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.