China’s Great Economic Transformation
Published 2008



Edited by

LOREN BRANDT
University of Toronto

THOMAS G. RAWSKI
University of Pittsburgh

Content：

1. China’s Great Economic Transformation 1
Loren Brandt and Thomas G. Rawski

2. China and Development Economics 27
Alan Heston and Terry Sicular

3. China in Light of the Performance of the Transition
Economies 68
Jan Svejnar

4. A Political Economy of China’s Economic Transition 91
Barry Naughton

5. The Demographic Factor in China’s Transition 136
WANG Feng and Andrew Mason

6. The Chinese Labor Market in the Reform Era 167
Fang Cai, Albert Park, and Yaohui Zhao

7. Education in the Reform Era 215
Emily Hannum, Jere Behrman, Meiyan Wang, and Jihong Liu

8. Environmental Resources and Economic Growth 250
James Roumasset, Kimberly Burnett, and Hua Wang

9. Science and Technology in China 286
Albert G. Z. Hu and Gary H. Jefferson

10. The Political Economy of Private Sector Development in China 337
Stephan Haggard and Yasheng Huang

11. The Role of Law in China’s Economic Development 375
Donald Clarke, Peter Murrell, and Susan Whiting

12. China’s Fiscal System: A Work in Progress 429
Christine P. W. Wong and Richard M. Bird

13. Agriculture in China’s Development: Past Disappointments, Recent
Successes, and Future Challenges 467
Jikun Huang, Keijiro Otsuka, and Scott Rozelle

14. China’s Financial System: Past, Present, and Future 506
Franklin Allen, Jun Qian, and Meijun Qian

15. China’s Industrial Development 569
Loren Brandt, Thomas G. Rawski, and John Sutton

16. China’s Embrace of Globalization 633
Lee Branstetter and Nicholas R. Lardy

17. Growth and Structural Transformation in China 683
Loren Brandt, Chang-tai Hsieh, and Xiaodong Zhu

18. Income Inequality during China’s Economic Transition 729
Dwayne Benjamin, Loren Brandt, John Giles, and Sangui Wang

19. Spatial Dimensions of Chinese Economic Development 776
Kam Wing Chan, J. Vernon Henderson, and Kai Yuen Tsui

20. Forecasting China’s Economic Growth to 2025 829
Dwight H. Perkins and Thomas G. Rawski

Index 887