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The recent economic rise of China and India has attracted a great deal of attention--and justifiably so. Together, the two countries account for one-fifth of the global economy and are projected to represent a full third of the world's income by 2025. Yet, many of the views regarding China and India's market reforms and high growth have been tendentious, exaggerated, or oversimplified.Awakening Giants, Feet of Clayscrutinizes the phenomenal rise of both nations, and demolishes the myths that have accumulated around the economic achievements of these two giants in the last quarter century. Exploring the challenges that both countries must overcome to become true leaders in the international economy, Pranab Bardhan looks beyond short-run macroeconomic issues to examine and compare China and India's major policy changes, political and economic structures, and current general performance. Bardhan investigates the two countries' economic reforms, each nation's pattern and composition of growth, and the problems afflicting their agricultural, industrial, infrastructural, and financial sectors. He considers how these factors affect China and India's poverty, inequality, and environment, how political factors shape each country's pattern of burgeoning capitalism, and how significant poverty reduction in both countries is mainly due to domestic factors--not global integration, as most would believe. He shows how authoritarianism has distorted Chinese development while democratic governance in India has been marred by severe accountability failures. Full of valuable insights,Awakening Giants, Feet of Clayprovides a nuanced picture of China and India's complex political economy at a time of startling global reconfiguration and change.

\"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\"-- Provided by publisher.

During the past 30 years, China has undergone extensive economic reform, replacing the government’s administration of enterprises with increasing levels of market-oriented enterprise autonomy. At the heart of the reform are changes in the employment relationship, where state control has been superceded by market relationships. These reforms have had far-reaching implications for many aspects of everyday life in Chinese society. This book appraises the impact of the economic reforms on the employment relationship and, in turn, examines the effects on individual workers and their families, including salaries, working conditions and satisfaction, job security and disparities based on location, gender, age, skill, position and migrant status. In particular, it focuses on how changes in the employment relationship have affected the livelihood strategies of households. It explores the changing human resource management practices and employment relations in different types of enterprises: including State-Owned Enterprises, Foreign-Owned Enterprises and Domestic Private Enterprises; throughout different industries, focusing especially on textiles, clothing and footwear and the electronics industry; and in different regions and cities within China (Beijing, Haerbin, Lanzhou, Hangzhou, Wuhan and Kunming). Overall, this book provides a detailed account of the everyday implications of economic reform for individuals and families in China. 1. Introduction 2. Economic reform and its industrial and social impact 3. Management, workers and conditions of employment 4. Worker representation and emerging roles for trade unions 5. Enterprise performance and intangible management 6. Market-oriented economic reform and the quality of working life 7. Work, households and livelihoods 8. Economic reform and its impact on management, enterprises and workers \"It covers an interesting range of topics within and outside the realm of economics as such, such the impact on managers and workers, as well as on human resource management and trade unions, amongst others.]...[The work is clearly-written, will have somewhat wider readership on campus and is one might say appropriate for both an undergraduate and postgraduate audience, even possibly of some potential appeal to MBA students.\" – Malcolm Warner, Asia Pacific Business Review, 2010 \"This book is a welcome addition to the macro-economic studies of China’s 30 years of economic reform. It sets out to illustrate how economic reform has driven changes in management systems and employment relations and how such changes have influenced the performance of enterprises, worker satisfaction and workers’ households and livelihoods. The detailed survey data and statistical analysis mean the book achieves this goal in great detail... As it stands, the work will largely be of interest to comparative scholars of human resource management and employment relations and to comparative economists interested in a closer appraisal of China’s market-oriented economic reforms.\" - Jason Young, Victoria University of Wellington; New Zealand Journal of Asian Studies, 13.1 (June 2011) Ying Zhu is Associate Professor in the Department of Management and Marketing, University of Melbourne, Australia. He is the co-editor of Trade Unions in Asia ; Unemployment in Asia ; and Management in Transitional Economies: From the Berlin Wall to the Great Wall of China (both published by Routledge). Michael Webber is Professorial Fellow in the School of Resource Management and Geography, University of Melbourne, Australia. He is the co-editor of China’s transition to a global economy and co-author of Global Restructuring: the Australian Experience . John Benson is Professor and Head of the School of Management at the University of South Australia. His most recent publications include (as co-editor) Unemployment in Asia ; Asian Business: Women and Management ; and Trade Unions in Asia (both published by Routledge).

Introduction / Wanning Sun and Yingjie Guo -- Political power and social inequality. the impact of the state / Yingjie Guo -- Inequality and culture. a new pathway to understanding social inequality / Wanning Sun -- Between social justice and social order. the framing of inequality / David Kelly -- Temporality as trope in delineating inequality. progress for the prosperous, time warp for the poor / Dorothy Solinger -- Uneven development and the time/space economy / Carolyn Cartier -- The great divide. institutionalized inequality in market socialism / Beibei Tang and Luigi Tomba -- Education and inequality. education and equality / Andrew Kipnis -- (in)equality under the law in China today / Colin Hawes -- Between entitlement and stigmatization. the lessons of HIV/AIDS for China's medical reform / Johanna Hood -- Grassroots activism. non-normative sexual politics in post-socialist China / Lisa Rofel -- Gender as a categorical source of property inequality in urbanizing China / Sally Sargeson -- Law of the land or land law? notions of inequality and inequity in rural Anhui / Graeme Smith -- What's wrong with inequality. power, culture and opportunity / David S. G. Goodman.

Grounded on a series of first-hand interviews with Chinese government officials, this book examines China’s accession to the World Trade Organization, providing an ‘inside’ look at Chinese WTO accession negotiations. Presenting a systematic political economy model in analyzing Beijing’s decision-making mechanisms, the book argues that China’s WTO policy making is a state-led, leadership driven, and top-down process. Feng explores how China’s determined political elite partly bypassed and partly restructured a largely reluctant and resistant bureaucracy, under constant pressure from an increasingly globalized international system. By addressing China’s accession to the WTO from a political analysis perspective, the book provides a theoretically informed and intriguing examination of China’s foreign economic policy making regime. The book highlights contemporary debates relating to state and institutionalist theory and provides new and useful insights into a significant development of this century.

China's economic performance over the past 30 years has been remarkable. The report is based on the strong conviction that China has the potential to become a modern, harmonious, and creative high income society by 2030. The report proposes six strategic directions for China's new development strategy: 1) rethinking the role of the state and the private sector to encourage increased competition in the economy; 2) encouraging innovation and adopting an open innovation system with links to global research and development networks; 3) looking to green development as a significant new growth opportunity; 4) promoting equality of opportunity and social protection for all; 5) strengthening the fiscal system and improving fiscal sustainability; and 6) ensuring that China, as an international stakeholder, continues its integration with global markets.