This paper studies the relationship between decentralization and the success of reform in
China. We argue that a particular form of decentralization—called market-preserving …

China's remarkable economic success rests on a foundation of political reform providing a
considerable degree of credible commitment to markets. This reform reflects a special type …

Many scholars attribute China's market reforms and the remarkable economic performance
they have fostered in part to the country's political and fiscal decentralization. Political …

China's economic reforms have resulted in spectacular growth and poverty reduction.
However, China's institutions look ill-suited to achieve such a result, and they indeed suffer …

China encountered problems preserving economic stability while pursuing reforms aimed at
increasing its economic flexibility and efficiency. This paper examines China's experience …

This article argues that a single simple interpretative framework explains a great deal about
China's reform process. This framework, which I label the monopoly industry framework, can …

In the past decade, China was able to carry out economic reform without political reform,
while the Soviet Union attempted the opposite strategy. How did China succeed at economic …

Decentralization is often hailed as a means of improving economic policy because it
improves the flexibility of policy-making. This article explains why arguments in favor of …

This paper intends to properly account for China's two decades of market transition by
examining its institutional foundations. The journey of transition is analyzed as a two-stage …

Central-local relations are a core but problematic issue in China's reform process. The
conventional wisdom is that the economic reforms have considerably weakened control by …