EBOOK China's Remarkable Economic Growth

How has the Chinese economy managed to grow at such a remarkable rate - no less        than ten per cent per annum - for over three decades? This well-integrated book        combines economic theory, empirical estimation, and institutional analysis to        address one of the most important questions facing contemporary economists. A common        thread that runs throughout the book is the underlying political economy: why China        became a 'developmental state', and how it has maintained itself as a'developmental        state'.The book examines the causal processes at work in the evolution of China's        institutions and policies. It estimates cross-country and cross-province growth        equations to shed light on the proximate, and some of the underlying, determinants        of the growth rate. It explores important consequences of China's growth, posing a        series of key questions, such as: is the economy running out of unskilled labour;        why and how has inequality risen; has economic growth raised happiness; what are the        socialcosts of the overriding priority accorded to growth objectives; can China        continue to grow rapidly, or will the maturing economy, or the macroeconomic        imbalances, or financial crisis, or social instability, bring it to an end?Based        mainly on original research, this book will be of interest to growth economists,        development economists, transition economists, China specialists, policy-makers, and        indeed all those who are intrigued by the Chinese growth phenomenon.