Managed Chaos
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Managed Chaos

The Fragility of the Chinese Miracle


© 2009 | 204 pages | SAGE Publications Pvt. Ltd
Managed Chaos: The Fragility of the Chinese Miracle reads into the Chinese politics and economy and the disparate status and position of the two domains. On one hand, its economy has sustained a near 10 per cent growth rate for 30 years, while, on the other, trapped in an incomplete transition from a totalitarian to a democratic market economy, politically the country is still considered a fragile state. This book helps the reader resolve this incongruity through its inference.

The defining features of this book are:
- Armed with an original application of Michal Kalecki’s theory of intermediate regimes, it provides an explanation of China’s explosive growth.
- It indicates the formation of a new stratum, through winding up of centralised planning, the stratum of ‘proto-bourgeoisie’, consisting of the local cadres of the communist party, who can counter the central cadres for capturing investible resources of the state.
- It creates a single politic-economic model that explains China’s economic and political development. The causal connections in the model make it possible to predict China’s future, and the challenges it faces.

This book makes a significant contribution to the literature on Chinese political economy over the past three decades. It is a must read for all discerning and informed readers. It will also be valuable for policy makers and students and researchers working in the areas of international relations, Chinese studies and political economy.
Preface
Mixed Feelings
Conflicting Views on China's Development
Double Digit Growth?
'Friction-free' Growth?
'Cadre' Capitalism
Why Purely Economic Remedies Have Not Worked
An Ancient Struggle in a New Guise
Recession and the Birth of Class Conflict
The Emergence of a Predatory State
Retaining the Mandate of Heaven
The Challenge Ahead
Notes
References
Index

[The author] has written this book to convey the reader how the Chinese state functions. For this, he has widened the scope of enquiry to include the interaction of China’s economic system with its political system, and made a fairly good job of explaining the past pattern of its development…. Jha has blended the story quite skillfully and it will be worthwhile for one to fully read this book.

Business India

The incisive analysis of the vulnerabilities of the Chinese economy presented in this book is supported by a mass of statistics and data. Jha’s research is thorough and derives from Western and Chinese studies. Managing Chaos is a serious work. The book is essential reading for those trying to understand the Chinese economic miracle.

IDSA

The book gives a balanced view of China's politi­cal economy and is highly recommended for China watchers.

Freedom First

I would definitely recommend that you pick up a copy of Jha’s book. Brilliantly researched, it delves deep into both: the country’s economic narrative that helped China sustain a near 10 percent growth rate for more than three decades and the political narrative that China is an increasingly fragile state that remains wrapped in what economists say is nothing but an incomplete transition from a totalitarian to a democratic market economy.

Tehelka

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ISBN: 9788132100768
38.95 CAD
£31.00
595.00 INR
$37.00

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