Between 1978 and 2006, GDP growth in China maintained an annual average rate of 9.7%, meaning the Chinese economy increased by more than twelve times. This was achieved with quite unorthodox approaches to reform and development as China has adopted a gradualist approach to adopting key institutions, as well as modifying and experimenting with traditional recipes for economic growth.
This collection brings together key researchers in the field from Asia, US, Europe and Australia to discuss how China has managed to push forward reforms in the face of political resistance, how the Chinese economy has maintained growth within an imperfect institutionalist environment and how the Chinese government remains effective when it relinquishes its power to the market. Specific emphasis is paid to the relevance of China’s experiences to other developing countries. This valuable contribution to the study of China’s economy covers a wide range of topics, including the historical foundations of the 30 years of reform, law and development in China, foreign direct investment, poverty reduction, market integration, income distribution, social protection, as well as demographics and population.
Reform and Development in China finds both unique elements to the Chinese experience and elements which can be applied to other developing countries. In particular, China’s gradualism in economic reform, strong leadership, and emphasis on inclusive development are singled out to be potentially transferable to other developing countries. This collection will be of interest to postgraduate students and researchers as well as practitioners in development economics.
Table of Contents
1. Introduction Yang Yao and Ho-Mou Wu Part 1: History and International Comparisons 2. China’s Economic Emergence: Possible Lessons for Large Developing Nations David Daokui Li 3. History, Politics and 30 Years of Development and Reform Dwight Perkins 4. Chinese Reforms in Historical and Comparative Perspective Prasenjit Duara 5. Thirty Years of Chinese Reform and Economic Growth: Challenges and How It Has Changed World Development Ross Garnaut Part 2: Sectoral Development 6. Economic Growth and Income Inequality in China over 30 Years of Reforms Shujie Yao 7. Policy Reforms of Labor Mobility and Urbanization in Transition China Fang Cai 8. Market integration across regions Mary-Francoise Renard 9. The Evolution of Chinese Entrepreneurial Firms: Township-Village Enterprises Revisited Chenggang Xu and Xiaobo Zhang 10. The Relationship between Law and Economic Growth in China Linda Yueh 11. Thirty Years of Catch-up in China: A Comparison with Korea Kuen Lee 12. China’s Income Inequality at the Provincial Level: Trends, Drivers, and Impacts Tun Lin, Juzhong Zhuang, and Damaris Yarcia 13. The Great Transformation: The Double Movement in China Shaoguang Wang Part 3: The Political Economy of the Chinese Experience 14. The Disinterested Government: An Interpretation of China’s Economic Growth Yang Yao 15. Is China’s Development Success Transferable? Thomas Rawski 16. China’s Contribution to the Field of Economics: A Laboratory for Induced Institutional Change Gary Jefferson
Yang Yao and Hu-Mou Wu are Professors of Economics at the China Centre for Economic Research at the University of Peking in Beijing, China.