The Political Economy of China's Systemic Transformation - by V Mantzopoulos & R Shen (Hardcover)

About the Book

"After three decades of reign, Mao left China a structurally rigid and functionally inefficient economy. The imperative for systemic transformation was self-evident. By 2009, China's nominal GDP reached $4.9 trillion. Its 2010 foreign reserve is in excess of $2.4 trillion. China has surpassed Japan as the second largest economy in the world. A statistical analysis of four countries indicates political stability and social calm helped gain the confidence of needed foreign investments. For China, it is foreign investment that has been fueling its export growth which in turn is most instrumental in its development path"--

Book Synopsis

The future success of China's rapidly growing economy remains uncertain. This book analyzes official documents, data and current writings of recognized academicians investigating China's experience with systemic restructuring.

About the Author

VICTORIA MANTZOPOULOS Chair of the Department of Political Science at the University of Detroit/Mercy, USA.

RAPHAEL SHEN Professor of Economics at the University of Detroit/Mercy, USA.