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The Chinese Economy: Transitions and Growth Barry Naughton
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Naughton's most recent book is The Chinese Economy: Transitions and Growth, a comprehensive survey of the Chinese economy. At a minimum it'll allow more of its citizens to buy widgets that help them get around the Great Firewall. To make matters worse, this leadership transition was occurring while the Chinese economy stumbled. Since its departure from Communism and the liberalization of its economy, China has experienced extremely high economic growth rates, raised hundreds of millions of people out of poverty, and has become a central component of the global economy due to its high degree of integration and essential role in the supply chain (Sachs, 2005, 165-169). Naughton, Barry, 2007, The Chinese Economy Transitions and Growth, Boston, Massachusetts: MIT Press. GDP growth rates, beginning in the middle of 2011, began to falter. I travel to China fairly often, and it sure looks like a fast growing East Asian economy, even in the interior of the country. Economic growth hopefully will bring more freedom to China's people. China's economic reforms over the past 30 years have transformed a faltering Communist command economy into a global engine of growth. During its transition to the current policy regime, it grew extremely fast, yet remains poor. €�No one can forecast with confidence the future of the Chinese economy,” he said.