Capitalism with Chinese Characteristics. Capitalism with Chinese Characteristics Cambridge University Press 9780521898102 - Capitalism with Chinese Characteristics - Entrepreneurship and the State - By Yasheng Huang Copyright Information Sloan School of Management, Massachusetts Institute of Technology CAMBRIDGE UNIVERSITY PRESS Cambridge, New York, Melbourne, Madrid, Cape Town, Singapore, São Paulo, Delhi Cambridge University Press 32 Avenue of the Americas, New York, NY 10013-2473, USA www.cambridge.org Information on this title: www.cambridge.org/9780521898102 © Yasheng Huang 2008 This publication is in copyright.
First published 2008 Printed in the United States of America A catalog record for this publication is available from the British Library. Library of Congress Cataloging in Publication Data Huang, Yasheng. ISBN 978-0-521-89810-2 hardback © Cambridge University Press. Demystifying the Chinese Economy. China was the largest and one of most advanced economies in the world before the eighteenth century, yet declined precipitately thereafter and degenerated into one of the world's poorest economies by the late nineteenth century. Despite generations' efforts for national rejuvenation, China did not reverse its fate until it introduced market-oriented reforms in 1979. Since then it has been the most dynamic economy in the world and is likely to regain its position as the world's largest economy before 2030.
Based on economic analysis and personal reflection on policy debates, Justin Yifu Lin provides insightful answers to why China was so advanced in premodern times, what caused it to become so poor for almost two centuries, how it grew into a market economy, where its potential is for continuing dynamic growth and what further reforms are needed to complete the transition to a well-functioning, advanced market economy.
“Justin Lin’s Demystifying the Chinese Economy is a tour de force. Uprising: Will Emerging Markets Shape or Shake the World Economy? Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalization. Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise. Bookshelf: Raising the Red Flag on Red Capitalism.