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China's Growth: The Making of an Economic Superpower Hardcover – 11 Apr 2013

by Linda Yueh (Author)
3.7 out of 5 stars 10 customer reviews
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Product details

  • Hardcover: 368 pages
  • Publisher: OUP Oxford; 1 edition (11 April 2013)
  • Language: English
  • ISBN-10: 0199205787
  • ISBN-13: 978-0199205783
  • Product Dimensions: 23.6 x 3.6 x 15.5 cm
  • Average Customer Review: 3.7 out of 5 stars  See all reviews (10 customer reviews)
  • Amazon Bestsellers Rank: 775,499 in Books (See Top 100 in Books)

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Product Description

Review

Overall, the author has managed to achieve her original purpose. She shows very well that Chinas rapid economic growth is the product of the economic policies of the government and also of an efficient private sector. (Ghasem Torabi, Europe-Asia Studies)

The coverage of China's economic growth could not be more comprehensive. (Carsten A. Holz, The China Journal)

About the Author

Linda Yueh is a fellow in economics at St Edmund Hall, University of Oxford, adjunct professor of economics at the London Business School, and visiting professor of economics at Peking University. Dr. Yueh directs the China Growth Centre at Oxford and is an associate of the Centre for Economic Performance and IDEAS research centre at the London School of Economics. She has been an advisor to, among others, the World Economic Forum in Davos, the World Bank, the European Commission, and the Asian Development Bank. She is also an economics broadcaster and has published widely in the areas of economics, law, globalisation, and development.

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3.0 out of 5 starsAcademic economist approach to the Chinese economy
By Zipster Zeus on 8 Oct. 2013
Format: Hardcover Vine Customer Review of Free Product ( What's this? )
This is a competent enough overview of the Chinese economic success story of the last three decades although with a couple of caveats.

First of all this is more of a detailed professional economist's take on the Chinese economy than a simpler, 'everyman' account. It therefore treads into text book territory more often than not. Also although it does investigate many of the differences and unique features in the Chinese business and social system, I couldn't get over the impression that the author saw these more as idiosyncrasies that need to be ironed out so that a full-on western capitalist model can be applied, as the Chinese masses [supposedly] so rightly deserve.

In that way this is very much I felt a neo-liberal take on the phenomenon of China- which is essentially a socialist market economy - and where from a western capitalist perspective, it should be heading- i.e. toward liberal global capitalism- which is pretty much summed up in the last chapter.

This makes the book to my mind strangely out of time; China has achieved high levels of growth through a planned economy that has embraced regulated markets but within a socialist context- not as is wrongly perceived much of the time in the West, through becoming capitalistic. Although it would be churlish to say Yueh doesn't adequately address this reality, the book still comes across as wedded to the ideal of liberal global capitalism, which as we all know, is failing now as a coherent economic system. Lots of good hard data here for the Economics student though...
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4.0 out of 5 starsThe Making of a Superpower - and how it can continue
By Blackcatlover on 16 Oct. 2013
Format: Hardcover Vine Customer Review of Free Product ( What's this? )
The astonishing thing to me about China's growth to become the world's second-largest economic superpower, isn't about the speed at which this has gained momentum over the last 30-or-so years, but why it took so long to occur in the first place!

This is given the fact that it has a population of over 1.2 billion - or comfortably over three times that of the USA.

Macro-economics can be a fascinating, often difficult subject and Linda Yuen copes well with all the data at her disposal to examine the reasons behind its huge growth 'spurt' (if a decades-long process can be described as such!), and the reforms it needs to carry out to make sure it continues onwards and upwards. Clearly written by an academic, it is nevertheless lucid and not too difficult a read.

However, how desireable is the economic growth of China to the rest of the world (and it IS very important for the global economy) in an age when it will allow more and more Chinese to be compete for the acquisition of precious, dwindling resources in a finite world?

Read this fascinating, only occasionally dry, account to make an informed decision on this and other important, related issues.
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3.0 out of 5 starsEconomics bereft of the human story
By Dolphin #1 HALL OF FAMETOP 100 REVIEWER on 22 Sept. 2013
Format: Hardcover Vine Customer Review of Free Product ( What's this? )
I had for some reason assumed that a book by the BBC's Business correspondent would be an accessible read. However, I had missed that Linda Yueh is also an economics fellow at Oxford. A few pages in and you would know it. After struggling with some of the economic data and analysis I confess that I ultimately skim read for the headlines. There was little of the human dimension to, well, humanise what is essentially an in-depth economic analysis rather than a three dimensional commentary. This is despite the fact that much of the commentary considers the micro economic dynamics.

My knowledge of economics was just about sufficient to follow some of the thread but to me it was just too dry and I wonder that even a rigidly economic treatise might not benefit from more case study and something to lighten the pages. I am not sure whether it is that I am just not up to this book but I have encountered many very high brow economists who can convey complex material in a scintillating manner. I must presume that this tome is for the already enlightened or those who do not need the wider picture to give meaning to the figures.
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4.0 out of 5 starsinteresting but more analytical than human interest...
By Mr. Darren P. Hammond VINE VOICE on 5 Dec. 2013
Format: Hardcover Vine Customer Review of Free Product ( What's this? )
Having studied Chinese for my degree I thought this would be a good read to give me some background on how China succeeded rising to power so quickly. I did find this book interesting to read although at times it was a bit dry with all the data it provided but still gave a fairly decent overview of how China managed its success... Politics and personal bias aside I felt it could have given more attention to how the Chinese rose to their power house status using their peculiar blend of socialism and capitalism rather than attempt to shoe horn it in to fit western ideals and models...

over all though a good read if a little hard to follow for those without a fairly good grounding in economic analysis...
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4.0 out of 5 starsInteresting times
By I. D. Watson on 4 Aug. 2013
Format: Hardcover Vine Customer Review of Free Product ( What's this? )
This is Dr Yueh's third book on the success story that is China and looks at the amazing economic growth that has resulted from Deng Xiaoping's pragmatic reforms, initiated only thirty years ago, from a microeconomic perspective. It is interesting to read how such concepts as guanxi, or the network of social relationships in Chinese society, have been an important driver in China's growth. The book has plentiful references and a full bibliography for further reading and is recommended as a way of understanding how China is positioning itself for when it may become the dominant economic power within the next decade. As the Chinese curse has it, we may all live in interesting times in the not too distant future!
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