Capitalism from Below: Markets and Institutional Change in China
Language: English
Published by Harvard University Press, 2012
- First Edition
- Hardcover
- Used
Seller: Mesquite Booksellers, Tucson, AZ, U.S.A.Mesquite Booksellers
AbeBooks seller since December 4, 2025
Condition: Used - Near fine
£ 42.40
Quantity: 1 available
Add to basketItem description from seller
xviii,431. 845 grams. 6.5 x 9.5 x 1.375 inches. Spine is slightly cocked. Dust at the top edge. Head of the spine gently pressed. Jacket is fully intact but shows mild to moderate shelfwear. Bound in black cloth, with stamped silver lettering to the spine. If you order this from outside the United States, we will almost certainly request an additional payment to help cover the postage. Please feel welcome to message us with any questions, or a request for photographs. Every order includes tracking and is wrapped and robustly packaged with care in Tucson, AZ. ~Mesquite Booksellers.
Seller Inventory # 75639
- Title
- Capitalism from Below: Markets and Institutional Change in China
- Author
- Victor Nee and Sonja Opper
- Publisher
- Harvard University Press
- Publication year
- 2012
- Condition
- Near fine
- Dust jacket
- Very Good
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0674050207
- ISBN 13
- 9780674050204
- Edition
- 1st Edition
- Item weight
- 845 grams
- Dimensions
- 6.5 inches width by 9.5 inches height by 1.375 inches depth
- Seller catalogs
- East Asia, Economics, Social Sciences
More than 630 million Chinese have escaped poverty since the 1980s, reducing the fraction remaining from 82 to 10 percent of the population. This astonishing decline in poverty, the largest in history, coincided with the rapid growth of a private enterprise economy. Yet private enterprise in China emerged in spite of impediments set up by the Chinese government. How did private enterprise overcome these initial obstacles to become the engine of China’s economic miracle? Where did capitalism come from?
Studying over 700 manufacturing firms in the Yangzi region, Victor Nee and Sonja Opper argue that China’s private enterprise economy bubbled up from below. Through trial and error, entrepreneurs devised institutional innovations that enabled them to decouple from the established economic order to start up and grow small, private manufacturing firms. Barriers to entry motivated them to build their own networks of suppliers and distributors, and to develop competitive advantage in self-organized industrial clusters. Close-knit groups of like-minded people participated in the emergence of private enterprise by offering financing and establishing reliable business norms.
This rapidly growing private enterprise economy diffused throughout the coastal regions of China and, passing through a series of tipping points, eroded the market share of state-owned firms. Only after this fledgling economy emerged as a dynamic engine of economic growth, wealth creation, and manufacturing jobs did the political elite legitimize it as a way to jump-start China’s market society. Today, this private enterprise economy is one of the greatest success stories in the history of capitalism.
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Mesquite Booksellers
Tucson, AZ, U.S.A.
AbeBooks seller since December 4, 2025
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