Brief Description
This book examines China's foreign direct investment inflows as a function of the imperfections in their economy.
Learn More about the Book
This book about China's integration into the world economy proposes a radically different perspective. Most economists view China's large foreign direct investment (FDI) inflows as the result of China's economic success. This study views the same phenomenon as a function of the imperfections in the Chinese economic system. It uses economic theory to explain FDI to a greater extent than previous studies on the same topic. It also presents comparative FDI data of additional countries, making it more comprehensive than previous studies which focused only on China.
About the Author
Yasheng Huang is Associate Professor at the Sloan School of Management, Massachusetts Institute of Technology. He formerly taught at the Harvard Business School. Professor Huang is also the author of Inflation and Investment Controls in China (Cambridge, 1996). He is a recipient of the Social Science Research Council - McArthur Foundation Fellowship.
Review Quotes
1. "Selling China argues that China not only gets more direct investment than any other developing country, but that it is dependent on it because its own financial sector is sickly, leaving billions in Chinese savings idle while billions from across the seas are invested at higher cost. Students of China's economic development... will read Huang's careful analysis for its logic and scholarship, and because it is the best available quantification of the size and meaning of foreign investment in China. Business managers, bankers and money managers who think of foreign investment as reassurance will read this book with sobriety, and be better prepared to succeed in the next phase of Chinese economic reformation as a result. Chinese leaders themselves will read this powerful book..." Daniel Rosen, Visiting Fellow, Institute for International Economics
2. 'Professor Huang is fast becoming one of the most influential voices in the American academy on the subject of the Chinese economy. This is a book that will have a major impact on scholars and indeed on investors, and maybe even on China itself. It will surely change the way that contemporary Chinese political economy is studied and taught in universities.' William Kirby, Harvard University
3. 'Professor Huang's innovative work over many years on the role of foreign direct investment in China's economic development is distilled and elaborated in this book. He provides a novel, carefully documented, and rigorously argued analysis which carries with it important implications both for scholars and policymakers concerned with China's continued economic reform efforts.' Charles Wolf, Jr., RAND
4. 'A fresh and fascinating perspective on the role of foreign investment in China. Huang counters the praise common in discussions of Chinese development by arguing that high levels of foreign investment arise, in part, from the failure of the Chinese state to allocate domestic savings efficiently. The book is sure to provoke debate over Chinese development model as the country moves toward full membership in the World Trade Organization.' Susan Rose-Ackerman, Yale University
5. ..."an impressive amount of data...and...an important contribution to the literature." Finance and Development
6. "With precision and authority, Huang's book now represents the new benchmark for all future work on China's political economy." The Journal of Asian Studies
7. ..."Huang's book has a great deal to commen it and its analysis is essential for those trying to understand China's integration into the world economy." - Pacific Affairs, Christopher Howe, School of Oriental and African Studies, London, UK
8. .,."an impressive amount of data...and...an important contribution to the literature." Finance and Development
9. .,."Huang's book has a great deal to commen it and its analysis is essential for those trying to understand China's integration into the world economy." - Pacific Affairs, Christopher Howe, School of Oriental and African Studies, London, UK
10. ."..an impressive amount of data...and...an important contribution to the literature." Finance and Development
11. ."..Huang's book has a great deal to commen it and its analysis is essential for those trying to understand China's integration into the world economy." - Pacific Affairs, Christopher Howe, School of Oriental and African Studies, London, UK
12. ..".an impressive amount of data...and...an important contribution to the literature." Finance and Development
13. ..".Huang's book has a great deal to commen it and its analysis is essential for those trying to understand China's integration into the world economy." - Pacific Affairs, Christopher Howe, School of Oriental and African Studies, London, UK
14. "Professor Huang's innovative work over many years on the role of foreign direct investment in China's economic development is distilled and elaborated in this book. He provides a novel, carefully documented, and rigorously argued analysis which carries with it important implications both for scholars and policymakers concerned with China's continued economic reform efforts." Charles Wolf, Jr., RAND
15. "Selling China should be recommended to scholars and practitioners interested in China's political economy. It provides an innovative and rigorously argued analysis with important implications both for scholars and policymakers concerned with China's continued economic reform efforts. Such a thought-provoking book will surely spark hot debate over China's reform model as the country fulfills its commitments to the WTO." China Business Review
