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The First Tung Chee-hwa Administration
This book is a study of the administration of Hong Kong's government under the leadership of Tung Chee-hwa during a time when Hong Kong was changing politically and economically. The contributors address the following questions: To what extent are government policies consistent with those of colonial rule? What does "one country two systems" mean, and to what extent has the Tung regime been successful in safeguarding this principle? How responsible are external economic forces for the apparent deterioration of the Hong Kong economy? Who are affected most by the restructuring of the economy, and what are some of the long-term implications for Hong Kong as an important world financial center? How do people in general perceive these changes? What are some of the most effective economic and social policy measures that the Tung government has initiated? Finally, how successful has the Chief Executive been during his five years in office?
Greater China
This book, first published in 1996, focuses on the possible (but problematic) emergence of a so-called ‘Greater China’ encompassing mainland China, Taiwan and Hong Kong, and the economic reforms, inward investment, spatial disparities, and changes to business culture that would ensue. The similarities, differences, underpinnings, results and prospects for the future of Greater China are analysed in close detail in the chapters collected here.
Sustaining Global Growth and Development
Sustaining Global Growth and Development focuses on the new challenges for sustaining growth in the twenty-first century and the role of the G7 and IMF in meeting these challenges amidst the new processes of regionalism now emerging. The volume has three central purposes: · to assess how and how well the G7 has addressed its core 2002 agenda of sustaining global growth, reducing poverty in Africa, and combating terrorism and its financing · to examine how the IMF has approached these issues, and related work of the G7 · to explore how the G7, IMF and other international institutions are addressing global growth and development challenges in the context of the new processes of regionalism. Pressures such as currency consolidation in Asia and economic union in Africa are studied. This book builds on previous volumes in the series with a heavy focus on the World Bank, the regional development banks and the many other international institutions that work in the field of development.
Conceptualizing the Regulatory Thicket
This book examines the regulatory framework, regulatory objectives, regulatory logics, regulatory instruments, regulatory failures, and regulatory responses in China’s financial market after the global financial crisis. The book provides an in-depth analysis of China’s contemporary financial regulatory system, focusing on risks, regulation, and policies in practice. By drawing on public and private interest theories relating to financial regulation, the book contends that the controlled development of the banking sector, and the financial sector generally, has transformed China’s banks into more market-oriented institutions and increased public sector growth. However, China’s financi...
The Dynamics of Social Movements in Hong Kong
Studies of Hong Kong society have long focused one-sidedly upon economic prosperity and political stability. Contributors to this volume redress this imbalance by taking a critical view of Hong Kong's political development from the perspectives of social conflict and collective action. Instead of looking at Hong Kong from the top, this volume documents the active role played by local actors from below (political groups, student activists, trade unions, women groups, environmentalists, and community organizers) and their impact on social and political development in Hong Kong society in the context of political transition and democratization, economic restructuring, and an emergent local identity.
Rural China Takes Off
In this incisive analysis of one of the most spectacular economic breakthroughs in the Deng era, Jean C. Oi shows how and why Chinese rural-based industry has become the fastest growing economic sector not just in China but in the world. Oi argues that decollectivization and fiscal decentralization provided party officials of the localities—counties, townships, and villages—with the incentives to act as entrepreneurs and to promote rural industrialization in many areas of the Chinese countryside. As a result, the corporatism practiced by local officials has become effective enough to challenge the centrality of the national state. Dealing not only with the political setting of rural industrial development, Oi's original and strongly argued study also makes a broader contribution to conceptualizations of corporatism in political theory. Oi writes provocatively about property rights and principal-agent relationships and shows the complex financial incentives that underpin and strengthen the growth in local state corporatism and shape its evolution. This book will be essential for those interested in Chinese politics, comparative politics, and communist and post-communist systems.
Institutions in Transition
China's urban sprawl has led to serious social cleavages. Unclear land and property rights have resulted in an uneasy alliance between real estate companies and local authorities, with most willing to strike illegal deals over land. The results have been devastating. Farmers live in fear that the land they till today will be gone tomorrow, while urban citizens are regularly evicted from their homes to make way for new skyscrapers and highways. These shocking incidents underscore the urgency of the land question in China. The recent conviction of the Chinese Minister for Land Resources and the forced evictions that have led to the injury and death of ordinary Chinese citizens highlight the case for land reform. Against this backdrop, many scholars criticize China's lack of privatization and titling of property. This monograph, however, demonstrates that these critically depend on timing and place. Land titling is imperative for the wealthier regions, yet, may prove detrimental in areas with high poverty. The book argues that China's land reform can only succeed if the clarification of property rights is done with caution and ample regard for regional variations.
Uneven Development in the Third World
The book defines uneven development in terms of development strategies and their outcomes. Drawing on case-studies from China and India, three types of strategy are discussed: heavy industrialisation, sectoral/regional balance, and economic liberalisation. Also three kinds of outcomes are examined: growth of output and productivity, income, consumption and class inequalities in three spatial dimensions - intra-regional, inter-regional and rural-urban. Furthermore, access to and utilisation of technology, health and educational services are compared.
East Asia's Monetary Future
Leading scholars from East Asia, Europe and the US contribute new insights to the key questions facing the organization and future of the monetary system in East Asia. Central questions discussed and analysed in the book include, amongst others: should the region move towards monetary union? Should countries peg their exchange rates to the US dollar? Is complete dollarization an option for East Asia? The authors argue that, having realized price stability over the last twenty years, in contrast to Latin America and Africa, the next logical step would be the gradual formation of various currency blocs within the region. This comprehensive discussion of the fundamental issues at stake will ensure the book's appeal to academics and researchers of Asian studies and financial economics. Financial experts working in this area and policymakers will also find much of interest to them within this book.
