No Chinese Capitalism without Property Rights |
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| Authors: | Steven N. S. Cheung |
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| Affiliation: | Steven N S Cheung is Professor of Economics at the University of Hong Kong He formerly held the Chair of Economics at the University oi Washington He taught at the California State College at Long Beach from 1965 to 1967, and when his current research Mows a contractual approach m the analysts of economic organisations, including the firm and the state Hs is author of the Future of china and for the IEA, The Myth of Social Cost (1978) and Will china Co 'Capitalist' (1982, second edition 1986) |
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| Abstract: | The speed with which communist China has embuaced markets has surprised Western analysis and observers, But Chinese economic progress will founder in corruption and inefficiency, argues Professor Steven Cheung of the university of Hong Kong, untess she insitutes a well-defined system of private property rights to safeguord investment and stimulate trade. |
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