Market-oriented policies for the development of Hainan [electronic resource] : executive summary / Charles Wolf ... [et al.].
- Santa Monica, CA : RAND, 1992.
- Physical Description:
- vii, 29 p. : ill. ; 23 cm.
- Additional Creators:
- Wolf, Charles, 1924-
Henry, Donald Putnam, 1957-
Roll, Charles Robert
Yeh, K. C. (Kʻung-chia), 1924-
Rand Corporation. International Economic Studies Program
China. National Center for Science and Technology for Development
- Restrictions on Access:
- License restrictions may limit access.
- This report summarizes RAND research and recommendations for the strategic development planning of Hainan Island in the People's Republic of China. The recommendations are intended to assist the Hainan government in developing the economy along market-oriented lines. The emphasis is on the broad outlines of macroeconomic policies--in setting the fundamentals of fiscal, monetary, privatization, pricing, foreign exchange, and trade policies in a sound and mutually supporting direction and in drawing on the experience of the newly industrializing economies (NIEs) for relevant lessons. The authors discuss their analytic framework, which views economic reform as a systems problem; consider lessons drawn from other NIEs; review various major policy reforms, including currency, foreign exchange, and trade, and labor and capital market reforms; discuss fiscal reform, including both revenue and expenditure organizations and processes; and examine implementation issues, including feasibility, timing, and balance.
- "The research described in this Executive Summary was conducted in the International Economic Studies program"--Pref.
- Bibliography Note:
- Includes bibliographical references.
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