China's Development

Michel Aglietta is Professor at the University of Paris-X Nanterre and Scientific Advisor for the Center of International Studies and Forecasting (CEPII), Paris, France.Guo Bai is a PhD candidate at HEC Paris, France.

'The book has two particular strengths. The detail in its explanation of how reform evolved in China is impressive. A rich set of statistics illustrates the events and trends and the clear text is accessible to both the general reader and the specialist. Secondly, its approach deviates from that of standard economics, insofar as it adopts an evolutionary account that fits well with our understanding of how progress is made in China. The writing combines socio-economics, complexity theory, non-linear adaptation, co-evolution, and it matches the idea of China as a vast laboratory in which the only predictable factor is the political power. Its conclusions are well-based, well presented, and worthy of attention from all those with an interest in China's future.' - Gordon Redding, Adjunct Professor of Asian Business and Comparative Management at INSEAD

• Introduction: From Imperial History to sui generis Development of Capitalism Part 1: Putting China Today in Historical Perspective 1. A Role for History and Culture in the Resilience of China’s Institutional Framework 2. Growth Regimes in Chinese History Part 2: Understanding Chinese Reforms in the Past Thirty Years 3. On the Political Economy of Reform 4. The Second Phase of Chinese Reform Part 3: The New Stage of Reform toward Sustainability 5. China’s Economic Opening to the World 6. The Making of Sustainable Growth 7. A Road Map for the Transformation of China’s Economic Structure 8. From Policies to Politics