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Paperback Inflation and Investment Controls in China: The Political Economy of Central-Local Relations During the Reform Era Book

ISBN: 0521665736

ISBN13: 9780521665735

Inflation and Investment Controls in China: The Political Economy of Central-Local Relations During the Reform Era

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Format: Paperback

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Book Overview

How has the Chinese central government been able to avoid the crippling hyperinflation that has bedeviled so many developing and centrally planned economies? China's unique, de facto federalism, Huang argues - a combination of economic and fiscal decentralization and strong political centralization - has spurred economic growth and allowed political institutions to impose restraints on inflation from the top down. Focusing on central-local relations...

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