China's recent economic growth has been phenomenal. In this book, Gregory Chow's insights into China's institutions and culture make it possible to understand the country's past and present in order to forecast an economic future which has crucial implications for the entire world.
China's Economic Transformation:
- provides a penetrating and comprehensive analysis of the historical, institutional and theoretical factors which have contributed to China's economic success;
- reveals new findings concerning the roles of market institutions, Chinese human capital, private ownership, form of government, political conditions and bureaucratic economic institutions;
- uses insights gained from over twenty years of teaching, travelling, working with government officials and academics, and interacting with ordinary citizens in Chinese society;
- forecasts China's economic future with imperative worldwide implications.
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About 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 Taiwan and mainland China and in May 2001 the Econometric Research Program at Princeton was named the Gregory C. Chow Econometric Research Program in his honor.
Table of Contents
List of Figures and Tables.
Introduction: The Transformation of China's Economy.
Part I: Historical Background and General Survey:.
1. Economic Lessons From History.
2. Experiments with Planning and Economic Disruptions.
3. Economic Reform up to the Mid-1990s.
4. Further Reform: Problems and Prospects.
Part II: Analysis of the Macroeconomy:.
5. Economic Growth.
6. Economic Fluctuations.
7. Macroeconomic Policies.
8. The Effects of Political Movements on the Macroeconomy.
Part III: Topics in Economic Development:.
10. Western Development and Environmental Policies.
12. Human Capital.
Part IV: Analysis of Individual Sectors:.
13. The Banking and Financial System.
14. Shanghai Stock Price Determination.
15. The Behavior of State-Enterprises.
16. The Nonstate Sectors.
17. Foreign Trade.
18. Foreign Investment.
Part V: Studies of Economic Institutions and Infrastructure:.
19. Use or Misuse of Assets.
20. The Legal System and the Role of the Government.
21. The Education System and Policy.
22. Taking Stock and Looking Ahead.
Conclusion: Lessons for the Study of Economic Transformation.