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Item Details
| Title:
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FORGING REFORM IN CHINA
THE FATE OF STATE-OWNED INDUSTRY |
| By: |
Edward S. Steinfeld, William Kirby |
| Format: |
Hardback |
| List price:
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£95.00 |
| Our price: |
£83.13 |
| Discount: |
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| You save:
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£11.87 |
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| ISBN 10: |
0521633354 |
| ISBN 13: |
9780521633352 |
| Availability: |
Usually dispatched within 1-3 weeks.
 Delivery
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| Stock: |
Currently 0 available |
| Publisher: |
CAMBRIDGE UNIVERSITY PRESS |
| Pub. date: |
28 July, 1998 |
| Series: |
Cambridge Modern China Series |
| Pages: |
320 |
| Description: |
Forging Reform in China explains how and why measures to reform unprofitable state-owned enterprises have not succeeded and how meaningful reform could be achieved. |
| Synopsis: |
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. |
| Illustrations: |
7 b/w illus. 24 tables |
| Publication: |
UK |
| Imprint: |
Cambridge University Press |
| Returns: |
Returnable |
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