How has the Chinese central government been able to avoid the crippling hyperinflation that has bedeviled so many developing and centrally planned economies? Focusing on central-local relations, Yasheng Huang explains why local Chinese officials comply, even against their own economic interests, with the inflation-control policies of the central government.
How has the Chinese central government been able to avoid the crippling hyperinflation that has bedeviled so many developing and centrally planned economies? Focusing on central-local relations, Yasheng Huang explains why local Chinese officials comply, even against their own economic interests, with the inflation-control policies of the central government.
Figures and tables Acknowledgements Abbreviations Preface 1. Introduction Part I. The Economic and Political Roles of Local Government Officials: 2. Local government officials as economic agents 3. Local bureaucrats as investors: the investment roles of local governments 4. The local officials in the bureaucratic hierarchy Part II. Macroeconomic Policy Developments During the Reform Era: 5. Excess investment demand and austerity policies Part III. Analyzing Local Investment Behavior: 7. Strategic investment behavior during austerity 8. Bureaucratic investment behavior 9. Conclusion: Political institutions, inflation control, and economic reforms References Indexes.
Figures and tables Acknowledgements Abbreviations Preface 1. Introduction Part I. The Economic and Political Roles of Local Government Officials: 2. Local government officials as economic agents 3. Local bureaucrats as investors: the investment roles of local governments 4. The local officials in the bureaucratic hierarchy Part II. Macroeconomic Policy Developments During the Reform Era: 5. Excess investment demand and austerity policies Part III. Analyzing Local Investment Behavior: 7. Strategic investment behavior during austerity 8. Bureaucratic investment behavior 9. Conclusion: Political institutions, inflation control, and economic reforms References Indexes.
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