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Completing China's Move to the Market
Open accessAbstract
Beginning in late 1978, by luck as much as design, China arrived at a strategy for market-oriented economic reform that combined substantial reform with rapid growth in GDP and exports. The sequencing of reform began with the ‘easy to reform’ sectors, agriculture and foreign trade, and then took up the more difficult task of reforming the large state-owned enterprises. With respect to agriculture, small-scale industry, and foreign investment, China found ways of introducing meaningful property rights into the increasingly marketized system. A partially unreformed financial system and inadequate autonomy of large state enterprises accounts, however, for the current stop-go nature of Chinese development.
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Citations
Cited by
Selling China: Foreign Direct Investment during the Reform Era
Pye, L. W., Huang, Y., & Wedeman, A. H. (2004) · Foreign Affairs · doi:10.2307/20033878 · Cited by 675
Au, C.-C., & Henderson, J. V. (2006) · The Review of Economic Studies · doi:10.1111/j.1467-937x.2006.00387.x · Cited by 622
Tan, J. (2002) · Journal of Management Studies · doi:10.1111/1467-6486.00295 · Cited by 134
Metadata
- Authors
- Perkins, D.
- Venue
- Journal of Economic Perspectives
- Publisher
- American Economic Association
- Published
- 1994-05-01
- Volume
- 8
- Issue
- 2
- Pages
- 23-46
- ISSN
- 0895-3309 (ISSN-L)
- OpenAlex
- W2035923445
- Cited by
- 293
- References
- 0
- FWCI
- 94.92
- Type
- journal article
- Language
- en
- Open access
- bronze
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How to cite
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- CoChat. (2026). Citation check: Completing China's Move to the Market. https://app.cochat.ai/papers/10.1257/jep.8.2.23
- The paper
- Perkins, D. (1994). Completing China's Move to the Market. Journal of Economic Perspectives. https://doi.org/10.1257/jep.8.2.23
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
