Coverart for item
The Resource Animal spirits with Chinese characteristics : investment booms and busts in the world's emerging economic giant, Mark A. DeWeaver, (electronic book)

Animal spirits with Chinese characteristics : investment booms and busts in the world's emerging economic giant, Mark A. DeWeaver, (electronic book)

Label
Animal spirits with Chinese characteristics : investment booms and busts in the world's emerging economic giant
Title
Animal spirits with Chinese characteristics
Title remainder
investment booms and busts in the world's emerging economic giant
Statement of responsibility
Mark A. DeWeaver
Creator
Subject
Language
eng
Summary
Animal Spirits with Chinese Characteristics is the first detailed account of the investment booms and busts that drive China's business cycles. This exciting new volume looks first at the causes of these fluctuations, then examines the central government's countercyclical policy responses. DeWeaver shows that the volatility of Chinese investment is primarily the result of perverse incentives inherited from the command-economy era. Beijing's most effective countercyclical policies therefore still take the form of ad hoc administrative interventions. Contrary to popular belief, Beijing cannot 'fine tune' the economy. It also stands little chance of transitioning to a less volatile 'mode of growth.'. -- Publisher's description
Cataloging source
UK-WkNB
http://library.link/vocab/creatorName
DeWeaver, Mark A
Illustrations
illustrations
Index
no index present
Literary form
non fiction
http://library.link/vocab/subjectName
  • Investments
  • Business cycles
Label
Animal spirits with Chinese characteristics : investment booms and busts in the world's emerging economic giant, Mark A. DeWeaver, (electronic book)
Instantiates
Publication
Bibliography note
Includes bibliographical references (p. 199-212) and index
Contents
Contents -- Preface -- Acknowledgements -- PART I: INTRODUCTION AND CHAPTER OUTLINE -- Chinese Investment Cycles And The World Economy Models Of China -- Truth From Facts -- Chapter Outline -- PART II: INVESTMENT WITH CHINESE CHARACTERISTICS -- Investment In The Chinese Economy: A Long Look Back At Theory And Practice -- The Meaning Of Public Ownership State-Owned Inputs: Land, Credit, And Public Goods -- The State As Investor Controlling -- The Commanding Heights -- Wither The Private Sector? -- Freewheeling Socialism -- PART III: SOCIALIST BOOMS AND BUSTS -- Models Of The Cycle -- Obstacles To Central Planning -- Booms And Busts Under Socialism -- Investment Fluctuations In Pre-Reform China -- Small-Scale Industry And Decentralized Planning -- Self-Sufficiency As Mercantilism -- Reestablishing Central Control -- Socialist Animal Spirits -- PART IV: A HISTORY OF THE CYCLE -- Leaping Outward And Pulling Back (1978-1983) -- Clambering Out Of The Plan (1984-1992) -- From Southern Tour To Long Landing (1993-2002) -- Overheating And Magic Weapons (2003-2008) -- Growth At Any Cost (2009) --Investment As An Engine Of Growth -- PART V: WARPED INCENTIVES AND 'SECOND-BEST' EFFICIENCY -- Tax-Revenue Maximization And 'Track-Record' Building -- Redundant Capacity And Inefficient Investment -- Competing For Investment -- Investment As A Vehicle For Corruption -- A 'Second-Best' Case For Intervention -- PART VI: BANKING AND FINANCE RUN AMOK -- Policy-Driven Lending -- The Failure Of Governance -- Reform Lax Due Diligence And Speculative Investment -- Collusion, Risk Management, And Prudential Supervision -- Money As A Creature Of The State -- PART VII: TAKING AWAY THE LADLE -- Interest Rate Dilemmas -- Sterilizing Hot Money -- Differential Liquidity Management -- Controlling Credit By Fiat -- The Future Of Chinese Monetary Policy -- PART VIII: SUPPRESSING 'BLIND' INVESTMENT -- Industrial Policy: Beijing's Paper Tiger -- Real Estate: Treating The Symptoms -- Political Competition: A Substitute For Market Forces -- The Limits Of Direct Intervention -- PART IX: SCIENTIFIC DEVELOPMENT: MASTER PLAN OR MYTH? -- Indigenous Innovation And Intensive Growth -- Getting The Incentives Wrong -- Income Inequality And Consumption -- Chinese And Soviet Precedents: A History Of Failure -- 'Fifth-Generation' Computers: A Japanese Precedent -- Theories Of Intensive Growth -- Unscientific Socialism -- PART X: CONCLUSION -- Politics In Command -- Development Without Freedom -- Bibliography
Control code
9781137110121
Extent
xvii, 213 p.
Form of item
electronic
Governing access note
Users can print and/or download individual articles/chapters and other individual items from Palgrave Connect ebooks, limited to no more than one chapter per title per authorised user
Isbn
9781137110121
Other physical details
ill.
Specific material designation
remote
Type of computer file
PDF.
Label
Animal spirits with Chinese characteristics : investment booms and busts in the world's emerging economic giant, Mark A. DeWeaver, (electronic book)
Publication
Bibliography note
Includes bibliographical references (p. 199-212) and index
Contents
Contents -- Preface -- Acknowledgements -- PART I: INTRODUCTION AND CHAPTER OUTLINE -- Chinese Investment Cycles And The World Economy Models Of China -- Truth From Facts -- Chapter Outline -- PART II: INVESTMENT WITH CHINESE CHARACTERISTICS -- Investment In The Chinese Economy: A Long Look Back At Theory And Practice -- The Meaning Of Public Ownership State-Owned Inputs: Land, Credit, And Public Goods -- The State As Investor Controlling -- The Commanding Heights -- Wither The Private Sector? -- Freewheeling Socialism -- PART III: SOCIALIST BOOMS AND BUSTS -- Models Of The Cycle -- Obstacles To Central Planning -- Booms And Busts Under Socialism -- Investment Fluctuations In Pre-Reform China -- Small-Scale Industry And Decentralized Planning -- Self-Sufficiency As Mercantilism -- Reestablishing Central Control -- Socialist Animal Spirits -- PART IV: A HISTORY OF THE CYCLE -- Leaping Outward And Pulling Back (1978-1983) -- Clambering Out Of The Plan (1984-1992) -- From Southern Tour To Long Landing (1993-2002) -- Overheating And Magic Weapons (2003-2008) -- Growth At Any Cost (2009) --Investment As An Engine Of Growth -- PART V: WARPED INCENTIVES AND 'SECOND-BEST' EFFICIENCY -- Tax-Revenue Maximization And 'Track-Record' Building -- Redundant Capacity And Inefficient Investment -- Competing For Investment -- Investment As A Vehicle For Corruption -- A 'Second-Best' Case For Intervention -- PART VI: BANKING AND FINANCE RUN AMOK -- Policy-Driven Lending -- The Failure Of Governance -- Reform Lax Due Diligence And Speculative Investment -- Collusion, Risk Management, And Prudential Supervision -- Money As A Creature Of The State -- PART VII: TAKING AWAY THE LADLE -- Interest Rate Dilemmas -- Sterilizing Hot Money -- Differential Liquidity Management -- Controlling Credit By Fiat -- The Future Of Chinese Monetary Policy -- PART VIII: SUPPRESSING 'BLIND' INVESTMENT -- Industrial Policy: Beijing's Paper Tiger -- Real Estate: Treating The Symptoms -- Political Competition: A Substitute For Market Forces -- The Limits Of Direct Intervention -- PART IX: SCIENTIFIC DEVELOPMENT: MASTER PLAN OR MYTH? -- Indigenous Innovation And Intensive Growth -- Getting The Incentives Wrong -- Income Inequality And Consumption -- Chinese And Soviet Precedents: A History Of Failure -- 'Fifth-Generation' Computers: A Japanese Precedent -- Theories Of Intensive Growth -- Unscientific Socialism -- PART X: CONCLUSION -- Politics In Command -- Development Without Freedom -- Bibliography
Control code
9781137110121
Extent
xvii, 213 p.
Form of item
electronic
Governing access note
Users can print and/or download individual articles/chapters and other individual items from Palgrave Connect ebooks, limited to no more than one chapter per title per authorised user
Isbn
9781137110121
Other physical details
ill.
Specific material designation
remote
Type of computer file
PDF.

Library Locations

Processing Feedback ...