A quest to explain institutional change that gave rise to a new economic order is complex
and challenging. This book reports the results of a six-year (2005–2011) study that aims to …

This article sets a new agenda for research on the trajectory of Chinese capitalism. We first
critically review the conflicting views on the causes of China's economic development. Then …

Wedevelop a theory of institutional change and apply it to analyze China's transition toward
capitalism. We focus on how product market competition induces institutional change …

Since 1978, China has pursued sweeping economic changes in an officially sponsored
transition from a Stalinist centrally planned economy to a socialist market economy. China's …

This paper focuses on China's industrial sector, utilizing both qualitative and quantitative
evidence. We show the role of the state in China, far from withering out, is massive …

I welcome this opportunity to comment on the market transition in China and Hungary, a
topic I have been studying intermittently for a decade. It gives me a chance to share my …

China's transition to the market followed a different path from those countries in eastern
Europe and the former Soviet Union. This paper tells the story of this transition process. In …

This edited volume represents the first collaborative effort to explicitly view China's rapid
international ascent as associated with the same process that catapulted Great Britain, the …

Since 1978, the end of the Mao era, economic growth in China has outperformed every
previous economic expansion in modern history. While the largest Western economies …

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 …