Chapter

The Evolution of Institutions and Policies

John Knight

in China's Remarkable Economic Growth

Published in print April 2012 | ISBN: 9780199698691
Published online May 2012 | e-ISBN: 9780191739118 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199698691.003.0003
The Evolution of Institutions and Policies

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This chapter provides a brief economic history of the transition to a market economy in China. It begins in Section 3.2, with a brief account of the period of central planning. Section 3.3 examines the evolution of rural reform, and Section 3.4 does the same for urban reform. Section 3.5 considers those aspects of policies and institutions that relate to the economy as a whole. Section 3.6 examines the underlying political economy of the economic reform process. Section 3.7 draws conclusions about the relationships between policies and institutions, on the one hand, and economic growth, on the other hand, and explains how the results of this chapter will inform the analysis of later chapters.

Keywords: economic history; economic transition; market economy; central planning; rural reform; urban reform; economic policy; economic reform; economic growth

Chapter.  13610 words.  Illustrated.

Subjects: Business and Management

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