close

Forging Reform in China

Edward S. Steinfeld · ISBN 9780521633352
Forging Reform in China | Zookal Textbooks | Zookal Textbooks
Out of stock
$128.95  Save $6.53
$122.42
-
+
Zookal account needed
Read online instantly with Zookal eReader
Access online & offline
$64.95
Note: Subscribe and save discount does not apply to eTextbooks.
-
+
Publisher Cambridge University Press
Author(s) Edward S. Steinfeld
Subtitle The Fate of State-Owned Industry
Published 28th July 1998
Related course codes

The Fate of State-Owned Industry

The greatest economic challenge facing China in the post-Deng era is the reform of unprofitable, state-owned enterprises (SOEs) which threaten to drag down the rest of the economy. Despite an array of well-intentioned, market-oriented reform measures, these firms have never truly been forced to face the pressure of a bottom line, or the threat of bankruptcy. Forging Reform in China explains how and why these measures have not been sweepingly successful to date, and what it would take to achieve meaningful reform. The author investigates firm-level processes, including case studies of China's steel industry giants, revealing institutional and systemic barriers to market-oriented performance. This book makes a compelling argument that private ownership cannot work in China's current system until governance over complex economic factors has been established, that is, until credit is tightened and market selection processes made to work.
Translation missing: en.general.search.loading