Nicholas R. Lardy > Quotes

“Even a market with a single domestic monopolistic producer could be competitive if either the good or service the monopolist produces is tradable and barriers to imports are low or the barriers to foreign direct investment are modest.”
― Nicholas R. Lardy, Markets Over Mao: The Rise of Private Business in China

“For this reason, within China the four state-owned banks in the 1980s were invariably referred to as “specialized banks” (专业银行”
― Nicholas R. Lardy, Markets Over Mao: The Rise of Private Business in China

“seizing the large and letting go of the small” (抓大放小),”
― Nicholas R. Lardy, Markets Over Mao: The Rise of Private Business in China

“In 2011, domestic sales of foreign affiliates in China reached RMB15 trillion.42”
― Nicholas R. Lardy, Markets Over Mao: The Rise of Private Business in China

“If government subsidies to corporations were a sufficient criterion to label a country’s economic system as “state capitalist,” many market economies would qualify.”
― Nicholas R. Lardy, Markets Over Mao: The Rise of Private Business in China

“Fourth, even these aggregate targets are mainly labeled as “forecasts” (预期性) rather than “mandatory” (约束性).”
― Nicholas R. Lardy, Markets Over Mao: The Rise of Private Business in China

“But initially government regulation still prevented farmers from leaving their home villages, giving rise to the phrase “leaving the land without leaving the village” (离土不离乡”
― Nicholas R. Lardy, Markets Over Mao: The Rise of Private Business in China

“Machinery and equipment and other producer goods were subject to what was referred to as “unified distribution” (统一分配),”
― Nicholas R. Lardy, Markets Over Mao: The Rise of Private Business in China

“(户口)”
― Nicholas R. Lardy, Markets Over Mao: The Rise of Private Business in China