Chinas Long And Winding Road To Modernization

Download or read book China’s Long and Winding Road to Modernization written by Fu-Lai Tony Yu and published by Rowman & Littlefield. This book was released on 2023-09-05 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s Long and Winding Road to Modernization: Uncertainty, Learning, and Policy Change interprets contemporary China’s economic transformation from Austrian and evolutionary perspectives. Fu-Lai Tony Yu and Diana S. Kwan incorporate culture, institutions, government agents and entrepreneurship to understand economic change in China. In this book, the authors emphasize the roles of uncertainty, learning, and experimentation in policy making. Topics discussed range from a presentation of theoretical frameworks to understand China’s economic transformation, an account of China’s economic management during 1950-1978, the economic reformation after 1979 concurrent with Deng Xiaoping’s Open Door Policy, and China’s rise as a global power. These topics culminate in the final section of the book which suggests a path for China’s modernization.