This new book by Yasheng Huang is, in my view, one of the most significant studies to have appeared in many years and among other services it underlines, once again, that much of the most illuminating work on the East Asian economies is being done not by economists, but by political scientists, sociologists, historians, and others.' Christopher Howe, The Journal of Development Studies

• Figures and tables; Acknowledgements; Abbreviations; Preface; 1. Introduction; Part I. The Economic and Political Roles of Local Government Officials: 2. Local government officials as economic agents; 3. Local bureaucrats as investors: the investment roles of local governments; 4. The local officials in the bureaucratic hierarchy; Part II. Macroeconomic Policy Developments During the Reform Era: 5. Excess investment demand and austerity policies; Part III. Analyzing Local Investment Behavior: 7. Strategic investment behavior during austerity; 8. Bureaucratic investment behavior; 9. Conclusion: Political institutions, inflation control, and economic reforms; References; Indexes.

This new book by Yasheng Huang is, in my view, one of the most significant studies to have appeared in many years and among other services it underlines, once again, that much of the most illuminating work on the East Asian economies is being done not by economists, but by political scientists, sociologists, historians, and others.' Christopher Howe, The Journal of Development Studies

• Figures and tables; Acknowledgements; Abbreviations; Preface; 1. Introduction; Part I. The Economic and Political Roles of Local Government Officials: 2. Local government officials as economic agents; 3. Local bureaucrats as investors: the investment roles of local governments; 4. The local officials in the bureaucratic hierarchy; Part II. Macroeconomic Policy Developments During the Reform Era: 5. Excess investment demand and austerity policies; Part III. Analyzing Local Investment Behavior: 7. Strategic investment behavior during austerity; 8. Bureaucratic investment behavior; 9. Conclusion: Political institutions, inflation control, and economic reforms; References; Indexes.

This new book by Yasheng Huang is, in my view, one of the most significant studies to have appeared in many years and among other services it underlines, once again, that much of the most illuminating work on the East Asian economies is being done not by economists, but by political scientists, sociologists, historians, and others.' Christopher Howe, The Journal of Development Studies

• Figures and tables; Acknowledgements; Abbreviations; Preface; 1. Introduction; Part I. The Economic and Political Roles of Local Government Officials: 2. Local government officials as economic agents; 3. Local bureaucrats as investors: the investment roles of local governments; 4. The local officials in the bureaucratic hierarchy; Part II. Macroeconomic Policy Developments During the Reform Era: 5. Excess investment demand and austerity policies; Part III. Analyzing Local Investment Behavior: 7. Strategic investment behavior during austerity; 8. Bureaucratic investment behavior; 9. Conclusion: Political institutions, inflation control, and economic reforms; References; Indexes.