How State-owned Enterprises Drag on Economic Growth

Beschreibung

Using a series of studies, this book shows that ownership structure plays a major role in the national economy as a whole. Inefficient State Owned Enterprises (SOE's) damage the development of private enterprises and overall economic growth in various ways. The policy implications are very clear: in order to achieve healthy and fast economic development, there must be a radical reform of SOEs. Moreover, the aim of the SOE reform is not just to highlight the enterprises’ efficiency, but also create favorable conditions for financial deregulation, elimination of market segmentation, weakened market monopoly, and balanced regional economic development. The book argues that SOE reform is pivotal to stimulating general economic reform and development in order for China to achieve a smooth transition to a mature market economy.
Using a series of studies, this book shows that ownership structure plays a major role in the national economy as a whole. Inefficient State Owned Enterprises (SOE's) damage the development of private enterprises and overall economic growth in various ways. The policy implications are very clear: in order to achieve healthy and fast economic development, there must be a radical reform of SOEs. Moreover, the aim of the SOE reform is not just to highlight the enterprises’ efficiency, but also create favorable conditions for financial deregulation, elimination of market segmentation, weakened market monopoly, and balanced regional economic development. The book argues that SOE reform is pivotal to stimulating general economic reform and development in order for China to achieve a smooth transition to a mature market economy.
Redefine the efficiency loss of SOEs, to explore possible ways in which SOEs impede economic growth and thus to provide consistent explanations for the phenomena during the China’s reform Gives very clear policy recommendations: in order to achieve healthy and fast economic development, we must unswervingly carry out reform of SOEs Provides accurate data and reasoned conclusions based on in-depth investigations Contributes to China's SOE reform

Autor*in

Ruiming Liu

Themen in »How State-owned Enterprises Drag on Economic Growth«

China Economy Economic Reform Efficiency Loss Ownership Structure Soft Budget Constraints State-owned Enterprises

Stimmen zu »How State-owned Enterprises Drag on Economic Growth«

Details

Link teilen