Publisher's Synopsis
In the last two and a half decades, reform in China has resulted in phenomenal economic growth for the world s most populous country. In this second edition of the successful book, Gregory Chow uses insights gained from over twenty years of teaching and traveling, as well as his work with government officials and academics, to address the transformation, development, and functioning of China s economy.
Chow combines historical–institutional and theoretical–quantitative approaches to provide a penetrating and comprehensive analysis of the factors that have contributed to China s economic transformation. Introducing the reader to the inner workings of the Chinese economy and details the process of its transformation into a market economy, Chow observes the economics of institutional changes taking place, the role of China s government, and the significance of the historic and cultural traditions of the country. Chow s knowledge of what has happened and what is happening in China helps him identify the major causes of economic change and development.
