Author:T.K. Bhaumik

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Old China's New Economy: The Conquest by a Billion Paupers

By: T.K. Bhaumik

Price: $8.95

Publisher: New Delhi, India, Sage Publications: 2009

Edition: First Edition

Seller ID: 028136

ISBN: 8178298627

Condition: New


A new China was born in 1949. After thousands of years of feudalism, in six decades the economy has undergone a change from Mao (read socialist economy) to market (socialist market economy). Old China's New Economy: The Conquest of a Billion Paupers, presents a comprehensive analysis of the rise and growth of the Chinese economy since the beginning of the country's transition to a socialist market economy, highlighting the critical role of two major change agents - the government and the people. While the credit goes to the former for successful transition to a high growth economy, there is an... View more info