TY - BOOK AU - Mantzopoulos,Victoria L. AU - Shen,Raphael TI - The political economy of China's systemic transformation: 1979 to the present SN - 9780230103030 (hardback) AV - HC 427.92 M293p 2011 U1 - 330.951 PY - 2011/// CY - New York PB - Palgrave Macmillan KW - Investments, Foreign KW - China KW - Inversiones extranjeras KW - Economic policy KW - 1976-2000 KW - 2000- KW - Economic conditions KW - Política económica KW - Condiciones económicas N1 - Machine generated contents note: -- Legacies from Mao * The Political Economy of Reform After Mao * Reform Approach and Framework * Foreign Investment * Foreign Trade Reform * A Comparative Performance * Successes * Anomalies, Challenges * Concluding Observations N2 - "After three decades of reign, Mao left China a structurally rigid and functionally inefficient economy. The imperative for systemic transformation was self-evident. By 2009, China's nominal GDP reached $4.9 trillion. Its 2010 foreign reserve is in excess of $2.4 trillion. China has surpassed Japan as the second largest economy in the world. A statistical analysis of four countries indicates political stability and social calm helped gain the confidence of needed foreign investments. For China, it is foreign investment that has been fueling its export growth which in turn is most instrumental in its development path"-- ER -