams
Dimensions
23.10 x 15.40 x 2.20 cms
Product Classification:
Political economyEconomic historyInvestment & securitiesInvestment and securities
Ksh 5,600.00
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This book proposes a different perspective on China's integration in the world economy. Most economists view China's large foreign direct investment (FDI) inflows as a result of China's economic success. This book views the same phenomenon as a function of the imperfections in the Chinese economic system.
In this book, Yasheng Huang makes a provocative claim: the large absorption of foreign direct investment (FDI) by China is a sign of some substantial weaknesses in the Chinese economy. The primary benefits associated with China's FDI inflows are concerned with the privatization functions supplied by foreign firms, venture capital provisions to credit-constrained private entrepreneurs, and promotion of interregional capital mobility. Huang argues that one should ask why domestic firms cannot supply the same functions. China's partial reforms, while successful in increasing the scope of the market, have so far failed to address many allocative inefficiencies in the Chinese economy.
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