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Demystifying the Chinese Economy

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  • Lin,Justin Yifu

Abstract

China was the largest and one of the 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 pre-modern 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.

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This book is provided by Cambridge University Press in its series Cambridge Books with number 9780521191807 and published in 2011.

Order: http://www.cambridge.org/uk/catalogue/catalogue.asp?isbn=9780521191807
Handle: RePEc:cup:cbooks:9780521191807

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Cited by:
  1. Roberta Benini & He Liping, 2013. "Special issue on China: Re-thinking China’s economic transition and development in the post-crisis era," Economic Change and Restructuring, Springer, vol. 46(1), pages 1-7, March.
  2. Phan, Diep & Coxhead, Ian A., 2012. "Long-run costs of piecemeal reform: wage inequality and returns to education in Vietnam," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124207, Agricultural and Applied Economics Association.
  3. Paz Grimberg & Zeev Schuss, 2014. "Stochastic model of a pension plan," Papers 1407.0517, arXiv.org.
  4. Justin Yifu Lin, 2012. "New Structural Economics : A Framework for Rethinking Development and Policy," World Bank Publications, The World Bank, number 2232.
  5. Leon Berkelmans & Hao Wang, 2012. "Chinese Urban Residential Construction to 2040," RBA Research Discussion Papers rdp2012-04, Reserve Bank of Australia.
  6. Prasad, Eswar S. & Ye, Lei, 2011. "The renminbi’s role in the global monetary system," Proceedings, Federal Reserve Bank of San Francisco, issue Nov, pages 127-197.

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