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China's Economic Transformation
     

China's Economic Transformation

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by Gregory C. Chow
 

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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 China's Economic Transformation, 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

Overview

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 China's Economic Transformation, 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 detailing 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.

About the Author:
Gregory C. Chow is the Class of 1913 Professor of Political Economy and Professor of Economics, Emeritus at Princeton University

Editorial Reviews

Foreign Affairs
A Chinese-born professor emeritus of economics at Princeton and noted econometrician, Chow provides a comprehensive overview of China's remarkable evolution from Soviet-style central planning to a market economy "with Chinese characteristics." He covers inter alia the systems of education, law and dispute settlement, banking and finance, population control, foreign trade and investment, and development plans for western China. The treatment is didactic, with excursions into basic economic concepts, so that the book can be used as the basis for a course on China's economic development. It is spiced with examples of Chow's quantitative approach to analyzing China but written with a general reader in mind. The book is full of factual material and sympathetic interpretation of recent developments in China — which, Chow believes, can and should learn from the West without needing to adopt Western institutions wholesale.
From the Publisher
"A timely contribution."
Times Higher Education Supplement

“This edition is even better than the first edition since it has extended coverage of agriculture – which continues to be a very important part of the Chinese economy – more on education, on corruption, and other important issues. Even more so now it is required reading for learning about the still fastest growing economy in the world.” Gary Becker, University of Chicago

“Gregory Chow’s China’s Economic Transformation has become the definitive text for the study of the world’s most dynamic economy. The new second edition improves on the magisterial first edition with more extensive discussions of a broad range of current policy issues: corruption, inflation and money supply, education, income inequality, and rural development.” James J. Heckman, University of Illinois, Chicago

“Few economists know as much about China as Gregory Chow. This is an encyclopedic achievement, and the first edition has already become a standard reference.” Olivier Blanchard, MIT

Product Details

ISBN-13:
9780631233299
Publisher:
Wiley, John & Sons, Incorporated
Publication date:
02/28/2002
Pages:
407
Product dimensions:
6.88(w) x 9.92(h) x 1.41(d)

What People are Saying About This

From the Publisher
“China’s rapid economic growth has been accompanied by comparable changes in the country’s economic policies and institutions.  That makes this third edition of Gregory Chow’s China’s Economic Transition particularly welcome.   Like the earlier editions this book uses sophisticated but readily accessible economic analysis to explore the earlier history of China’s reforms (and its pre-reform economy) together with exploration of the country’s current economic challenges.   The book is a valuable resource both for students in courses dealing with the Chinese economy and for anyone interested in understanding the Chinese economic reform effort.”—Dwight H. Perkins, Harvard University 

Praise for the second edition
“A timely contribution.”—Times Higher Education Supplement

“Gregory Chow’s China’s Economic Transformation has become the definitive text for the study of the world’s most dynamic economy. The new second edition improves on the magisterial first edition with more extensive discussions of a broad range of current policy issues: corruption, inflation and money supply, education, income inequality, and rural development.” —James J. Heckman, University of Chicago

“Few economists know as much about China as Gregory Chow. This is an encyclopedic achievement, and the first edition has already become a standard reference.” —Olivier Blanchard, MIT

Meet the Author

Gregory C. Chow is the Class of 1913 Professor of Political Economy and Professor of Economics, Emeritus, at Princeton University. His previous books include Analysis and Control of Dynamic Economic Systems (1975), Econometrics (1983), The Chinese Economy (1985), Understanding China's Economy (1994), Asia in the Twenty-first Century (1997), and Dynamic Economics (1997). He has advised top government officials in mainland China and Taiwan, and in May 2001 the Econometric Research Program at Princeton was named in his honor.

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China's Economic Transformation 4 out of 5 based on 0 ratings. 1 reviews.
Anonymous More than 1 year ago
Book was shipped within two weeks and the books is in okay condition with mild highlighting..... but definately much better deal than buying it from book stores