This book explores the key ideas and the key people who were responsible for the development of China’s economy from 1949 through 2016. It discusses how economic policy evolved, how economic policy was formulated and how the role of economists in decision making evolved. It considers the interplay between ideological and practical questions, provides biographical details of key economists and includes a clear annotated chronology of events. The book is especially valuable because the author, as a senior World Bank official, was a close observer of the situation and to some extent a key participant.
Annotated chronology of economic policy making, Chapter 1 - Puzzles and surprises, Chapter 2 - Evolution of economic policy making, Chapter 3 - Architects of China’s market-oriented economic reforms, Chapter 4 - Chen Yun (1905-1995), Chapter 5 - China’s entry into the World Bank, Chapter 6 - Unfinished reform agenda.