Demystifying The Chinese Miracle

The book attempts to explain China's phenomenal economic miracle and to predict its future through a theoretical framework which accounts for the dynamic relationship between economic development and institutions. It unravels China's economic miracle in light of the theory introduced. The book presents the theory of interlinked relational contract, the workhorse model of the book. The theory highlights that effective governance is a function of market extent and market completeness.

• | Author: Wang Yongqin
• | Publisher: Routledge
• | Publication Date: Jun 25, 2015
• | Number of Pages: 144 pages
• | Language: English
• | Binding: Paperback
• | ISBN-10: 1138915270
• | ISBN-13: 9781138915275