How did China emerge from isolation and poverty under Mao Zedong to become the economic powerhouse shaping the 21st century? Soon after Mao died in 1976, China's leaders invited many of the leading foreign economists to come to China and sought their input on economic policy. This book...

In the current slowdown in Europe, the United States and Japan, policy makers are vexed by the question when a recovery will come. This is the wrong question. The issue should be how a higher growth path can be reached in the long run, i.e., how the potential growth rate of our economies can be...