Description: This collection of essays interprets the successes and failures of China's post-Mao economic reforms and discusses the lessons they provide for the transitional economies of other regions, most notably Eastern Europe. The contributions to the volume draw out the policy and theoretical implications of China's transitional economy, looking at notable features of China's reform path, an analysis of the reform's success, and a discussion of whether this success can be sustained.
Review Quotes: "Apart from its value as a readable survey (and one accessible to noneconomists), this book will be useful in courses on the Chinese economy and in comparative economics. Half, or more, of the papers in the volume are suitable for any such course. Most of the papers cover the period through the end of 1994, and will remain useful as the book finds its way to readers."--Journal of Developing Areas