Foreign Trade and Economic Reform in China

A comprehensive analysis of how China emerged as one of the most dynamic trading nations in the world, first published in 1992.

Nicholas R. Lardy (Author)

9780521458351, Cambridge University Press

Paperback, published 30 July 1993

210 pages, 17 tables
22.9 x 15.2 x 1.2 cm, 0.32 kg

'all those rushing to invest in China would do well to read Lardy's sobering book.' Economic Affairs

This study, first published in 1992, explores the relationship between China's foreign trade reforms and the domestic economic reforms that underlie China's policy of openness. It provided the first comprehensive analysis of how China emerged, since reform began in 1978, as one of the most dynamic trading nations in the world. It examines both the external policy changes, such as the decentralisation of trading authority and the devaluation of the domestic currency, and internal economic reforms such as the increased use of markets and prices. The volume concludes with an analysis of the sources of China's export growth and outlines further domestic economic reforms that the author believes will be required to sustain China's integration into the world economy.

Preface
1. Trade policy and economic development
2. The prereform foreign trade system
3. Reforming the foreign trade system
4. The efficiency of China's foreign trade
5. Integrated versus partial reforms
Appendices
References.

Subject Areas: Macroeconomics [KCB]