This paper pinpoints "circular and cumulative causation" as the fundamental mechanism driving the observed trend of uneven industrial development in the Chinese economy. A shift-share analysis of manufacturing performance at the provincial level identifies five provinces in Southeast China -...

"China: The Next Twenty Years of Reform and Development highlights how the deepening of reforms in critical areas such as domestic factor markets, the exchange rate regime and the health system, combined with the strengthening of channels for effective policy implementation, will enable China to...