Description
Book SynopsisChina’s Long and Winding Road to Modernization: Uncertainty, Learning, and Policy Change interprets contemporary China’s economic transformation from Austrian and evolutionary perspectives. Fu-Lai Tony Yu and Diana S. Kwan incorporate culture, institutions, government agents and entrepreneurship to understand economic change in China. In this book, Yu and Kwan emphasize the roles of uncertainty, learning and experimentation in policy making. Topics discussed range from a presentation of theoretical frameworks to understand China’s economic transformation, an account of China’s economic management during 1950-1978, the economic reformation after 1979 concurrent with Deng Xiaoping’s Open Door Policy, and China’s rise as a global power. These topics culminate in the final section of the book which suggests a path for China’s modernization.
Table of ContentsPart I. Theoretical Framework
Chapter 1. Mainstream Neoclassical School versus Austrian Economics: Efficiency versus Coordination
Chapter 2. Interpreting Chinese History in Phenomenological Perspective
Chapter 3. Origins of Chinese Way of National Management: Confucianism, Absolute Monarchy and Patriotism
Part II. China’s Economic Management during 1950-1978: Venturing into a Radical Socialist Regime
Chapter 4. An Overview of China’s Economic Transformation in Evolutionary Perspective: Uncertainty, Experimentation and Policy Change
Chapter 5. The Cultural Revolution Revisited: Mao’s Personality, Chinese Culture and Mentality
Chapter 6. Uncertainty and Policy Making for a Public Mega Project in Communist China: The Case of the Three Gorges Dam
Part III. Groping for Chinese Stones to Cross Turbulent Rivers: China’s Economic Reform after 1979
Chapter 7. Leadership Selection and Power Succession: The Case of “Hu-Wen Team”
Chapter 8. From Low-end ‘Shanzhai’ to High-end Brand Models: The Case of China’s Mobile Phone Industry
Chapter 9. Enter the Dragon Beer: Tsingtao Goes Global
Part IV. China’s Rise as a Global Power
Chapter 10. Nationalism, Neo-mercantilist Policy and China’s Rise as a Global Power
Chapter 11. The US-China Trade Disputes and the Struggle of Hegemony in the Global Economy
Chapter 12. Cultural Value Differences between the United States and China and their Impacts on Everyday Life, Innovation Capabilities and Combating Coronavirus Pandemic
Part V. The Epilogue
Chapter 13. Modernizing China in Japanese Way? The Role of Culture and Institution in Economic Development
