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1、ThispageintentionallyleftblankFromMaotoMarketRentSeeking,LocalProtectionism,andMarketizationinChinaInhisbookFromMaotoMarket,AndrewWedemanarguesthatChinasucceededinmovingfromaMaoistcommandeconomytoamarketeconomybecausethecentralgovernmentfailedtopreventlocalgovernmentsfromforcingpricestomarketleve
2、ls.Havingpartiallydecontrolledtheeconomyintheearly1980s,economicreformersbalkedatpricereform,optinginsteadforahybridsystemwhereincommoditieshadtwoprices,onefixedandonefloat-ing.Depressedfixedpricesledto“resourcewars,”aslocalitiesbattledeachotherforcontroloverundervaluedcommoditieswhileinflatedconsume
3、rgoodspricesfueledaheadlonginvestmentboomthatsaturatedmarketsandledtotheerectionofimportbarriers.Althoughlocalrentseekingandprotectionismappearedtocarveuptheeconomy,inrealitytheyhadnotonlypushedpricestomarketlevelsandclearedthewayforsweepingreformsinthe1980s,theyhadalsopushedChinapastthe“pitfalls
4、”ofreformthatentrappedothersocialisteconomies.AndrewH.WedemaniscurrentlyanAssociateProfessorofPoliticalScienceattheUniversityofNebraska,Lincoln,wherehespecializesinthepoliticaleconomyofreformincontemporaryChina.HecompletedhisdoctorateinPoliticalScienceattheUniversityofCalifornia,LosAngeles,in1994
5、andholdsmastersdegreesinbothPoliticalScience(UCLA,1989)andSecurityPolicyStudies(GeorgeWashingtonUniversity,1984).ProfessorWedemanhasconductedfieldworkinthePeople’sRepublicofChinaandTaiwan.Heistheauthorofonebook(TheEastWindSubsides:ChineseForeignPolicyandtheOriginsoftheCulturalRevolution)andhaspubl
6、ishedarticlesinmanyscholarlyjournals.InadditiontohisfieldworkinChinaandTaiwan,ProfessorWedemanhaslivedinSouthKorea,Thailand,Cambodia,India,andtheIvoryCoast.CambridgeModernChinaSeriesEditedbyWilliamKirby,HarvardUniversityOtherbooksintheseries:ThomasP.BernsteinandXiaoboLu,TaxationwithoutRepresentati
7、oninContemporaryRuralChinaLinsunCheng,BankinginModernChina:Entrepreneurs,ProfessionalManagers,andtheDevelopmentofChineseBanks,1897–1937BruceJ.Dickson,RedCapitalistsinChina:TheChineseCommunistParty,PrivateEntrepreneurs,