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.
