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...

Industrialization supported by industrial hubs has been widely associated with structural transformation and catch-up. But while the direct economic benefits of industrial hubs are significant, their value lies first and foremost in their contribution as incubators of industrialization,...