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Journal of Economic Literature - Book Review

JEL Volume. 51, Issue 2 | leftPrevious Review Next Review right

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Book(s) Reviewed

Demystifying the Chinese Economy by Justin Yifu Lin

Published By: Translation. Cambridge and New York: Cambridge University Press
ISBN: 978-0-521-19180-7, cloth; 978-0-521-18174-7, pbk.
Date of Publication: 2012


Book Review Detail

Reviewed by: Belton M. Fleisher of Ohio State University, Central University of Finance and Economics, and IZA
Review DOI: 10.1257/jel.51.2.544.r12
Review Pages: 564-70

Book Review Abstract

Belton M. Fleisher of Ohio State University, Central University of Finance and Economics, and IZA reviews,
"Demystifying the Chinese Economy" by Justin Yifu Lin. The Econlit abstract of this book begins: "Originally
published in Chinese in 2009. Updated English-language edition explores China's economic development and
transition over the past few centuries and considers the reforms necessary for China to complete the transition to a
well-functioning market economy. Discusses opportunities and challenges in China's economic development; why
the Scientific and Industrial Revolutions bypassed China; the great humiliation and the Socialist Revolution; the
comparative advantage-defying, catching-up strategy and the traditional economic system; enterprise viability and
factor endowments; the comparative-advantage-following development strategy; rural reform and the three rural
issues; urban reform and the remaining issues; reforming the state-owned enterprises; the financial reforms;
deflationary expansion and building a new socialist countryside; improving the market system and promoting
fairness and efficiency for harmonious development; and reflections on neoclassical theories. Lin is Senior Vice
President and Chief Economist of the World Bank."


Book Review Full-Text Access



Book Review Authors

Belton M. Fleisher of Ohio State University, Central University of Finance and Economics, and IZA


JEL Classifications

O10: Economic Development: General
O20: Development Planning and Policy: General
O53: Economywide Country Studies: Asia including Middle East
P20: Socialist Systems and Transitional Economies: General
P30: Socialist Institutions and Their Transitions: General


Journal of Economic Literature


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