Active economic policies by developing countries’ governments to promote growth and industrialization have generally been viewed with suspicion by economists, and for good reasons: past experiences show that such policies have too often failed to achieve their stated objectives. But the...

Active economic policies by developing countries governments to promote growth and industrialization have generally been viewed with suspicion by economists, and for good reasons: past experiences show that such policies have too often failed to achieve their stated objectives. But the...

Contents: 1. Introduction / Jan Svejnar and Justin Yifu Lin -- Part I: Recent policies and performance: 2. Path to prosperity: China's transition to market economy in the last four decades / Justin Yifu Lin -- 3. China's performance and prospects in the world economy / Jan Svejnar -- 4. The role...