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How Reform Worked in China: The Transition from Plan to Market (MIT Press) Paperback – November 17, 2017
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In this masterful book, Yingyi Qian unlocks China's economic mystery―how a country still ruled by the Communist Party and rampant with state intervention has engineered the most impressive poverty reduction and economic growth experience in history. Qian explicates in detail the key role played by what he calls 'transitional institutions,' arrangements that are far from what's considered best practice yet much more effective because they are suited to the local context. The book's lessons go beyond China and open the reader's mind to the potential diversity of development paths around the world. Qian has done economists and practitioners alike a great service by putting this collection together.(Dani Rodrik, Ford Foundation Professor of International Political Economy, John F. Kennedy School of Government, Harvard University)
Over the years, Yingyi Qian wrote a series of important papers that applied economic theory creatively to distinctive Chinese institutions. Each one opened up fresh insights and most were instantly accepted as classics that were fundamental to any analysis of China. Now brought together and reintroduced by Qian, the pieces work together to create the most coherent and compelling perspective on China's overall economic transformation available. Indispensable for economists and political scientists alike.(Barry Naughton, Professor, School of Global Policy and Strategy (GPS), University of California, San Diego; author of The Chinese Economy: Adaptation and Growth, 2nd edition)
About the Author
Yingyi Qian is Dean and Professor of the School of Economics and Management at Tsinghua University in Beijing. He is a Fellow of the Econometric Society and winner of the 2016 China Economics Prize. He has served on the faculties of economics at Stanford University, the University of Maryland, and the University of California, Berkeley.
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