Joseph C.H. Chai - Böcker

China is poised to become the world's largest economy and market by early next century. Since contemporary China is rooted in its past, the key to understanding the modern Chinese economy is in understanding its historical development.The Economic Development of Modern China traces the development of the Chinese economy from the mid-19th century to the present day. To accomplish this task, this collection brings together the most influential writings in this field during the twentieth century which were originally published in numerous specialized international journals and monographs. This authoritative three volume set, together with a new introduction by the editor, covers a wide range of topics including pre-war Chinese economic growth and development, socialist modernization during 1949-78, and the market orientated reforms since 1979. It will be an essential reference for students, researchers and professionals who are interested in the Chinese economy.

Recent acceleration of the Indian economic growth rate from 6 to 8 per cent has sparked worldwide speculation that India is about to catch up with China and become another Asian miracle economy. Economic Reform in China and India examines this prospect, reviewing the development strategies pursued by the two countries over the last 50 years in general and exploring recently introduced reform measures in particular. The culmination of many years of research by specialists in these economies, this book assesses the performance of China and India at both macro and sectoral levels (including economic, social, political and environmental aspects). It illustrates the reasons why China has outperformed India in the past and identifies the obstacles that India will face in its attempts to catch up with China. Providing solutions for China and India that can be applied to other developing countries, this book will be invaluable for researchers, academics and students focussing on economic development and Asian studies. It will also receive much attention from investors and government analysts interested in the strategic implications of the emergence of the two Asian economic giants.

China's prospects of successfully completing the transition to a market economy and becoming the world's largest economy during the 21st century depend on the future sustainability of high rates of economic growth. This book is a comprehensive, balanced and realistic assessment of China's financial reform program and future direction. Covering not only the banking sector but also non-bank financial institutions, stock market development and external financial liberalization, the authors examine the impact of financial reform on economic development in China during the reform period. This volume will facilitate a more accurate assessment of the Chinese approach to financial reform, and will therefore, allow more informed future policy choices for both China and other developing and transitional countries. Financial Reform and Economic Development in China contains a wealth of information for anyone concerned with China's economic future, and should be required reading for those in the corporate business sector, academics and government analysts.