This book offers a detailed, comprehensive, and relatively non-technical overview of how and why the Chinese economy grew after 1978. It argues that the Chinese government played a very positive role in the process. By contrast, foreign trade and foreign investment were less important than usually thought. The book also concludes that China benefited from some of the policies adopted by Mao in the 1960s and 1970s.
Part I - Chinese Economic Growth in Outline 1. Introduction: The Dengist Restoration 2. The Process of Economic Growth 3. The Contributions of Industry and Agriculture 4. Theories of Economic Growth Part II - The Role of Initial Conditions 5. The Maoist Legacy and the Literature 6. Social Capability and Physical Capital at the End of the Maoist Era 7. The Role of Surplus Labour 8. The Rates of Saving and Investment Part III - Other Proximate Sources of Growth 9. Capital Accumulation after 1978 10. The Growth of Productivity 11. Differences in Prefectural Growth Rates Part IV - The Growth-Promoting State and its Origins 12. The Master Discourse and the State 13. Aggregate Demand and the Internal Terms of Trade 14. The Chinese State and Agriculture 15. The Open Door 16. The State, Industry, and Infrastructure 17. Origins of the Growth-Promoting State 18. Conclusion