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Book Overview
In this book, Yasheng Huang makes a provocative claim: the large absorption of foreign direct investment (FDI) by China is a sign of some substantial weaknesses in the Chinese economy. The primary benefits associated with China's FDI inflows are concerned with the privatization functions supplied by foreign firms, venture capital provisions to credit-constrained private entrepreneurs, and promotion of interregional capital mobility. Huang argues that one should ask why domestic firms cannot supply the same functions. China's partial reforms, while successful in increasing the scope of the market, have so far failed to address many allocative inefficiencies in the Chinese economy.
Format:Paperback
Language:English
ISBN:0521608864
ISBN13:9780521608862
Release Date:January 2005
Publisher:Cambridge University Press
Length:406 Pages
Weight:1.25 lbs.
Dimensions:1.0" x 6.0" x 9.0"
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