Latest / New Books in Economic and Business History
Isabella M. Weber, "How China Escaped Shock Therapy: The Market Reform Debate" (Routledge, 2021)
China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country's rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China's path. In the first post-Mao decade, China's reformers were sharply divided. They agreed that China had to reform its economic system and move toward more marketization - but struggled over how to go about it. Should China destroy the core of the socialist system through shock therapy, or should it use the institutions of the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.