China's Long and Winding Road to Modernization: Uncertainty, Learning, and Policy Change interprets contemporary China's economic transformation from Austrian and evolutionary perspectives. Fu-Lai Tony Yu and Diana S. Kwan incorporate culture, institutions, government agents and entrepreneurship to understand economic change in China. In this book, Yu and Kwan emphasize the roles of uncertainty, learning and experimentation in policy making. Topics discussed range from a presentation of theoretical frameworks to understand China's economic transformation, an account of China's economic management during 1950-1978, the economic reformation after 1979 concurrent with Deng Xiaoping's Open Door Policy, and China's rise as a global power. These topics culminate in the final section of the book which suggests a path for China's modernization.
Fu-Lai Tony Yu is adjunct professor in the Department of Land Management at Feng Chia University. Diana S. Kwan is a teaching and learning administrator at the University College London.
Part I. Theoretical Framework Chapter 1. Mainstream Neoclassical School versus Austrian Economics: Efficiency versus Coordination Chapter 2. Interpreting Chinese History in Phenomenological Perspective Chapter 3. Origins of Chinese Way of National Management: Confucianism, Absolute Monarchy and Patriotism Part II. China's Economic Management during 1950-1978: Venturing into a Radical Socialist Regime Chapter 4. An Overview of China's Economic Transformation in Evolutionary Perspective: Uncertainty, Experimentation and Policy Change Chapter 5. The Cultural Revolution Revisited: Mao's Personality, Chinese Culture and Mentality Chapter 6. Uncertainty and Policy Making for a Public Mega Project in Communist China: The Case of the Three Gorges Dam Part III. Groping for Chinese Stones to Cross Turbulent Rivers: China's Economic Reform after 1979 Chapter 7. Leadership Selection and Power Succession: The Case of "Hu-Wen Team" Chapter 8. From Low-end 'Shanzhai' to High-end Brand Models: The Case of China's Mobile Phone Industry Chapter 9. Enter the Dragon Beer: Tsingtao Goes Global Part IV. China's Rise as a Global Power Chapter 10. Nationalism, Neo-mercantilist Policy and China's Rise as a Global Power Chapter 11. The US-China Trade Disputes and the Struggle of Hegemony in the Global Economy Chapter 12. Cultural Value Differences between the United States and China and their Impacts on Everyday Life, Innovation Capabilities and Combating Coronavirus Pandemic Part V. The Epilogue Chapter 13. Modernizing China in Japanese Way? The Role of Culture and Institution in Economic Development
