China's Great Economic Transformation

China's Great Economic Transformation by Brandt, Loren. paperback edition. ISBN: 9780521712903.

This landmark study provides an integrated analysis of Chinas unexpected economic boom of the past three decades. The authors combine deep China expertise with broad disciplinary knowledge to explain Chinas remarkable combination of high-speed growth and deeply flawed institutions. Their work exposes the mechanisms underpinning the origin and expansion of China’s great boom. Penetrating studies track the rise of Chinese capabilities in manufacturing and in research and development. The authors probe both achievements and weaknesses across many sectors, including Chinas fiscal, legal, and financial institutions. The book shows how an intricate minuet combining Chinas political system with sectoral development, globalization, resource transfers across geographic and economic space, and partial system reform delivered an astonishing and unprecedented growth spurt. The volume chronicles many shortcomings, but concludes that Chinas economic expansion is likely to continue during the coming decades.