{"product_id":"9780199698691","title":"China's Remarkable Economic Growth","description":"\u003cp\u003eHow has the Chinese economy managed to grow at such a remarkable rate—no less than ten per cent per annum—for over three decades? This well-integrated book combines economic theory, empirical estimation, and institutional analysis to address one of the most important questions facing contemporary economists. A common thread that runs throughout the book is the underlying political economy: why China became a \"developmental state,\" and how it has maintained itself as a \"developmental state\".\u003c\/p\u003e\u003cp\u003eThe book examines the causal processes at work in the evolution of China's institutions and policies. It estimates cross-country and cross-province growth equations to shed light on the proximate, and some of the underlying determinants of the growth rate. It explores important consequences of China's growth, posing a series of key questions, such as: is the economy running out of unskilled labor; why and how has inequality risen; has economic growth raised happiness; what are the social costs of the overriding priority accorded to growth objectives; can China continue to grow rapidly, or will the maturing economy, or the macroeconomic imbalances, or financial crisis, or social instability, bring it to an end?\u003c\/p\u003e\u003cp\u003eBased mainly on original research, this book will be of interest to growth economists, development economists, transition economists, China specialists, policy-makers, and indeed all those who are intrigued by the Chinese growth phenomenon.\u003cbr\u003e\u003c\/p\u003e","brand":"Oxford University Press, USA","offers":[{"title":"Default Title","offer_id":47022665203952,"sku":"9780199698691","price":47.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9780199698691_p0.jpg?v=1763671753","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9780199698691","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}