Pt. 1. Fitoussi lecture. Economics and China's economic rise / Wu Jinglian -- pt. 2. Perspectives of the Chinese economy. China's investment and GDP growth boom : when and how will it end? / Dwight H. Perkins ; Six systemic reforms with which China must press ahead / Lou Jiwei ; When demographic...

List of tables -- List of figures -- Comparative analysis -- The five phases of economic development and institutional evolution in China, Japan and Korea / M. Aoki -- Social organizations, risk sharing institutions and economic development / A. Greif, M. Iyugun & D. Sasson -- Before and beyond...

This collection of essays from eminent scholars discusses different phases and measures of economic development, evaluating the success of national economic transitions and providing valuable policy lessons for developing economies.

This paper proposes an analytical-cum-conceptual framework for understanding the nature of institutions as well as their changes. First, it proposes a new definition of institution based on the notion of common knowledge regarding self-sustaining features of social interactions with hope to...

China has enjoyed a higher growth rate for a longer period than any other nation to date. This volume brings together leading economists to analyse this unprecedented economic boom, and discuss prospects for the future. Chapters address a wide range of issues, covering not only financial...