It is more than three decades since China initiated its economic reform and open-door
policies. During that period, China has successfully transformed itself from an
inefficient centrally-planned economy to a fast-growing market-orientated economy. To the
rest of the world, China has emerged from the condition of a poor and completely isolated
nation to become the most powerful engine of global economic growth. China’s dynamic
economic transition and development, especially its performance in the current world
financial crisis, have attracted considerable worldwide interest.
This new Routledge collection answers the need for a reference work to allow
researchers and students to gain a better understanding of the history and development of
Chinese economic reform. The gathered classic and cutting-edge scholarship covers a wide
range of critical issues in the modern Chinese economy, with the particular focus on the
period after 1978 when China embarked on economic reform and integration into the global
economy.
Economic Reform in Modern China is supplemented with a full index and includes a
comprehensive introduction, newly written by the editor, which places the collected
material in its historical and intellectual context. It is destined to be valued by
scholars, students, and researchers as a vital research resource.
Table of Contents
Volume I: Macroeconomic Reform and Growth
Part 1: Chinese Economy Before the Reform
1. Audrey Donnithorne, ‘China’s Economic Planning and Industry’, China
Quarterly, 1964, 17, 111–24.
2. Y. Y. Kueh, ‘The Maoist Legacy and China’s New Industrialization Strategy’, China
Quarterly, 1989, 119, 420–47.
3. Justin Yifu Lin, ‘Collectivization and China’s Agricultural Crisis in
1959–1961’, Journal of Political Economy, 1990, 98, 6, 1228–52.
Part 2: Strategy of Economic Reform
4. Jeffrey D. Sachs and Wing Thye Woo, ‘Understanding China’s Economic
Performance’, Journal of Economic Policy Reform, 2000, 4, 1, 1–50.
5. Thomas G. Rawski, ‘Reforming China’s Economy: What Have We Learned?’, China
Journal, 1999, 41, 139–52.
6. Lawrence J. Lau, Yingyi Qian, and Gerard Roland, ‘Reform without Losers: An
Interpretation of China’s Dual-Track Approach to Transition’, Journal of Political
Economy, 2001, 108, 1, 120–43.
Part 3: Economic Growth
7. Alwyn Young, ‘Gold into Base Metals: Productivity Growth in the People’s
Republic of China during the Reform Period’, Journal of Political Economy,
2003, 111, 6, 1220–61.
8. Yan Wang and Yudong Yao, ‘Sources of China’s Economic Growth, 1952–1999:
Incorporating Human Capital Accumulation’, China Economic Review, 2003, 14, 1,
32–52.
9. Andy C. Kwan, Yangru Wu, and Junxi Zhang, ‘Fixed Investment and Economic Growth in
China’, Economics of Planning, 1999, 32, 1, 67–79.
10. Eswar S. Prasad, ‘Is the Chinese Growth Miracle Built to Last?’, China
Economic Review, 2009, 20, 103–23.
11. Harry X. Wu, ‘The Chinese GDP Growth Rate Puzzle: How Fast Has the Chinese
Economy Grown?’, Asian Economic Papers, 2007, 6, 1–23.
Part 4: Monetary and Fiscal Systems and Policies
12. Richard C. K. Burdekin and Pierre L. Siklos, ‘What has Driven Chinese Monetary
Policy Since 1990? Investigating the People’s Bank’s Policy Rule’, Journal of
International Money and Finance, 2008, 27, 847–59.
13. Wenlang Zhang, ‘China’s Monetary Policy: Quantity Versus Price Rules’, Journal
of Macroeconomics, 2009, 31, 3, 473–84.
14. Hehui Jin, Yingyi Qian, and Barry R. Weingast, ‘Regional Decentralization and
Fiscal Incentives: Federalism, Chinese Style’, Journal of Public Economics,
2005, 89, 1719–42.
15. Shuanglin Lin, ‘China’s Value-Added Tax Reform, Capital Accumulation, and
Welfare Implications’, Chinese Economic Review, 2008, 19, 2, 197–214.
16. Liping He, ‘Has Fiscal Federalism Worked for Macroeconomic Purposes? The Chinese
Experience 1994–2003’, China & World Economy, 2008, 16, 1, 17–33.
Volume II: Microeconomic Reform
Part 5: Rural Reform
17. Jean C. Oi, ‘Two Decades of Rural Reform in China: An Overview and Assessment’,
China Quarterly, 1999, 159, 616–28.
18. Justin Yifu Lin, ‘The Household Responsibility System in China’s Agricultural
Reform: A Theoretical and Empirical Study’, Economic Development and Cultural Change,
1988, 36, 3, 199–224.
19. Albert Park and Scott Rozelle, ‘Reforming State-Market Relations in Rural
China’, Economics of Transition, 1998, 6, 2, 461–80.
20. Hongbin Li and Scott Rozelle, ‘Privatizing Rural China: Insider Privatization,
Innovative Contracts and the Performance of Township Enterprises’, China Quarterly,
2003, 176, 981–1005.
21. Chun Chang, Brian P. McCall, and Yijiang Wang, ‘Incentive Contracting Versus
Ownership Reforms: Evidence from China’s Township and Village Enterprises’, Journal
of Comparative Economics, 2003, 31, 414–28.
Part 6: Transformation of State-Owned Enterprises
22. Guy S. Liu, Pei Sun, and Wing Thye Woo, ‘The Political Economy of Chinese-Style
Privatization: Motives and Constraints’, World Development, 2006, 34, 12,
2016–33.
23. Peter Nolan and Wang Xiaoqiang, ‘Beyond Privatization: Institutional Innovation
and Growth in China’s Large State-Owned Enterprises’, World Development,
1999, 21, 1, 169–200.
24. Cyril Z. Lin, ‘Corporatisation and Corporate Governance in China’s Economic
Transition’, Journal of Economics of Planning, 2001, 34, 1–2, 5–35.
25. Anita Chan and Jonathan Unger, ‘A Chinese State Enterprise under the Reforms:
What Model of Capitalism?’, China Journal, 2009, 62, 1–26.
Part 7: Process of Marketization
26. Fureng Dong, ‘China’s Price Reform’, Cambridge Journal of Economics,
1986, 10, 291–300.
27. Yushi Mao and Paul Hare, ‘Chinese Experience in the Introduction of a Market
Mechanism into a Planned Economy: The Role of Pricing’, Journal of Economic Surveys,
1989, 3, 2, 137–58.
28. Xiaobo Zhang, ‘Incremental Reform and Distortions in China’s Product and Factor
Markets’, World Bank Economic Review, 2007, 21, 2, 279–99.
29. Anthony Y. C. Koo and Norman P. Obst, ‘Dual-Track and Mandatory Quota in
China’s Price Reform’, Comparative Economic Studies, 1995, 37, 1, 1–17.
Part 8: Reform of the Financial Sector
30. Richard Podpiera, ‘Progress in China’s Banking Sector Reform: Has Bank
Behaviour Changed?’ (IMF Working Papers, 2006, 06/71).
31. Nicholas R. Lardy, ‘The Challenge of Bank Restructuring in China’, in Strengthening
the Banking System in China: Issues and Experience (Bank for International
Settlements Policy Papers No. 7, 1999), pp. 17–39.
32. Lawrence J. Lau, ‘The Macroeconomy and Reform of the Banking Sector in China’,
in Strengthening the Banking System in China: Issues and Experience (Bank for
International Settlements Policy Papers No. 7, 1999), pp. 59–89.
33. Yasushi Suzuki, Md. Dulal Miah, and Jinyi Yuan, ‘China’s Non-Performing Bank
Loan Crisis: The Role of Economic Rents’, Asian-Pacific Economic Literature,
2008, 22, 1, 57–70.
34. Peter L. Rousseau and Sheng Xiao, ‘Banks, Stock Markets, and China’s
"Great Leap Forward"’, Emerging Markets Review, 2007, 8, 3, 206–17.
Volume III: External Economic Relations
Part 9: External Trade
35. Lucy Reesa and Rod Tyersb, ‘Trade Reform in the Short Run: China’s WTO
Accession’, Journal of Asian Economics, 2004, 15, 1–31.
36. Bin Xu, ‘Infant Industry and Political Economy of Trade Protection’, Pacific
Economic Review, 2006, 11, 3, 363–78.
37. Matthieu Bussiere and Bernd Schnatz, ‘Evaluating China’s Integration in World
Trade with a Gravity Model Based Benchmark’, Open Economies Review, 2009, 1,
20, 85–111.
38. Sumner J. La Croix and Denise Eby Konan, ‘Intellectual Property Rights in China:
The Changing Political Economy of Chinese-American Interests’, World Economy,
2002, 25, 6, 759–88.
39. Jikun Huan et al., ‘Agricultural Trade Liberalization and Poverty in China’, China
Economic Review, 2007, 18, 244–65.
Part 10: Foreign Direct Investment in China
40. Chyau Tuan, Linda F.Y. Ng, and Bo Zhao, ‘China’s Post-Economic Reform Growth:
The Role of FDI and Productivity Progress’, Journal of Asian Economics, 2009,
20, 280–93.
41. Stephane Dees, ‘Foreign Direct Investment in China: Determinants and Effects’, Economics
of Planning, 1998, 31, 2–3, 175–94.
42. Yih-Chyi Chuang and Pi-Fum Hsu, ‘FDI, Trade, and Spillover Efficiency: Evidence
from China’s Manufacturing Sector’, Applied Economics, 2004, 36, 10,
1103–15.
43. Xiaming Liu et al., ‘Country Characteristics and Foreign Direct Investment in
China: A Panel Data Analysis’, Review of World Economics, 1997, 133, 2,
313–29.
44. Yasheng Huang, ‘One Country, Two Systems: Foreign-Invested Enterprises and
Domestic Firms in China’, China Economic Review, 2003, 14, 4, 404–16.
Part 11: Exchange Rate Policy
45. Zhichao Zhang, ‘Exchange Rate Reform in China: An Experiment in the Real Targets
Approach’, World Economy, 2000, 23, 8, 1057–81.
46. Jeffrey A. Frankel and Shang-Jin Wei, ‘Assessing China’s Exchange Rate
Regime’, Economic Policy, 2007, 22, 575–627.
47. Alicia Garcia-Herrero and Tuuli Koivu, ‘China’s Exchange Rate Policy and Asian
Trade’ (Bank for International Settlements Working Papers No. 282, 2009).
48. Wing Thye Woo, ‘Understanding the Sources of Friction in US–China Trade
Relations: The Exchange Rate Debate Diverts Attention Away from Optimum Adjustment’, Asian
Economic Papers, 2008, 7, 3, 65–99.
Part 12: China’s Outward Investment
49. Guonan Ma and Haiwen Zhou, ‘China’s Large and Rising Net Foreign Asset
Position’, China & World Economy, 2009, 17, 5, 1–21.
50. Hung-Gay Fung, Qingfeng Wilson Liu, and Erin H. C. Kao, ‘China’s Outward Direct
and Portfolio Investments’, China & World Economy, 2007, 15, 6, 53–68.
51. Mark Yaolin Wang, ‘The Motivations Behind China’s Government-Initiated
Industrial Investments Overseas’, Pacific Affairs, 2002, 75, 2, 187–206.
Volume IV: Political Economy
Part 13: Political Economy of Reform
52. Jeffrey Sachs, Wing Thye Woo, and Xiaokai Yang, ‘Economic Reforms and
Constitutional Transition’, Annals of Economics and Finance, 2000, 1, 423–79.
53. Dali Yang, ‘Economic Transformation and its Political Discontents in China:
Authoritarianism, Unequal Growth, and the Dilemmas of Political Development’, Annual
Review of Political Science, 2006, 9, 143–64.
54. Steven M. Goldstein, ‘China in Transition: The Political Foundations of
Incremental Reform’, China Quarterly, 1995, 144, 1105–31.
55. Mary E. Gallagher, ‘Reform and Openness: Why China’s Economic Reforms Have
Delayed Democracy’, World Politics, 2002, 54, 3, 338–72.
Part 14: Economic Growth and Society
56. Luigi Tomba, ‘Creating an Urban Middle Class: Social Engineering in Beijing’, China
Journal, 2004, 51, 1–26.
57. Jude Howell, ‘The Chinese Economic Miracle and Urban Workers’, European
Journal of Development Research, 9, 2, 148–75.
58. Linda Yueh, ‘China’s Entrepreneurs’, World Development, 2009, 37, 4,
778–86.
59. Shuntian Yao, ‘Privilege and Corruption: The Problems of China’s Socialist
Market Economy’, American Journal of Economics and Sociology, 2002, 61, 1,
279–99.
Part 15: Income Distribution across Regions and Social Groups
60. Wei Zhang, ‘Rethinking Regional Disparity in China’, Economics of Planning,
2001, 34, 1–2, 113–38.
61. Terry Sicular et al., ‘The Urban–Rural Income Gap and Inequality in China’, Review
of Income and Wealth, 2007, 53, 1, 93–126.
62. Xin Meng, Robert Gregory, and Youjuan Wang, ‘Poverty, Inequality, and Growth in
Urban China, 1986–2000’, Journal of Comparative Economics, 2005, 33, 4,
710–29.
63. Loraine A. West and Christine P. Wong, ‘Fiscal Decentralization and Growing
Regional Disparities in Rural China: Some Evidence in the Provision of Social Services’,
Oxford Review of Economic Policy, 1995, 11, 4, 70–84.
Part 16: Social Security
64. Martin S. Feldstein, ‘Social Security Pension Reform in China’ (NBER Working
Papers No. 6794, 1998).
65. Hongxin Li and Marcel Mérette, ‘Population Ageing and Pension System Reform in
China: A Computable Overlapping-Generations General Equilibrium Model Analysis’, Journal
of Chinese Economic and Business Studies, 2005, 3, 263–77.
66. Xiaoyan Lei Lei and Wanchuan Lin, ‘The New Cooperative Medical Scheme in Rural
China: Does More Coverage Mean More Service and Better Health?’, Health Economics,
2009, 8, 25–46.
67. H. Maci Mocan, Erdal Tekin, and Jeffrey S. Zax, ‘The Demand for Medical Care in
Urban China’, World Development, 2004, 32, 2, 289–304.
1736 pages in 4 vols, Hardcover