Textbook

China's Economic Transformation, 2nd Edition

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Overview

Will China's recent economic growth continue at the same rate? For how long? What obstacles lie in the way of sustained growth? Who gains and why? Gregory Chow covers these and many other issues.

Provides a penetrating and comprehensive analysis of the historical, institutional and theoretical factors that have contributed to China's economic success
Reveals new findings concerning the roles of market institutions, Chinese human capital, private ownership, forms of government, political conditions, and bureaucratic economic institutions
The new edition covers a diverse set of important issues: environmental restraints; income distribution; rural poverty; the education system; healthcare; exchange rate policies; monetary policies; and financial regulation.

Table of Contents

Preface.

Introduction: Transformation of China’s Economy.

Part I: Historical Background and General Survey.

1. Economic Lessons from History.

2. Experiment with Planning and Economic Disruptions.

3. Economic Reform up to Middle 1990s.

4. Problems and Prospects of Further Reform.

Part II: Analysis of the Macroeconomy.

5. Economic Growth.

6. Economic Fluctuations.

7. Macroeconomic Policies.

8. Effects of Political Movements on the Macroeconomy.

Part III: Topics in Economic Development.

9. Consumption.

10. Western Development and Environmental Policies.

11. Population.

12. Human Capital.

Part IV: Analysis of Individual Sectors.

13. Banking and Financial System.

14. Shanghai Stock Price Determination.

15. Behavior of State Enterprises.

16. The Non-state 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 Government.

21. Education System and Policy.

22. Taking Stock and Looking Ahead.

Conclusion: Lessons for the Study of Economic Transformation.

Index

Author Information

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.

Hallmark Features

Provides a penetrating and comprehensive analysis of the historical, institutional and theoretical factors that have contributed to China's economic success
Reveals new findings concerning the roles of market institutions, Chinese human capital, private ownership, forms of government, political conditions, and bureaucratic economic institutions
The new edition covers a diverse set of important issues: environmental restraints; income distribution; rural poverty; the education system; healthcare; exchange rate policies; monetary policies; and financial regulation.

Reviews

"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

Available Versions

China's Economic Transformation, 2nd Edition

by Gregory C. Chow

ISBN 978-1-4051-5624-0

Paperback, 466 pages

US $62.95

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