Subsidies to Chinese Industry: State Capitalism, Business Strategy, and Trade Policy

by Usha C.V. Haley and George T. Haley

Book Overview

How did China move so swiftly in capital-intensive industries without labor-cost or scale advantage from bit player to the largest manufacturer and exporter in the world? This book argues that subsidies contributed significantly to China's success. Industrial subsidies in key Chinese manufacturing industries may exceed thirty percent of industrial output. Economic theories have mostly portrayed subsidies as distortive, inefficiently reallocating resources...

• Format: Hardcover
• Language: English
• ISBN: 0199773742
• ISBN13: 9780199773749
• Release Date: April 2013
• Publisher: OUP Us
• Length: 272 Pages
• Weight: 1.30 lbs.
• Dimensions: 0.7" x 6.3" x 9.6"