The Miracle of China: Development Strategies and Economic Reforms (Contemporary Economics)

Author: Lin Yifu, Cai Fang, Li Zhou
Publisher:
Publish Date: 1999-11-01
Features: The rapid economic growth of China in more than 20 years of reform is a miracle in human history. Many domestic and international studies predict that China will once again become the world's largest economic power in the 21st century. This book analyzes the relationship between China's development strategy, economic system, economic reform, and economic development using the framework of induced institutional change theory. Renowned American economists believe that the description of how gradual reform has been carried out in China in this book is convincing. The book was first published in 1994. In the short few years that followed, the authors witnessed a series of important developments in China's economic reform and development, participated in debates within the Chinese economics community, and provided a deeper elaboration on some theoretical and policy issues in the book, making the theory more perfect and targeted.