Chinese Economy

This is a concise and timely book on a hugely important topic - China in the 21st Century. Peter Nolan argues that China is at a crossroads in its development. It faces a series of complex problems, most of which are the consequence of its rapid growth since the process of 'reform and opening up' began in the late 1970s. The way in which it responds to these will determine the pattern of development of the country for a long period ahead.Nolan explores the possibilities for China to build a civilised, socially cohesive society over the next few decades, during what is still the early phase of China's industrialisation. Among the challenges facing the leadership are issues of poverty and inequality, the global business revolution, the environment, the capability and role of the state, international relations, the communist party, and the economy.Nolan shows that there are several paths that China could take in the coming decades, but he argues that the country has historically developed it's own 'third way' between state and market and that this is the only rational way to attempt to resolve the challenges it faces. By making a success of this endeavour China can make an enormous contribution to the way in which global political economy advances, offering an alternative to the US-dominated 'market fundamentalism'Nolan, Peter is the author of 'Chinese Economy ', published 2007 under ISBN 9780745604039 and ISBN 074560403X.