This book is the result of a large-scale investigation through detailed questionnaires of China's reform process over the years 1979-87. It analyzes China's gradualist transition to a market economy, and concludes that, although the reform program has been a qualified success, further progress requires the introduction of private ownership. Both D.A. Hay and D.J. Morris approach this subject from a strong industrial organization perspective.
This book is the result of a large-scale investigation through detailed questionnaires of China's reform process over the years 1979-87. It analyzes China's gradualist transition to a market economy, and concludes that, although the reform program has been a qualified success, further progress requires the introduction of private ownership. Both D.A. Hay and D.J. Morris approach this subject from a strong industrial organization perspective.
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