
How China Escaped Shock Therapy
The Market Reform Debate
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Narrated by:
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Susan Ericksen
About this listen
China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country's rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China's path.
In the first post-Mao decade, China's reformers were sharply divided. Should China destroy the core of the socialist system through shock therapy, or should it use the institutions of the planned economy as market creators? With hindsight, the historical record proves the high stakes behind the question: China embarked on an economic expansion commonly described as unprecedented in scope and pace, whereas Russia's economy collapsed under shock therapy.
Based on extensive research, including interviews with key Chinese and international participants and World Bank officials as well as insights gleaned from unpublished documents, the book charts the debate that ultimately enabled China to follow a path to gradual reindustrialization. Beyond shedding light on the crossroads of the 1980s, it reveals the intellectual foundations of state-market relations in reform-era China through a longue duree lens. Overall, the book delivers an original perspective on China's economic model and its continuing contestations from within and from without.
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Optimizing the 4 Mindsets: Humility, Curiosity, Courage, and Confidence...for yourself, your teams, and your company.
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On point
- By Heather on 05-20-24
By: Kat Cole
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The Great Transformation
- China’s Road from Revolution to Reform
- By: Chen Jian, Odd Arne Westad
- Narrated by: Feodor Chin
- Length: 14 hrs
- Unabridged
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Odd Arne Westad and Chen Jian chronicle how an impoverished and terrorized China experienced radical political changes in the long 1970s and how ordinary people broke free from the beliefs that had shaped their lives during Mao’s Cultural Revolution. These changes, and the unprecedented and sustained economic growth that followed, transformed China and the world.
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Excellent history but the narration’s mispronunciation takes away from the story
- By Anonymous User on 04-19-25
By: Chen Jian, and others
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The Capital Order
- How Economists Invented Austerity and Paved the Way to Fascism
- By: Clara E. Mattei
- Narrated by: Susan Ericksen
- Length: 15 hrs and 26 mins
- Unabridged
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For more than a century, governments facing financial crisis have resorted to the economic policies of austerity—cuts to wages, fiscal spending, and public benefits—as a path to solvency. Today, an important question remains: What if solvency was never the goal? In The Capital Order, political economist Clara E. Mattei explores the intellectual origins of austerity to uncover its originating motives: the protection of capital—and indeed capitalism—in times of social upheaval from below.
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Must listen to. Essential.
- By Gus More on 01-03-25
By: Clara E. Mattei
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Millionaire
- The Philanderer, Gambler, and Duelist Who Invented Modern Finance
- By: Janet Gleeson
- Narrated by: Esther Wane
- Length: 8 hrs
- Unabridged
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On the death of France's most glorious king, Louis XIV, in 1715, few people benefited from the shift in power more than the intriguing financial genius from Edinburgh, John Law. Law had proposed to the English monarch that a bank be established to issue paper money with the credit based on the value of land. But Queen Anne was not about to take advice from a gambler and felon. So, in exile in Paris, he convinced the bankrupt court of Louis XV of the value of his idea.
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¡Quite the tale and Well narrated!
- By WM on 07-24-22
By: Janet Gleeson
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The Courage to Take Command
- Leadership Lessons from a Military Trailblazer
- By: Jill Morgenthaler
- Narrated by: Kathleen Godwin
- Length: 5 hrs and 11 mins
- Unabridged
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When Jill Morgenthaler arrived at boot camp in 1975 as part of the inaugural class of women in the army, she was one of 83 female cadets...on a base of 50,000 men. So she knows a thing or two about conquering obstacles. In The Courage to Take Command, Colonel Morgenthaler provides invaluable leadership lessons drawn from her three decades of military service - from her first days in ROTC to combat in some of the world's most dangerous war zones.
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Great advice for leading
- By MarieT on 02-23-24
What listeners say about How China Escaped Shock Therapy
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Fred Lee
- 08-22-24
hire a competent narrator
performer needs to study Chinese, her accent is thick, inaccurate, and terrible. so many people speak Chinese, how about hiring one
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- Deviplasma
- 01-31-24
Wrong Pronunciation for "Guanzi" the entire book
The material is great! But as a native Chinese speaking, it's a bit irritating to hear the wrong pronunciation of "Guanzi" everywhere in the book. It's not just imprecise, but far way from correct. I know it may be hard for English speakers to pronounce the word "zi", but the narrator pronounced it as "shi" instead of "tze", which are very different. I felt bit disappointed because the word "Guanzi" appeared over hundreds of times in the book, yet the producer didn't look it up carefully or consult a Chinese speaker.
My guess is that they did the search on Google. I tried to Google "how to prnounce guanzi", but Google automatically corrects "Guanzi" to "Guanxi", which means "relationship", a more commonly used Chinese phrase, and "xi" is pronounced as "shi". I assume that's why the narrator made the mistake.
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- Anonymous User
- 10-17-24
Impressive research and detail
The book is very well researched and includes a tremendous amount of detailed data, examples, etc
However, the audiobook suffers from bad to at times completely incomprehensible Chinese pronunciations. The strength of the original book is the level of detail and wealth of different Chinese perspectives, but this comes with lots of Chinese names, naturally. It would have been tremendously beneficial to ensure at least a passable pronunciation of Chinese terms and names.
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- Heitor Faro de Castro
- 08-26-23
an immense and delicate work
Isabella Weber’s work is made with great care from an immense and delicate work of interpreting the evolution of China's economic policy, with emphasis on the decades that followed the years after the post-World War II period. The source of her narrative, inspired by the analysis of the thinking and initiatives of the main Chinese leaders who contributed to the balanced reconciliation of the principles of the political regime sustained from the country's cultural revolution with the structure of the post-World War II world economic order, adds virtues and wisdom to the country that knew how to value and associate the importance of time with the maturity of the ideals of its own political regime.
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1 person found this helpful