This comprehensive overview of the modern Chinese economy by a
noted expert on China's economic development offers a quality and
breadth of coverage not found in any other English-language text.
In The Chinese Economy, Barry Naughton provides both an engaging,
broadly focused introduction to China's economy since 1949 and
original insights based on his own extensive research. The book
will be an essential resource for students, teachers, scholars,
business people, and policymakers. It is suitable for classroom use
for undergraduate or graduate courses.After presenting background
material on the pre-1949 economy and the industrialization, reform,
and market transition that have taken place since, the book
examines different aspects of the modern Chinese economy. It
analyzes patterns of growth and development, including population
growth and the one-child family policy; the rural economy,
including agriculture and rural industrialization; industrial and
technological development in urban areas; international trade and
foreign investment; macroeconomic trends and cycles and the
financial system; and the largely unaddressed problems of
environmental quality and the sustainability of growth.The text is
notable also for placing China's economy in interesting comparative
contexts, discussing it in relation to other transitional or
developing economies and to such advanced industrial countries as
the United States and Japan. It provides both a broad historical
and macro perspective as well as a focused examination of the
actual workings of China's complex and dynamic economic
development. Interest in the Chinese economy will only grow as
China becomes an increasingly important player on the world's
stage. This book will be the standard reference for understanding
and teaching about the next economic superpower.
MIT Press (MA)
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