This book's starting point is that after two decades of experiments, during which other transition economies have effectively privatised all of their former state enterprises, China is still endeavouring to find a way to reinvent and re-engineer its own state-owned economic establishments. The...

The book compares the 1954-79 labour productivity record of 5 expanding public sector industries to that of 24 expanding, capital intensive, mass-production industries in the British private sector. The author shows that the public sector industries' labour productivity growth was significantly...

1. The failure of good intentions : the collapse of American telecommunications after six years of Deregulation -- 2. Road networks : efficiency, externalities and consumer choice -- 3. The Enterprise Act : pluses and minuses for competition policy -- 4. Ofcom and light touch regulation -- 5....

Contents: Preface -- 1. State-owned enterprise, government, and the innovation ecosystem -- 2. Formation of the dual innovation systems in China -- 3. State Grid and user-driven innovation: the case of ultra-high voltage power transmission -- 4. TD-SCDMA, LTE-TDD, and China Mobile: catch-up and...

1. Introduction -- 2. Key concepts -- 3. The historic debate -- 4. Profit maximization is only part of the answer -- 5. Organizational mortality and its fruits -- 6. Causes of organizational failure -- 7. Uncontrollability -- 8. Empirical evidence -- 9. The soft constraint syndrome -- 10. When...

China in the Global Economy focuses on the theme of twin transitions occurring in the Chinese economy: the transition from a centrally planned economic system to a market oriented one, and from an agrarian to a modern industrialised society. China's exporters face unprecedented competition in...

This judicious selection of recent essays demonstrates the applicability of the fundamental principles of neo-Schumpeterian economics, namely, innovation and uncertainty. The authors demonstrate how neo-Schumpeterian economics is developing into a comprehensive economic theory encompassing...

1. Does economic growth ultimately lead to a "noble life"? : a comparative analysis of the predictions of Mill, Marshall and Keynes / Arrigo Opocher -- 2. The debate on education financing in the classical perspective / Mario Pomini -- 3. The role of the public sector in the thought of Hyman...