Back-Alley Banking

Klappentext Kellee S. Tsai draws upon her unparalleled fieldwork in China's world of shadow finance to challenge conventional ideas about the political economy of development. Business owners in China, she shows, have mobilized local social and political resources in innovative ways despite the absence of state-directed credit or a well defined system of private property rights. Entrepreneurs and local officials have been able to draw on the uncertainly of formal political and economic institutions to enhance local prosperity. Zusammenfassung Chinese entrepreneurs have founded more than thirty million private businesses since Beijing instituted economic reforms in the late 1970s. Most of these private ventures, however, have been denied access to official sources of credit. State banks...

Zusammenfassung
Chinese entrepreneurs have founded more than thirty million private businesses since Beijing instituted economic reforms in the late 1970s. Most of these private ventures, however, have been denied access to official sources of credit. State banks...