How China Escaped Shock Therapy !!
How China Escaped Shock Therapy!!
A story spanning thousands of years, there is far more to China's market reformation than many Western scholars might have you believe.
Isabella Weber (UMass Amherst) discusses her new book on how China managed its transition from central planning to markets, available now: https://www.routledge.com/How-China-E...
--
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. This book uncovers the fierce contest about economic reforms that shaped China’s path. In the first post-Mao decade, China’s reformers were sharply divided. They agreed that China had to reform its economic system and move toward more marketization—but struggled over how to go about it. Should China destroy the core of the socialist system through shock therapy, or should it use the institutions of the planned economy as market creators? With hindsight, the historical record proves the high stakes behind the question: China embarked on an economic expansion commonly described as unprecedented in scope and pace, whereas Russia’s economy collapsed under shock therapy. Based on extensive research, including interviews with key Chinese and international participants and World Bank officials as well as insights gleaned from unpublished documents, the book charts the debate that ultimately enabled China to follow a path to gradual reindustrialization. Beyond shedding light on the crossroads of the 1980s, it reveals the intellectual foundations of state-market relations in reform-era China through a longue durée lens. Overall, the book delivers an original perspective on China’s economic model and its continuing contestations from within and from without.
-
13:39
Scammer Payback
1 day agoLive Webcam of a Scammer
5.71K6 -
1:14:13
Miss Understood With Rachel Uchitel
2 hours agoTrump vs Black Journalist - Olympic Scandals - Trad Wives Comeback - Real Housewives Updates
14.6K7 -
46:26
Ben Shapiro
3 hours agoEp. 2017 - Trump Walks TOWARD The Fire…Kamala HIDES
42K45 -
1:08:11
Russell Brand
4 hours agoBritain BURNS! UK Riots & Migration CRISIS - What the Media ISN’T Telling You with Neil Oliver
130K272 -
2:58:16
The Charlie Kirk Show
3 hours agoThe Kamala Scam + What Do The Polls Say? |Schlichter + Baris | 8.1.24
86.9K61 -
1:41:42
Nerdrotic
4 hours agoStar Trek TRANSITIONS! Majors Heartbreak over MCU - Nerdrotic Nooner 417
53K16 -
1:25:06
TheAlecLaceShow
3 hours agoGuests: Officer Brandon Tatum | Terry Schilling | Trump vs Radical Journalists | The Alec Lace Show
15.2K1 -
40:19
Candace Owens
16 hours agoA Color Revolution for Venezuela...and Kamala | Candace Ep 36
44.9K90 -
2:10:12
The Dilley Show
3 hours agoTrump VS The World plus Rally Recap! w/Author Brenden Dilley 08/01/2024
34.2K8 -
30:25
Stephen Gardner
15 hours ago🔴BREAKING: Senator Cruz POINTS OUT major hole in Trump assassin story
39.8K171