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Modernizing China’s Industries |
Colin G. Brown, Scott A. Waldron and John W. Longworth, The University of Queensland, Australia
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| 2005 |
256 pp |
Hardback |
978 1 84376 591 2 |
$130.00 |
on-line discount
$117.00 |
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‘This book is more than “yet another industry report”. This is a book on transition. It describes the mega-forces – privatization; state-owned enterprise reform; internationalization; increasing competition – and their mega-consequences – the proliferation of small, private traders; the diversification of the process sector; the disintegration of government agencies and private initiatives that had been in charge of coordinating and managing quality – that not only affected the wool sector, but are literally re-defining the fabric of China’s economy. For those interested in trying to better understand the fastest growing economy in the world, this is a must read. Neither the authors’ competence in wool technology nor their description of the institutional details of the wool economy gets in the way of their main message. Powerful economic forces are at work in China. In some cases there are positive benefits – through competitive and improved incentives. In other cases, however, there is a cost in terms of rising transaction costs, imperfect information and the inability to rationalize the evolving supply chains.’
– Scott Rozelle, University of California, US
Exposed to powerful new economic forces, and undergoing dramatic ownership reforms and technological changes, China’s industries are modernizing at a breakneck pace. In many industries, the outcomes have been chaotic and poorly aligned with societal objectives. This book analyses the transformation and modernization of China’s industries through a detailed investigation of the wool and wool textile industries. The authors argue that to remain internationally competitive in the post WTO accession era, Chinese industries need to confront a critical new phase in the modernization process – that of improving management practices and industry co-ordination.
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Contents: Preface 1. Mega-forces and Mega-consequences 2. Wool Textiles and Industry Transformation 3. Evolving Institutions 4. Changing Marketing Channels 5. Restructuring the Processing Sector 6. ReformingTrading Arrangements 7. Redesigning Domestic Raw Material Supply Chains 8. Reorganizing Domestic Raw Material Production 9. Understanding and Improving Industry Transformation References Index
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