"This comprehensive overview of the modern Chinese economy by a noted expert on China's economic development offers a … both an engaging, broadly focused introduction to China's economy since 1949 and original insights based on his own … notable also for placing China's economy in interesting comparative contexts, discussing it in relation to other transitional …

The rise of China is no doubt the most important event in world economic history since the Industrial Revolution. The … institutional theory of development based on a dichotomy of extractive vs. inclusive political institutions cannot explain China … the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the …