Foreign Trade and Economic Reform in China

By: Nicholas R. Lardy

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Paperback | 3 January 1994

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210 Pages

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22.86 x 15.24 x 1.22

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This study explores the relationship between China's foreign trade reforms and the domestic economic reforms that undergird China's policy of openness in the 1980s and 1990s. It provides the first comprehensive analysis of how China has 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 decentralization of trading authority and the devaluation of the domestic currency, and internal economic reforms such as the increased use of markets and prices that underlie that dramatic transformation. The volume argues that China's prereform trade system is best understood as an extreme example of the import substitution trade regime that was common in developing countries in the 1950s. And it explains how trade reforms of the 1980s, particularly the systematic devaluation of the domestic currency and the introduction of limited convertibility, have reduced the bias against exports that was characteristic of the prereform foreign trade and exchange rate system. 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 increasing integration into the world economy. Nicholas Lardy is a professor at the Henry M. Jackson School of International Studies. He is on the editorial board of

Industry Reviews

'Lardy's book is the most up to date and best academic analysis of the trade reform available. The author has wide experience in the economic analysis of China and has brought to this study an unrivalled combination of attention to detail and analytical precision.' Christopher Howe, Times Higher Education Supplement 'Foreign Trade and Economic Reform is to be welcomed, not primarily as an analysis of the extent and causes of China's trading success, but more as a detailed and comprehensive account of the evolution of China's trade policies up to 1990.' Economics of Planning 'all those rushing to invest in China would do well to read Lardy's sobering book.' Economic Affairs

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You Can Find This Book In

Non-Fiction Economics International Economics International Trade Political Economy Macroeconomics Politics & Government

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Hardcover

Published: 13th April 1992

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Preface
Trade policy and economic development
The prereform foreign trade system
Reforming the foreign trade system
The efficiency of China's foreign trade
Integrated versus partial reforms
Appendices
References
Table of Contents provided by Publisher. All Rights Reserved.

Foreign Trade and Economic Reform in China

At a Glance

Paperback

Industry Reviews

Shipping

How to return your order

Defective items

You Can Find This Book In

Other Editions and Formats

Hardcover

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