Transitional Economics

Author: Hu Jiayong
Publisher:
Publish Date: 2003-05-01
Features: A specialized work on the transformation of the domestic sector in China, a major research project of the Chinese Academy of Social Sciences. It summarizes the experiences and lessons of economic transformation both domestically and internationally, discusses the important theoretical and practical issues of economic system reform, explains the hotspots, key points, difficult points, and policy choices of reform, outlines the historical context and future trends of reform, and proposes new analytical concepts and frameworks in political economy. The transformation of economic institutions is one of the most significant historical events of the 20th century. Economic transformation theory has been a hot research field in both domestic and international economics in the past decade, yielding a large body of research. China is a major country undergoing transformation, having chosen a unique path (gradual transformation), with a long transformation period and relatively successful outcomes. Chinese scholars have the unique advantage of studying transformation. Against the backdrop of transformation, systematically reflecting on traditional political economy and proposing new analytical concepts and frameworks, which can then be generalized, can develop political economy as a fundamental economic theory. This book is a systematically comprehensive academic work on economic transformation in China, authored by influential economists of various ages who are active at the forefront of economic research in recent years. The main contents include: the theory of institutional change and the institutional transformation of China's economic system, the institutional transformation of China's agricultural system, corporate governance structure, the transformation of the state-owned asset management system, the scale and structural adjustment of the state-owned economy, the development of the non-public sector, income distribution theory, the transformation of government functions, the transformation of the fiscal system, bank system reform, the reform of the social welfare system, reforms in the infrastructure sector, the transformation of the foreign trade system, the economic transformation of Russia, and an analysis of economic transformation theory. It covers important theoretical and practical issues during the process of economic transformation, presents a complete theoretical system, and offers a clear analytical framework. It holds significant value for grasping the historical context and future trends of China's reform and opening-up, understanding the challenges and policy choices of reform, and keeping abreast of the new developments in political economy.