《当代中国经济专题》
ECONOMIC ISSUES IN CONTEMPORARY CHINA
卢荻
中国人民大学经济学院、2012年国际学期选修课程
School of Economics, Renmin University of China, 2011 Summer School Course
上课地点：明商309 时间：14:00-17:30
星期一（7月16日，7月23日）
星期三（7月11日，7月18日，7月25日）
星期五（7月13日，7月20日，7月27日）
课程大纲：
The orientation of this course is towards China’s economic development in the period of the People’s Republic and only very brief consideration will be given to the historical context of the changes that have taken place during these years. Where appropriate, special emphasis will be placed on the nature, rationale and impact of the economic reforms implemented in China since 1979.
There is an extensive literature in English on China’s modern economic development, from which we have chosen a short reading list to accompany each of the topics discussed in the course. There are also some general works, noted below, which may serve as textbooks. Students are urged to consult one of these before proceeding to other sources.
Arrighi, Giovanni (2007) Adam Smith in Beijing: Lineages of the Twenty-First Century (London: Verso).
Bramall, Chris (2009) Chinese Economic Development (London: Taylor and Francis).
Chow, Gregory C. (2002) China’s Economic Transformation (Malden, Mass, USA and Oxford, Blackwell Publishers, 2002).
Lin, Justin Yifu, Fang Cai andZhou Li (2003) The China Miracle: Development Strategy and Economic Reform (Revised Edition), (Hong Kong, Chinese University of Hong Kong).
Naughton, Barry (2007) The Chinese Economy: Transitions and Growth (Cambridge and London: MIT Press).
Riskin, Carl (1987) China’s Political Economy: The Quest for Development Since 1949 (Oxford: Oxford University Press).
Yabuki, Susumu (1999) China’s New Political Economy: The Giant Awakes (Revised Edition) (Boulder, Col.: Westview).
Students should familiarise themselves with basic statistical indicators of China’s social and economic development by consulting the following:
China National Bureau of Statistics, China Statistical Yearbook (Zhongguo tongji nianjian)(Beijing: SSB Press, annually since 1981, combined Chinese-English edition since 1994), available for downloading from www.stats.gov.cn
World Bank, World Development Report (New York: OUP for the World Bank, annual), available for downloading from www.worldbank.org
The China Quarterly (CQ) remains the leading scholarly journal on twentieth-century China. During recent years, the journal has published a number of Special Issues, devoted to a particular theme.
Session 1 Overview: Modern China, Historical Capitalism, and Socialist Inspirations
Arrighi, G. (2007) Adam Smith in Beijing: Lineages of the Twenty-First Century, ch.10-11, (London: Verso).
Frank, A.G. (1998) ReOrient: Global Economy in the Asian Age, ch.7 (University of California Press).
Lardy, N.R. (1987) ‘Economic recovery and the 1st Five-Year Plan’, in R. MacFarquhar and J.K. Fairbank (eds.) The Cambridge History of China, vol.14, The Emergence of Revolutionary China, 1949-1965 (Cambridge: CUP).
Li, M. (2008) The Rise of China and the Demise of the Capitalist World Economy, ch.1 (London: Pluto).
Mao, Z. (1939) ‘The Chinese revolution and the Communist Party of China’, Selected Works of Mao Zedong.
Meisner, M. (1999) Mao’s China and After, ch.6-7 (3rd edition, New York: The Free Press).
Pomeranz, K. (2001) The Great Divergence: China, Europe, and the Making of the Modern World Economy,Introduction (Princeton University Press).
Riskin, C. (1987) China’s Political Economy: The Quest for Development Since 1949, ch.1-5 (OUP).
Questions for Discussion：
(1) What is the New Democracy? How is it related to the Maoist conception of the pre-1949 Chinese political economy?
(2) “China’s adoption of the Soviet-type central planning system in its First Five-Year-Plan period (1953-1957) was a spectacular success, but that success was not sustainable.” Discuss.
Session 2 The Quest for Alternative Models of Socialist Modernization
Gao, M. (2008) The Battle for China’s Past: Mao and the Cultural Revolution, ch.5, 7-8 (London: Pluto).
Lardy, N.R. (1987) ‘China’s economy under stress, 1958-1965’, in R. MacFarquhar and J.K. Fairbank (eds.) The Cambridge History of China, vol.14, The Emergence of Revolutionary China, 1949-1965(Cambridge: CUP).
Li, M. (2008) The Rise of China and the Demise of the Capitalist World Economy, ch.2 (London: Pluto).
Meisner, M. (1999) Mao’s China and After, ch. 11-13, 15 (3rd edition, New York: The Free Press).
Naughton, B. (1988) ‘The Third Front: defence industrialization in the Chinese interior’, The China Quarterly, no.115.
Perkins, D.H. (1991) ‘China’s economic policy and performance’, in R. MacFarquhar and J.K. Fairbank (eds.) The Cambridge History of China, vol.15, Revolutions within the Chinese Revolution, 1966-1982 (Cambridge: CUP).
Riskin, C. (1987) China’s Political Economy: The Quest for Development Since 1949, ch.6-10 (Oxford:OUP).
Questions for Discussion：
(1) Discuss the ideological underpinnings of the Great Leap Forward. Are the ideas of economic development thereof logically consistent to the actual state policies adopted, and the economic outcomes that followed?
(2) Analyse the achievements and shortcomings of (a) the Third Front programme, and (b) the administrative decentralisation of economic power, during the ‘Cultural Revolution Decade’ (1966-76).
Session 3 New Departures: Economic Reform and Integration into the World Market
Arrighi, G. (2007) Adam Smith in Beijing: Lineages of the Twenty-First Century, ch.12, (London: Verso).
Bramall, C. (2009) ‘Out of the darkness: Chinese transition paths’, Modern China, 35 (4): 439-449.
Gao, M. (2008) The Battle for China’s Past: Mao and the Cultural Revolution, ch.9-10 (London: Pluto).
Hart-Landsberg, M. and P. Burkett (2004) China and Socialism: Market Reforms and Class Struggle, a special issue of Monthly Review, July-August 2004, ch.1-2.
Li, M. (2008) The Rise of China and the Demise of the Capitalist World Economy, ch.3 (London: Pluto).
Lo, D. and Y. Zhang (2011) “Making sense of China’s economic transformation”, Review of Radical Political Economics, 43 (1): 33-55.
Meisner, M. (1999) Mao’s China and After, ch.22 & ch.25 (3rd edition, New York: The Free Press).
Naughton, B. (2007) The Chinese Economy: Transitions and Growth, ch.4 (Cambridge and London: MIT Press).
Rawski, T.G. (1999) ‘Reforming China’s economy: what have we learned?’, The China Journal, 41: 139-156.
Questions for Discussion：
(1) Depict the essential features of China’s reformed economic system after 1978. How far do they represent a break with the pre-reform system?
(2) Evaluate the theses of “super-exploitation” and “under-cutting” in the explanation of China’s economic transformation.
Session 4 Economic Growth, Industrialization, and Enterprise Development
Cheng, Y.-S. and D. Lo (2002) ‘Explaining the financial performance of China’s industrial enterprises: beyond the competition-ownership controversy’, The China Quarterly, no.170: 413-440.
Jefferson, G.H., T.G. Rawski, L. Wang and Y. Zheng (2000) ‘Ownership, productivity change, and financial performance in Chinese industry’, Journal of Comparative Economics, 28: 786-813.
Lardy, N.R. (1999) ‘China’s economic growth in an international context’, The Pacific Review, 12 (2): 163-171.
Lin, Y.-M. and T. Zhu (2001) Ownership restructuring in Chinese state industry: an analysis of evidence on initial organizational changes. The China Quarterly, 166: 305-41.
Lo, D. (2007) “China’s quest for alternatives to neo-liberalism: market reform, economic growth, and labor”, The Kyoto Economic Review, 76 (2): 193-210.
Lo, D, and G. Li (2011) “China’s economic growth, 1978-2007: structural-institutional changes and efficiency attributes”, unpublished paper.
Naughton, B. (2007) The Chinese Economy: Transitions and Growth, ch.6, 12-13 (Cambridge and London: MIT Press).
Woo, W.T. (1999) ‘The real reasons for China’s growth’, The China Journal, 41 (2): 115-137.
Zheng, J., A. Bigsten, and A. Hu (2009) “Can China’s growth be sustained: a productivity perspective”, World Development, 37 (4): 874-888
Questions for Discussion：
(1) Discuss the contribution of neoclassical growth-accounting analysis to the understanding of China’s post-1978 economic growth. Discuss also possible alternatives to this analysis.
(2) “China's state-owned industrial enterprises remain a drag on the economy during the reform era – even though their efficiency might be improving” (World Bank 1996).
Session 5 Finance, Money, and Macroeconomic Control
Allen, F., J. Qian and M. Qian (2008) ‘China's financial system: past, present, and future’, in L. Brandt and T.G. Rawski (eds.) China's Great Economic Transformation (Cambridge: Cambridge University Press).
Cargill, T.F. and E. Parker (2001) ‘Financial liberalization in China: limitations and lessons of the Japanese regime’, Journal of the Asia Pacific Economy, 6 (1): 1-21.
Cheng, H.S., H.G. Fong and T. Mayer (1997) ‘China’s financial reform and monetary policy: issues and strategies’, in US Congress Joint Economic Committee, China’s Economic Future: Challenges to US Policy (New York: M.E. Sharpe).
Hussain, A. and N. Stern (2008) ‘Public finances, the role of the state, and economic transformation, 1978-2020’, in Jiwei Lou and Shuilin Wang (eds.) Public Finance in China: Reform and Growth for a Harmonious Society, Washington, D.C., the World Bank.
Laurenceson, J. and J.C.H. Chai (2001) ‘State banks and economic development in China’, Journal of International Development, 13: 211-225.
Laurens, B.J. and R. Maino (2007) ‘China: strengthening monetary policy implementation’, IMF Working Paper no.WP/07/14, www.imf.org
Leung, M.-K. and V.W.-K. Mok (2000) ‘Commercialization of banks in China: institutional changes and effects on listed enterprises’, Journal of Contemporary China, 9 (23): 41-52.
Naughton, B. (2007) The Chinese Economy: Transitions and Growth, ch.18-19 (Cambridge and London: MIT Press).
Pei, M. (1998) ‘The political economy of banking reforms in China, 1993-1997’, Journal of Contemporary China, 7 (18), 321-350.
Yang, D. (2006) ‘The marketization of Chinese banking and the trade-off between the efficiency of resources allocation and money creation’, available from http://www.seruc.com/bgl/paper.htm
Questions for Discussion：
(1) “The looming financial and economic crisis will put China in a position that is closer to Indonesia than to South Korea.” Discuss, with reference to Chinese economic performance post-1998.
(2) “The sharp contrast in development record between China and countries of the former Soviet bloc in the 1980-90s indicates that, with respect to systemic transformation, gradualism is a more reasonable approach than big bang.” Comment.
Session 8 Concluding Discussion and Assessment