Animal Spirits with Chinese Characteristics [electronic resource] : Investment Booms and Busts in the World’s Emerging Economic Giant /
DeWeaver, M.author.
Will China eventually be able to eliminate its socialist animal spirits? Highlighting the importance of China's investment booms and busts for both the Chinese and the world economy, Animal Spirits with Chinese Characteristics describes the origins and evolution of the investment cycle during the command economy period.
Description based upon print version of record.
""Cover""; ""Contents""; ""List of Figures and Tables""; ""Acknowledgments""; ""Preface""; ""1 Introduction and Overview""; ""1 Chinese Investment Cycles and the World Economy""; ""2 Models of China""; ""3 Truth from Facts""; ""4 An Overview of the Book""; ""2 Investment with Chinese Characteristics""; ""1 Investment in the Chinese Economy: A Long Look Back at Theory and Practice""; ""2 The Meaning of Public Ownership""; ""3 State-Owned Inputs: Land, Credit, and Public Goods""; ""4 The State as Investor""; ""5 Controlling the Commanding Heights""; ""6 Wither the Private Sector?""
""7 Freewheeling Socialism""""3 Socialist Booms and Busts""; ""1 Models of the Cycle""; ""2 Obstacles to Central Planning""; ""3 Booms and Busts under Socialism""; ""4 Investment Fluctuations in Pre-reform China (1949â€?1977)""; ""5 Socialist Animal Spirits""; ""4 A History of the Cycle""; ""1 Leaping Outward and Pulling Back (1978â€?1983)""; ""2 Clambering Out of the Plan (1984â€?1992)""; ""3 From Southern Tour to Long Landing (1993â€?2002)""; ""4 Overheating and Magic Weapons (2003â€?2008)""; ""5 Growth at Any Cost (2009)""; ""6 Investment as an Engine of Growth""
""5 Warped Incentives and â€œSecond-Bestâ€? Efficiency""""1 Tax-Revenue Maximization and â€œTrack-Recordâ€? Building""; ""2 Redundant Capacity and Inefficient Investment""; ""3 Competing for Investment""; ""4 Investment as a Vehicle for Corruption""; ""5 A â€œSecond-Bestâ€? Case for Intervention""; ""6 Banking and Finance Run Amok""; ""1 Policy-Driven Lending""; ""2 The Failure of Governance Reform""; ""3 Lax Due Diligence and Speculative Investment""; ""4 Collusion, Risk Management, and Prudential Supervision""; ""5 Money as a Creature of the State""; ""7 Taking Away the Ladle""
""1 Interest Rate Dilemmas""""2 Sterilizing Hot Money""; ""3 Differential Liquidity Management""; ""4 Controlling Credit by Fiat""; ""5 The Future of Chinese Monetary Policy""; ""8 Suppressing â€œBlindâ€? Investment""; ""1 Industrial Policy: Beijingâ€?s Paper Tiger""; ""2 Real Estate: Treating the Symptoms""; ""3 Political Competition: A Substitute for Market Forces""; ""4 The Limits of Direct Intervention""; ""9 Scientific Development: Master Plan or Myth?""; ""1 Indigenous Innovation and Intensive Growth""; ""2 Getting the Incentives Wrong""; ""3 Income Inequality and Consumption""
""4 Chinese and Soviet Precedents: A History of Failure""""5 â€œFifth Generationâ€? Computers: A Japanese Precedent""; ""6 Theories of Intensive Growth""; ""7 Unscientific Socialism""; ""10 Conclusion""; ""1 Politics in Command""; ""2 Development Without Freedom""; ""Notes""; ""Bibliography""; ""Index""
Includes bibliographical references and index.
Will China eventually be able to eliminate its socialist animal spirits? Highlighting the importance of China's investment booms and busts for both the Chinese and the world economy, Animal Spirits with Chinese Characteristics describes the origins and evolution of the investment cycle during the command economy period.
Development economics.
Ethnology—Asia.
Macroeconomics.
Culture—Study and teaching.
Business.
Management science.
International economics.
Development Economics.
Asian Culture.
Macroeconomics/Monetary Economics//Financial Economics.
Cultural and Media Studies, general.
Business and Management, general.
International Economics.