Capitalism with Chinese characteristics
Capitalism with Chinese characteristics by Yasheng Huang is a 2008 Business & Economics book written by TED speaker Yasheng Huang, paired here with the talk they gave.
The pairing
- Paired talk: "TEDGlobal 2013 talk" (2013), 3.6M views on TED.com
- Timing: Published 5 years before the talk.
- Edition: Cambridge University Press, 2008 · 348 pages
The paired TED talk
TEDGlobal 2013 talk (2013), the TED talk by Yasheng Huang.
From the publisher
Presents a story of two Chinas - an entrepreneurial rural China and a state-controlled urban China. In the 1980s, rural China gained the upper hand. In the 1990s, urban China triumphed. In the 1990s, the Chinese state reversed many of its rural experiments, with long-lasting damage to the economy and society. A weak financial sector, income disparity, rising illiteracy, productivity slowdowns, and reduced personal income growth are the product of the capitalism with Chinese characteristics of the 1990s and beyond. While GDP grew quickly in both decades, the welfare implications of growth differed substantially. The book uses the emerging Indian miracle to debunk the widespread notion that democracy is automatically anti-growth. As the country marks its 30th anniversary of reforms in 2008, China faces some of its toughest economic challenges and substantial vulnerabilities that require fundamental institutional reforms.