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Contrasting Styles of Industrial Reform

- China and India in the 1980s
Af: George Rosen Engelsk Hardback

Contrasting Styles of Industrial Reform

- China and India in the 1980s
Af: George Rosen Engelsk Hardback
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Since World War II, China has had a command economy administered under a dictatorship, while India's democracy has introduced a highly regulated economy. Despite obvious differences in their political systems, each country endured remarkably similar economic problems with respect to industry during the 1960s and 1970s. Both embarked in the 1980s on a series of industrial reforms designed to improve technology and efficiency in the use of resources, as well as to stimulate industrial growth in the face of declining productivity. For economists, the two countries offer an interesting test case for examining similar reform programs launched from disparate political and economic systems. For policymakers concerned with the region's stability, a clear view of the economic futures of these two major powers is paramount. Examining and comparing the reform experiences of China and India up to the present, George Rosen shows that although China enacted more sweeping reform measures and produced more impressive local growth, it also experienced more significant inflationary spurts. Two-thirds of each nation's population was involved in agriculture at the start of the reform period and nearly that many at the conclusion. Ultimately, the effects of the past industrial reforms in both countries in terms of significantly greater industrial employment or well-being of their populations were limited. An important lesson in these findings, argues Rosen, is that they actually reveal more about the political factors that limit and shape economic policy reforms in a dictatorship or democracy than they confirm the virtues of either capitalism or communism.
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Since World War II, China has had a command economy administered under a dictatorship, while India's democracy has introduced a highly regulated economy. Despite obvious differences in their political systems, each country endured remarkably similar economic problems with respect to industry during the 1960s and 1970s. Both embarked in the 1980s on a series of industrial reforms designed to improve technology and efficiency in the use of resources, as well as to stimulate industrial growth in the face of declining productivity. For economists, the two countries offer an interesting test case for examining similar reform programs launched from disparate political and economic systems. For policymakers concerned with the region's stability, a clear view of the economic futures of these two major powers is paramount. Examining and comparing the reform experiences of China and India up to the present, George Rosen shows that although China enacted more sweeping reform measures and produced more impressive local growth, it also experienced more significant inflationary spurts. Two-thirds of each nation's population was involved in agriculture at the start of the reform period and nearly that many at the conclusion. Ultimately, the effects of the past industrial reforms in both countries in terms of significantly greater industrial employment or well-being of their populations were limited. An important lesson in these findings, argues Rosen, is that they actually reveal more about the political factors that limit and shape economic policy reforms in a dictatorship or democracy than they confirm the virtues of either capitalism or communism.
Produktdetaljer
Sprog: Engelsk
Sider: 182
ISBN-13: 9780226726465
Indbinding: Hardback
Udgave:
ISBN-10: 0226726460
Kategori: 1980 til 1989
Udg. Dato: 1 maj 1992
Længde: 2mm
Bredde: 16mm
Højde: 23mm
Forlag: The University of Chicago Press
Oplagsdato: 1 maj 1992
Forfatter(e): George Rosen
Forfatter(e) George Rosen


Kategori 1980 til 1989


ISBN-13 9780226726465


Sprog Engelsk


Indbinding Hardback


Sider 182


Udgave


Længde 2mm


Bredde 16mm


Højde 23mm


Udg. Dato 1 maj 1992


Oplagsdato 1 maj 1992


Forlag The University of Chicago Press

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