Chinese economic transformation

Author: Zou Zizhuang
Publisher:
Publish Date: 2005-07-01
Features: Zou Zizhuang successfully combines his understanding of Chinese history, culture, and economic development with his expertise in modern econometric methods to provide an assessment of China's economic progress since 1980 and integrate it into this new century. His work offers an authoritative explanation of a region of strategic importance in the world, where outsiders have little knowledge and thus need more. In The Chinese Economic Transition, Lawrence Klein of the University of Pennsylvania demonstrates Zou's insights gained from over two decades of meaningful engagement with the Chinese economy, numerous government officials, and scholars. He has very successfully blended historical and institutional information with a wealth of systematic analyses of economic cases. The economic analysis in this book is presented in a clear and lucid manner, making it suitable for both economists and general readers.
D. Gale Johnson, University of Chicago
Few economists know as much about China as Zou Zizhuang. This is a comprehensive work. Its achievement fully qualifies it as a standard reference.
Olivier Blanchard, MIT
Zou Zizhuang effectively demonstrates that modern economics is an incredibly powerful tool that is fully applicable to China, especially if one carefully considers China's distinctive history and unique institutions. I highly recommend this book not only to economists and students but also to those who want to learn more about the country's economy. This country is likely to become one of the leaders of this century.
Gerd Becker, University of Chicago
Zou Zizhuang's The Chinese Economic Transition integrates economic theory and empirical evidence to conduct a rigorous and comprehensive examination of various aspects of the contemporary Chinese economy. I highly recommend this book as an introductory text on this topic.
James J. Heckman, University of Chicago
By 2020, China's total output is expected to surpass that of the United States. Over the 20-plus years since China began its economic reforms, this country with the world's largest population has maintained an extraordinary average annual economic growth rate of 9.6%. In The Chinese Economic Transition, Zou Zizhuang, drawing on insights gained from 20 years of teaching, traveling, working with Chinese government officials and scholars, and interacting with ordinary Chinese citizens, explains the reasons and nature of China's economic success. By integrating historical-institutional and theoretical-quantitative methods, Zou conducts an in-depth and comprehensive analysis of the factors that have contributed to this transformation. Zou's grasp of what has already happened and is currently unfolding in China makes his predictions about the country's future economic development of indispensable global significance.