Investment
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Stanford University's Center for International Security and Arms Control (CISAC) started a project on defense conversion in the Soviet Union in early 1990. Following the breakup of the Soviet Union, the project has concentrated on defense conversion in Russia. The objectives of the project are to study and assist the process of demilitarization through the diversion of military production assets, broadly interpreted (facilities, personnel, technology, etc.), and building a civilian industry and infrastructure.

As a part of this project, CISAC sponsored an international conference on defense conversion on December 1-2, 1992. This report summarizes the authors' impressions, following the conference, of the status of privatization and conversion in Russia, and of U.S. government and business involvement in those processes. The conclusions drawn and the recommendations made are our own, based on both conference presentations and our own research.

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Policy Briefs
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CISAC
Authors
Michael A. McFaul
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The national security strategy of the United States since World War II has changed frequently during the course of eight administrations and two wars. But it has also had an underlying consistency, driven by three major factors: the Cold War, the United States' position as leader of the Western world, and the economic strength of the United States. In the 1990s, however, U.S. national security strategy is likely to be very different as the Cold War abates, the United States' role with allies evolves from one of dominance to one of senior partnership, and the U.S. economy is stressed by actions to reduce the budget and trade deficits.

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Working Papers
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CISAC
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This volume, composed of nine provocative chapters by prominent Chinese specialists, analyzes Chinese economic change — the break-up of collective farming, the growth of private commerce, and the decentralization of industry.

Ezra Vogel contrasts the potential of China to industrialize with the rapid post-war industrial breakthroughs made by Japan, Taiwan, and South Korea. He believes China, despite starting with a lower average income and lower educational level than these other east Asian nations, possesses the drive and determination to make rapid industrial progress before the mid-21st century.

David Zweig explores the dilemmas which result from continued regulatory controls on some sectors of the Chinese rural economy combined with deregulation of other sectors.

The Chinese village receives the keen attention of Thomas Gold and Jean C. Oi. Gold examines "decollectivization" in terms of how village leadership continues to maintain the power of the collective over the peasants and the nature of peasant "entrepreneurship" that has emerged. Oi suggests that diversification and particularly the industrialization of the village economics following reforms allow the collective to endure as an entity but with a different character.

  • Ramon H. Meyers focuses on how the significance of the CCP's decision to initiate new economic reforms, first in 1978 and again in 1984, will influence the overall economic development in China. Robert Dernberger assesses the rate and structure of Chinese economic growth.
  • Justin Yifu Lin explores the agricultural expansion during 1980 and 1984 as a result of the household responsibility system reform. The impact of the reform on saving and investment mechanisms receives the attention of Bruce Reynolds.
  • Dorothy Solinger discusses Wuhan's comprehensive urban economic reform in terms of decentralization, leasing, stocks, bonds, bankruptcy, manager responsibility, markets, and trade centers.
  • Victor C. Falkenheim explores China's efforts at decentralization of the economy through fostering regional reforms.

These authors, through their explorations and observations of China's efforts at reform, present a dynamic picture of change. However, they have not overlooked the staggering problems facing China's advancement into the 21st century. The China specialists who contributed to this volume provide a comprehensive view of China's path toward full industrialization.

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Books
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Paragon Press: "Chinese Economic Policy"
Authors
Jean C. Oi
Number
0943852706
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This book, based on fieldwork carried out by a team of American and Indonesian economists, investigates Indonesia's potential for maize production. It integrates 3 economic approaches: (1) the commodity systems approach, which traces the technical and market links from input supplier to producer, processor and consumer; (2) the macro-trade approach, which analyses the role of the commodity in generating domestic value-added and foreign exchange; and (3) the food policy approach, which analyses the efficiency of commodity systems and the distribution of their benefits in order to evaluate potential public investments and policy interventions. The conclusion reached is that Indonesia has the potential to expand its maize production by: (1) efficiency in the marketing system and (2) policies encouraging investment in storage and drying facilities.

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Books
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Cornell Press in "The Corn Economy of Indonesia", C. Peter Timmer
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