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Based on extensive original research, Globalisation, Transition and Development in China explains China's development strategy and its underlying forces, and the success of this strategy. It examines China's gradualist approach which emphasizes development first and regards transition and globalization as secondary, enacting liberalization of domestic markets and integration into the world economy in a paced way, avoiding dramatic changes which might impede or even reverse development, and argues that this approach is broadly correct. It considers China's failures, including the failure to build large globally competitive corporations despite the intention to do this, and shows how China's economic strategy has been implemented in detail with a case study of the large and important coal industry.
Huaichuan Rui received her PhD from the Judge Institute of Management, University of Cambridge, where she is currently a Research Associate. Her main interests are in globalisation and its impact on both developed and developing countries, and China's coal and related industries (steel, power and manufacturing). She also teaches in Cambridge and is consultant to various investment companies.
Introduction 1. The Challenges Facing China 2. The Challenges Facing China's Coal Industry 3. Development: The Rise and Fall of TVE Coalmines 4. Transition: Transforming Traditional SOE Coalmines 5. Globalization: Building Competitive Coal Corporations 6. Conclusion: Interrelationship of Three Challenges and the Role of the State Bibliography Notes
