Synopsis
This book examines how China's decentralization process has affected and will affect the country's macroeconomic performance and the market function. With an innovative application of game theory, the author develops an analytical framework that can explain the behaviour of the central and local governments under alternative institutional environments. The study also suggests how to establish desirable rules of games in China's political and economic institutions through appropriate reforms. This book is particularly suitable for students and researchers studying the Chinese economy, but it will also appeal to economists and political scientists working on intergovernmental relations in other countries.
Booknews
A public policy specialist with the World Bank in Washington, D.C. examines how the economic decentralization in China over the past 15 years has changed the role of each level of government, and predicts how it will affects the country's macroeconomic performance and the market's function. He applies game theory to develop an analytical framework to explain the behavior of the central and local governments under alternative institutional environments. The findings would interest students of the Chinese economy; the methodology might interest economists in general. Based on a doctoral dissertation for Georgetown University. Annotation c. by Book News, Inc., Portland, Or.