China's accession to the World Trade Organization (WTO) has been hailed as the biggest coming-out party in the history of capitalism. Its membership eventually will contribute to higher standards of living for its citizens and increased growth for its economy. But why would the Chinese communist...

Cover -- Praise for Markets over Mao -- Title page -- Copyright page -- Table of Contents -- Preface -- PIIE's Board of Directors -- Acknowledgments -- Introduction -- Chapter 1 State versus Market Capitalism -- Chapter 2 Reform of State-Owned Enterprises -- Chapter 3 Rise of the Private Sector...