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China is home to 1.3 billion people, about 20 per cent of the world`s population, and is poised to become the largest economy in the world. The Chinese growth phenomenon presents a conundrum, with many analysts concerned about `cooked data`, asset bubbles about to burst, and so on. Yet the Chinese economy has kept growing at a blistering pace, 9-10 per cent annually and more at times, and the landscape of the world is fast changing due to China`s unique position.
Analysing the last 30 years of reforms, this book helps us understand the Chinese growth success, the factors that made this possible, and the lessons that can be distilled from this experience for other developing countries. Arguing that traditional explanations are inadequate, the author applies the `development as transformation` thesis to provide answers to a wide range of questions: Why has China grown so rapidly over such a long time, and what are the country`s prospects in the future? Will it keep growing? Will it actually overtake the US as the largest economy in the world as some observers have been forecasting, or will it implode as the many contradictions in the economy and society grind it to a halt?
The book has the vantage of the author being an economist, a development practitioner, and resident in China for almost seven years.
ISBN - 9780198078838
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