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Evaluation of the World Bank's Contribution to Chinese Enterprise Reform

By Nolan, Peter

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Book Id: WPLBN0000035409
Format Type: PDF eBook
File Size: 0.2 MB
Reproduction Date: 2005
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Title: Evaluation of the World Bank's Contribution to Chinese Enterprise Reform  
Author: Nolan, Peter
Language: English
Subject: Economics, Finance & business, World Bank.
Collections: Economics Publications Collection
Publication Date:
Publisher: The World Bank


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Nolan, P. (n.d.). Evaluation of the World Bank's Contribution to Chinese Enterprise Reform. Retrieved from


It is widely recognised in Chinese policy-making circles that the World Bank made a significant contribution to the country?s enterprise reform in the 1980s. Funds to support international contacts at that time were extremely limited. Financial support from the Bank for international exchanges of ideas are still strongly remembered for their valuable contribution in introducing to Chinese audiences the ideas of leading international thinkers in the area of enterprise reform. A major contribution consisted of bringing eminent international scholars and policy-makers to China, and in sending leading Chinese scholars and policy-makers abroad. The World Bank?s financial support for these activities had a significant impact on the development of ideas on enterprise reform, especially at the highly influential Chinese Economic System Reform Research Institute (CESRRI), under the State Council. The influence of these enhanced international contacts were evidenced in the massive study undertaken at the CESRRI in 1985, under the leadership of Deputy Director Wang Xiaoqiang, to analyse the challenges facing enterprise reform (English edition edited by Bruce Reynolds, Reform in China, 1987). It included, for example, an empirical investigation of the ?Kornai index? (the ratio between the inventories of inputs and output) regarding it as ?the most important comprehensive index capturing the essential difference between the resource-constrained seller?s market economy and the demand-constrained buyer?s market economy?(Reynolds, 1987: 6-7).


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