China at the Threshold of a Market Economy

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book China at the Threshold of a Market Economy by Michael Mr. Bell, Kalpana Ms. Kochhar, Hoe Khor, INTERNATIONAL MONETARY FUND
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Author: Michael Mr. Bell, Kalpana Ms. Kochhar, Hoe Khor ISBN: 9781452771168
Publisher: INTERNATIONAL MONETARY FUND Publication: June 16, 1993
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Michael Mr. Bell, Kalpana Ms. Kochhar, Hoe Khor
ISBN: 9781452771168
Publisher: INTERNATIONAL MONETARY FUND
Publication: June 16, 1993
Imprint: INTERNATIONAL MONETARY FUND
Language: English

This paper reviews China's experience with market-oriented reform since 1978, including domestic reforms, the opening of the economy to foreign trade and investment, and the decentralization of decision making. It identifies special conditions that may have affected China's capacity to implement reforms, assesses the impact of the reforms on the structure of the economy and on its integration into the world economy, examines the effect of the reforms on macroeconomic management and stability, and draws implications for the direction of China's future reform strategy.

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This paper reviews China's experience with market-oriented reform since 1978, including domestic reforms, the opening of the economy to foreign trade and investment, and the decentralization of decision making. It identifies special conditions that may have affected China's capacity to implement reforms, assesses the impact of the reforms on the structure of the economy and on its integration into the world economy, examines the effect of the reforms on macroeconomic management and stability, and draws implications for the direction of China's future reform strategy.

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