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China's Great Economic Transformation

China's Great Economic Transformation

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Edited by Loren Brandt, Thomas G. Rawski
Cambridge University Press, 6/26/2008
EAN 9780521712903, ISBN10: 0521712904

Paperback, 928 pages, 22.8 x 15.2 x 4.1 cm

This landmark study provides an integrated analysis of China's unexpected economic boom of the past three decades. The authors combine deep China expertise with broad disciplinary knowledge to explain China's remarkable combination of high-speed growth and deeply flawed institutions. Their work exposes the mechanisms underpinning the origin and expansion of China's great boom. Penetrating studies track the rise of Chinese capabilities in manufacturing and in research and development. The editors probe both achievements and weaknesses across many sectors, including China's fiscal, legal, and financial institutions. The book shows how an intricate minuet combining China's political system with sectorial development, globalization, resource transfers across geographic and economic space, and partial system reform delivered an astonishing and unprecedented growth spurt.

1. China's great economic transformation Loren Brandt and Thomas G. Rawski
2. China and development economics Alan Heston and Terry Sicular
3. China in light of the performance of Central and East European economies Jan Svejnar
4. A political economy of China's economic transition Barry Naughton
5. The demographic factor in China's transition Wang Feng and Andrew Mason
6. The Chinese labor market in the reform era Fang Cai, Albert Park and Yaohui Zhao
7. Education in the reform era Emily Hannum, Jere Behrman, Meiyan Wang and Jihong Liu
8. Environmental resources and economic growth James Roumasset, Hua Wang and Kimberly Burnett
9. Science and technology in China Albert G. Z. Hu and Gary H. Jefferson
10. The political economy of private sector development in China Stephan Haggard and Yasheng Huang
11. The role of law in China's economic development Donald Clarke, Peter Murrell and Susan Whiting
12. China's fiscal system
a work in progress Christine P. W. Wong and Richard M. Bird
13. Agriculture in China's development
past disappointments, recent successes and future challenges Jikun Huang, Keijiro Otsuka and Scott Rozelle
14. China's financial system
past, present, and future Franklin Allen, Jun Qian and Meijun Qian
15. China's industrial development Loren Brandt, Thomas G. Rawski and John Sutton
16. China's embrace of globalization Lee Branstetter and Nicholas Lardy
17. Growth and structural transformation in China Loren Brandt, Chang-tai Hsieh and Xiaodong Zhu
18. Income inequality during China's economic transition Dwayne Benjamin, Loren Brandt, John Giles and Sangui Wang
19. Spatial dimensions of Chinese economic development Kam Wing Chan, Vernon Henderson and Kai Yuen Tsui
20. Forecasting China's economic growth over the next two decades Dwight H. Perkins and Thomas G. Rawski.

'This impressive collection of twenty chapters provides a comprehensive, penetrating, and timely analysis of China's remarkable economic transformation in the past three decades, one of the most significant economic events with global importance. All of the chapters are written by some of today's most active experts on China's economy, and many chapters jointly with the distinguished experts in the specific area of the discipline. The authors do not analyze China's case in isolation but place it in the general context of economic development and transition and the experiences of other economies; and they do not simply amass the numbers but interpret the data in light of economic theories. It is a valuable book for those who want to gain an in-depth knowledge about China's economic achievements, shortcomings, and challenges.' Yingyi Qian, University of California, Berkeley