Product Description

China's recent economic growth has been phenomenal. In this book, Gregory Chow's insights into China's institutions and culture make it possible to understand the country's past and present in order to forecast an economic future which has crucial implications for the entire world.

China's Economic Transformation:

• provides a penetrating and comprehensive analysis of the historical, institutional and theoretical factors which have contributed to China's economic success;


• reveals new findings concerning the roles of market institutions, Chinese human capital, private ownership, form of government, political conditions and bureaucratic economic institutions;


• uses insights gained from over twenty years of teaching, travelling, working with government officials and academics, and interacting with ordinary citizens in Chinese society;


• forecasts China's economic future with imperative worldwide implications.

Product Details

• Amazon Sales Rank: #2056559 in Books
• Published on: 2002-02-01
• Format: Illustrated
• Original language: English
• Binding: Hardcover
• 400 pages

Review
"Gregory Chow has parlayed his knowledge of Chinese history, culture, economic development, together with his expertise in modern econometric methods into an assessment of China's economic progress since 1980 and into this new century. His book provides an authoritative interpretation of a strategic world area about which outsiders know too little, yet need to know much more." Lawrence Klein, University of Pennsylvania

"In China's Economic Transformation Gregory Chow brings together his insights as an economist and more than two decades of significant contact with China's economy and numerous public officials and academics. He is remarkably successful in combining historical and institutional information with numerous examples of systematic economic analysis. The economic analyses are explained in a lucid manner, making the book accessible to economists and general readers alike." D. Gale Johnson, University of Chicago

"Few economists know as much about China as Gregory Chow. This is an encyclopedic achievement, which may well become a standard reference." Olivier Blanchard, MIT

"Gregory Chow shows effectively that the powerful tools of modern economics fully apply to China, particularly if allowance is made for its special history and unique institutions. I strongly recommend this book not only to economists and students but to all persons who want to know more about the economy of a nation that is likely to become one of the leaders of this century." Gary Becker, University of Chicago

"Gregory Chow's book China's Economic Transformation combines economic theory and empirical evidence to fashion a rigorous and comprehensive examination of all aspects of the modern Chinese economy. I highly recommend this book as an informative introduction to the topic." James J. Heckman, University of Chicago

From the Back Cover
In the two decades since the start of economic reforms in China, economic growth in the world's most populous country has been a phenomenal 9.6% per year on average. In China's Economic Transformation, Gregory Chow uses insights gained from over twenty years of teaching, travelling, working with government officials and academics, and interacting with ordinary citizens in Chinese society to address the reason for and nature of China's economic success. Combining historical-institutional and theoretical-quantitative approaches, Chow provides a penetrating and comprehensive analysis of the factors which have contributed to the transformation process. Chow's knowledge of what has happened and what is happening in China leads him to forecast an economic future with imperative worldwide implications.

About the Author

Gregory C. Chow is the Class of 1913 Professor of Political Economy and Professor of Economics, Emeritus, at Princeton University. His previous books include Analysis and Control of Dynamic Economic Systems (1975), Econometrics (1983), The Chinese Economy (1985), Understanding China's Economy (1994), Asia in the Twenty-first Century (1997), and Dynamic Economics (1997). He has advised top government officials in Taiwan and mainland China and in May 2001 the Econometric Research Program at Princeton was named the Gregory C. Chow Econometric Research Program in his honor.