fundamental mechanisms behind China's rapid industrialization. This article reviews the New Stage Theory of economic development … Xiaoping in 1978: namely, small-scale commercialized agricultural production, proto-industrialization in the countryside, a …'s economic rise is that the extent of industrialization is limited by the extent of the market. One of the key strategies behind …

, primarily, but not exclusively, fostering industrialization. We discuss the thin, but growing literature that evaluates the …