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Politics & Social Sciences Books > Comparative Politics Books
Paperback Inflation and Investment Controls in China Book
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ISBN: 0521665736

ISBN13: 9780521665735

Inflation and Investment Controls in China

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Book Overview

How has the Chinese central government been able to avoid the crippling hyperinflation that has bedeviled so many developing and centrally planned economies? China's unique, de facto federalism, Huang argues - a combination of economic and fiscal decentralization and strong political centralization - has spurred economic growth and allowed political institutions to impose restraints on inflation from the top down. Focusing on central-local relations and the controlling role of political institutions, Yasheng Huang explains why local Chinese officials comply, even against their own economic interests, with the investment-reduction and inflation-control policies of the central government. Drawing upon institutional economics, he hypothesizes that the central government's powerful role in appointing and firing bureaucrats at the local level helps to reconcile some of the central-local economic policy differences. Huang uses systematic data analysis to test this proposition. This book also offers detailed descriptions of the roles of local governments in economic and investment management.

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Accounting & Finance Business Business & Finance Business & Investing Comparative Politics Economic Conditions Economic Policy Economic Policy & Development Economics Government International Legal Theory & Systems Non-US Legal Systems Political Economy Political Science Politics & Government Politics & Social Sciences Popular Economics Public Finance Public Policy

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