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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 resear 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.


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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 resear 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.

30 review for The Chinese Economy: Transitions and Growth

  1. 5 out of 5

    Matthew

    Somewhat dry but otherwise very good and useful reading. One major structural observation I found very useful was the division of CHina's reform into 2 stages -- from 1978 to 1993, a reform 'without losers', as Naughton calls it, and then 1993 to the present, a reform 'with losers'. On the reform, Naughton also notes how remarkable it is that China managed to transition its economy without the major macroeconomic disturbances or the widespread banditry observed in the disintegrated USSR -- he at Somewhat dry but otherwise very good and useful reading. One major structural observation I found very useful was the division of CHina's reform into 2 stages -- from 1978 to 1993, a reform 'without losers', as Naughton calls it, and then 1993 to the present, a reform 'with losers'. On the reform, Naughton also notes how remarkable it is that China managed to transition its economy without the major macroeconomic disturbances or the widespread banditry observed in the disintegrated USSR -- he attributes this to the policy of maintaining the state's provision of critical industries/services, while opening up to markets on the margin, such that, as he describes, it started out a big chunk of centralised industry with a wee bit of market activity on the periphery, but as the market activity grew and the centalised part was slowly let go off, it gradually became a small island of centralised industry floating about in a wide sea of market activity. There is also good narrative discussion of the rural-urban divide -- not just the statistics but also of the policies and political history behind the divide -- and of the industrial and trade policy, and the evolution of the financial system. One thing I'd have liked to see more of is discussion of how much China remains a centralised economy dependent on top down policy guidance, despite all the market reforms and pricing infrastructure -- there is some recognition that the major industries remain SOE controlled, but there is not much input on how and why even areas like the property market, ostensibly freely market priced, are still extremely dependent on policy direction.

  2. 5 out of 5

    Ben Jaques-Leslie

    If you want a book on the the Chinese Economy, this is the one. Great in detail and well-organized. Written by one of my professors from grad school and we used it in his class. Honestly, class time wasn't very necessary after closely reading the book. My copy is well highlighted. If you want a book on the the Chinese Economy, this is the one. Great in detail and well-organized. Written by one of my professors from grad school and we used it in his class. Honestly, class time wasn't very necessary after closely reading the book. My copy is well highlighted.

  3. 5 out of 5

    Eny Rebel

    Excellent overview and good detail of the Chinese economics and transition. Learnt a lot about China from this book

  4. 5 out of 5

    Dulguun

    one of the best researches made on chinese economy. well explained and analyzed.

  5. 4 out of 5

    Andrew Daniels

    Insightful, reliable and not that out of date, all considering There are alot of worse books on China, so this one is pretty passable definitely an option to read, but its not genius, eminently readable or illuminating

  6. 4 out of 5

    val

    read this for my econ class. v comprehensive

  7. 5 out of 5

    V

    Read most of the first edition and loved the clarity of writing. Important fascinating topic. Looking forward to reviewing 2nd edition.

  8. 4 out of 5

    Theresa Leone Davidson

    The Chinese Economy is a long, dry book that covers everything you could possibly want to know about the country's economy. There is background material on their economy before 1949, and the industrialization, reform, and market transitions that have taken place since. Writer Barry Naughton also discusses different aspects of the modern Chinese economy, and patterns of growth and development, including population growth and the one child family policy. Of particular interest, for me at least, wa The Chinese Economy is a long, dry book that covers everything you could possibly want to know about the country's economy. There is background material on their economy before 1949, and the industrialization, reform, and market transitions that have taken place since. Writer Barry Naughton also discusses different aspects of the modern Chinese economy, and patterns of growth and development, including population growth and the one child family policy. Of particular interest, for me at least, was the information on international trade and foreign investment, particularly in the United States. I would imagine you would need to be really interested in the subject to enjoy the book, but if China's economy does interest you, then I would recommend this.

  9. 5 out of 5

    Jane Chu

    The first few chapters--background and history of the Chinese economy--were extraordinary and should be required reading for anyone doing anything related to China. Then the book got really dry and outdated, mostly repackaged literature reviews or journal articles, not very interesting unless you need specific data for further research. Still a good resource to keep on the shelf.

  10. 4 out of 5

    Daniel

    This is a great overview of China's economy. Particularly useful is the progression from basic and easy to understand topics to more technical chapters, such as finance. Because of this, it is suitable for both people with and without a background in economics. This is a great overview of China's economy. Particularly useful is the progression from basic and easy to understand topics to more technical chapters, such as finance. Because of this, it is suitable for both people with and without a background in economics.

  11. 4 out of 5

    Sirenalu

    This was the textbook used for a sinology course in uni. The chapters are clear structured and most of them were easy to read. Interesting for those who want to know about the history of chinas economic transition from pre-1978 till about 2005. Some chapters might be boring though.

  12. 5 out of 5

    Sigrid-marianella

    Great introduction to the Chinese Economy, its history and development prior to the financial crisis.

  13. 4 out of 5

    Chase

    Very good survey of China. I read it for a class taught by the author. I'd recommend it to anyone looking to understand China. Very good survey of China. I read it for a class taught by the author. I'd recommend it to anyone looking to understand China.

  14. 4 out of 5

    Stacey

    Excellent overview and good detail of the transition China has made over the last thirty years. I read most of this book for a class, and I look forward to reading the rest when I have time.

  15. 5 out of 5

    Mithradates K

  16. 4 out of 5

    Noramone Potter

  17. 4 out of 5

    Mark Ma

  18. 4 out of 5

    Lannoable

  19. 5 out of 5

    Ronald Barba

  20. 4 out of 5

    Guolong Zhou

  21. 5 out of 5

    Jeremy Beck

  22. 4 out of 5

    Ruth

  23. 5 out of 5

    Miruna

  24. 5 out of 5

    James

  25. 4 out of 5

    Achint Garg

  26. 4 out of 5

    Christy

  27. 4 out of 5

    麻辣

  28. 5 out of 5

    Vinícius

  29. 4 out of 5

    Joost Klarenbeek

  30. 5 out of 5

    America Herrera

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