Publisher's Synopsis
China is the last of the world's major economies to be organized on Marxist principles. Since 1951, the workings of the command economy through state procurement and distribution has dominated the socio-economic development of China. Yet this original book contends it has been the growth of trade and the creation of wealth for individuals and private organizations that is the key dynamic of the Chinese economy and, since the reforms of 1978, increasingly sets the politico-social agenda.;By a thorough examination of the origins, nature, structure and growth of the Chinese economy, informed by first-hand research and extensive readings in Chinese, Rupert Hodder delineates wealth creation in a command context and shows how this apparent paradox causes not only tensions but also opportunities.;Within a strong and novel methodological framework, the relations between wealth creation and economic growth are examined in the command economic structure in agriculture, industry, administration and external trade. Authoritative particularly because of a first-hand access to Chinese sources, this book is not only for students of the Chinese economy, but is also a major contribution to the theoretical literature of economics.
