photo of Yasheng Huang

Yasheng Huang (黄亚生)

MIT Sloan School of Management

 Books   Recent papers and book chapters   Opinion pieces    Cases

Professor Yasheng Huang teaches international management at Sloan School of Management, Massachusetts Institute of Technology. His previous appointments include faculty positions at the University of Michigan and at Harvard Business School. He was also a consultant to the World Bank.

His recent academic papers can be downloaded at SSRN. In addition to academic journal articles, Professor Huang has published Inflation and Investment Controls in China (1996), FDI in China (1998), Selling China (2003), Financial Reform in China (2005, co-edited with Tony Saich and Edward Steinfeld), and Capitalism with Chinese Characteristics (2008).

Capitalism with Chinese Characteristics is a detailed narrative account of history of economic reforms in China. (The year 2008 marks 30th anniversary of reforms.) The consensus view among economists is that China has grown by relying on unique, context-specific policies rather than conventional mechanisms of growth, such as private ownership, property rights security, financial liberalization, and political reforms. Based on detailed archival and quantitative evidence spanning three decades of reforms, this book offers an alternative view: private entrepreneurship, facilitated by financial liberalization and microeconomic flexibility, was at the center of China’s true economic miracle in the 1980s. The political system in the 1980s, then as now, was authoritarian but was moving toward directional liberalism.

This book presents a story of two Chinas – an entrepreneurial rural China and a state-controlled urban China. In the 1980s, rural China gained the upper hand, and the result was rapid as well as broad-based growth. In the 1990s, urban China triumphed. In the 1990s, the Chinese state reversed many of its productive rural experiments, with long-lasting damage to the economy and society. While GDP grew quickly in both decades, the welfare implications of growth differed substantially. The book uses the emerging Indian miracle to debunk the widespread notion that democracy is automatically anti-growth. As the country marks its 30th anniversary of reforms in 2008, China faces some of its toughest economic challenges and substantial vulnerabilities that require fundamental institutional reforms.

In collaborations with other scholars, Professor Huang is conducting research on engineering education and human capital formation in China and India, on entrepreneurship, ethnic and labor-intensive FDI. His research has been profiled in many publications, including the Wall Street Journal, Economist, Businessworld, Le Monde, Economic Times, as well as in Chinese publications such as Caijing, 21st Century Business Herald, Economic Observer, New Fortune, Global Entrepreneur, China Entrepreneur, Southern Metropolis, Southern Weekend, China Daily, Xinhuanet.com and Liangwang.

At MIT Sloan School, Professor Huang founded and runs China Lab and India Lab, which aim at helping entrepreneurs in China and India improve their management. He has held or received prestigious fellowships such as National Fellowship at Stanford University and Social Science Research Council-MacArthur Fellowship. He is a fellow at Center for Chinese Economic Research and at Center for China in the World Economy, both Tsinghua University, a fellow at William Davidson Institute at Michigan Business School, and World Economic Forum Fellow.

 

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MIT Sloan School of Management, 50 Memorial Drive, E52-551, Cambridge, MA 02142-1347

ph.617-253-9768 fax:617-253-2660 email: yshuang@mit.edu

60 email: yshuang@mit.edu