China's Great Economic Transformation

Loren Brandt is Professor of Economics at the University of Toronto, where he has been since 1987. Previously, he was at the Hoover Institution. Professor Brandt has published widely on China in leading economic journals, and been involved in extensive household and enterprise survey work in China. He is the author of Commercialization and Agricultural Development: Central and Eastern China, 1870–1937, and was an area editor for the five-volume Oxford Dictionary of Economic History. Thomas G. Rawski is Professor of Economics and History and UCIS Research Professor at the University of Pittsburgh. His work covers many dimensions of China's development and modern economic history and includes Economic Growth and Employment in China, China's Transition to Industrialism, Economic Growth in Prewar China, Chinese History in Economic Perspective, Economics and the Historian, and China's Rise and the Balance of Influence in Asia.

'This impressive collection of twenty chapters provides a comprehensive, penetrating, and timely analysis of China's remarkable economic transformation in the past three decades, one of the most significant economic events with global importance. All of the chapters are written by some of today's most active experts on China's economy, and many chapters jointly with the distinguished experts in the specific area of the discipline. The authors do not analyze China's case in isolation but place it in the general context of economic development and transition and the experiences of other economies; and they do not simply amass the numbers but interpret the data in light of economic theories. It is a valuable book for those who want to gain an in-depth knowledge about China's economic achievements, shortcomings, and challenges.' Yingyi Qian, University of California, Berkeley

• 1. China's great economic transformation Loren Brandt and Thomas G. Rawski; 2. China and development economics Alan Heston and Terry Sicular; 3. China in light of the performance of Central and East European economies Jan Svejnar; 4. A political economy of China's economic transition Barry Naughton; 5. The demographic factor in China's transition Wang Feng and Andrew Mason; 6. The Chinese labor market in the reform era Fang Cai, Albert Park and Yaohui Zhao; 7. Education in the reform era Emily Hannum, Jere Behrman, Meiyan Wang and Jihong Liu; 8. Environmental resources and economic growth James Roumasset, Hua Wang and Kimberly Burnett; 9. Science and technology in China Albert G. Z. Hu and Gary H. Jefferson; 10. The political economy of private sector development in China Stephan Haggard and Yasheng Huang; 11. The role of law in China's economic development Donald Clarke, Peter Murrell and Susan Whiting; 12. China's fiscal system: a work in progress Christine P. W. Wong and Richard M. Bird; 13. Agriculture in China's development: past disappointments, recent successes and future challenges Jikun Huang, Keijiro Otsuka and Scott Rozelle; 14. China's financial system: past, present, and future Franklin Allen, Jun Qian and Meijun Qian; 15. China's industrial development Loren Brandt, Thomas G. Rawski and John Sutton; 16. China's embrace of globalization Lee Branstetter and Nicholas Lardy; 17. Growth and structural transformation in China Loren Brandt, Chang-tai Hsieh and Xiaodong Zhu; 18. Income inequality during China's economic transition Dwayne Benjamin, Loren Brandt, John Giles and Sangui Wang; 19. Spatial dimensions of Chinese economic development Kam Wing Chan, Vernon Henderson and Kai Yuen Tsui; 20. Forecasting China's economic growth over the next two decades Dwight H. Perkins and Thomas G. Rawski.