This paper's goal is to increase the understanding of the inequality trends during the transitional period in China. From 1978 to 1995, China has been undergoing 18 years far-reaching economic system reform and opening to the outside world nationwide. During the transitional periods, the average...

Institutions are not only created and built, but also, and especially, need to be learnt. It is a process which takes place in all economies, but acquires a special importance in less advanced countries. Not only theoretical arguments, but also the practical experience over the past 15 years...