This landmark study provides an integrated analysis of China's
unexpected economic boom of the past three decades. The authors
combine deep China expertise with broad disciplinary knowledge to
explain China's 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
China's fiscal, legal, and financial institutions. The book shows
how an intricate minuet combining China's 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 China's economic
expansion is likely to continue during the coming decades.
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