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Managed Chaos: The Fragility of the Chinese Miracle reads into the Chinese politics and economy and the disparate status and position of the two domains. On one hand, its economy has sustained a near 10 per cent growth rate for 30 years, while, on the other, trapped in an incomplete transition from a totalitarian to a democratic market economy, politically the country is still considered a fragile state. This book helps the reader resolve this incongruity through its inference.[The author] has written this book to convey the reader how the Chinese state functions. For this, he has widened the scope of enquiry to include the interaction of China's economic system with its political system, and made a fairly good job of explaining the past pattern of its development.... Jha has blended the story quite skillfully and it will be worthwhile for one to fully read this book.
The incisive analysis of the vulnerabilities of the Chinese economy presented in this book is supported by a mass of statistics and data. Jha's research is thorough and derives from Western and Chinese studies. Managing Chaos is a serious work. The book is essential reading for those trying to understand the Chinese economic miracle.
The book gives a balanced view of China's political economy and is highly recommended for China watchers.
I would definitely recommend that you pick up a copy of Jha's book. Brilliantly researched, it delves deep into both: the country's economic narrative that helped China sustain a near 10 percent growth rate for more than three decades and the political narrative that China is an increasingly fragile state that remains wrapped in what economists say is nothing but an incomplete transition from a totalitarian to a democratic market economy.
About the Author
Prem Shankar Jha has taught as a Visiting Professor at the Indian Institute of Management Calcutta. He has also been a Visiting Fellow at Nuffi eld College, Oxford, 1976-77; Visiting Fellow of the Centre for International Studies, Harvard University 1995, and of the Fairbank Center for East Asian Research, 2006-07. He has also been Visiting Professor at the University of Virginia (Government department) from 1997 to 2000.
Prem Shankar Jha did an MA in Philosophy, Politics and Economics from Magdalen College, Oxford, UK in 1961. After working for fi ve years for the United Nations Development Programme, in New York, Damascus and Syria, he returned to India to pursue a career in journalism. He has been the Editor of The Economic Times, The Financial Express, and Delhi's main paper, The Hindustan Times. He was Economic Editor of the Times of India from 1981 to 1986.
In 1990, he was the Information Adviser to the Prime Minister of India, V. P. Singh. Currently, he is a columnist for Outlook; The Hindustan Times, The Deccan Herald and Dainik Bhaskar (Hindi). He is a prolifi c author with many books to his right: India: A Political Economy of Stagnation (1980); In the Eye of the Cyclone: The Crisis in Indian Democracy (1993); A Jobless Future: Political Causes of Economic Crisis (India) (2002); The Perilous Road to the Market: A Political Economy of Reform in Russia, India and China (2002); Kashmir 1947- The Origins of a Dispute (2003). His most recent book, The Twilight of the Nation State: Globalisation Chaos and War was published in 2006, by Pluto Press, London, Sage Publications, India and the University of Michigan Press, Ann Arbour, Michigan, US.
The defining features of this book are:
- Armed with an original application of Michal Kalecki's theory of intermediate regimes, it provides an explanation of China's explosive growth.
- It indicates the formation of a new stratum, through winding up of centralised planning, the stratum of 'proto-bourgeoisie', consisting of the local cadres of the communist party, who can counter the central cadres for capturing investible resources of the state.
- It creates a single politic-economic model that explains China's economic and political development. The causal connections in the model make it possible to predict China's future, and the challenges it faces.
This book makes a significant contribution to the literature on Chinese political economy over the past three decades. It is a must read for all discerning and informed readers. It will also be valuable for policy makers and students and researchers working in the areas of international relations, Chinese studies and political economy.