Cover -- Praise for Markets over Mao -- Title page -- Copyright page -- Table of Contents -- Preface -- PIIE's Board of Directors -- Acknowledgments -- Introduction -- Chapter 1 State versus Market Capitalism -- Chapter 2 Reform of State-Owned Enterprises -- Chapter 3 Rise of the Private Sector...

China has the most restricted capital markets in Asia. Constraints on capital freedom have resulted in politicization of investment decisions, corruption, waste of capital, and loss of personal freedom. Ending financial repression in China by liberalizing macro-economic prices and making the...

When persons are modelled as self-interested in politics ... the constitutional challenge becomes one of constructing and designing framework institutions or rules that will, to the maximum extent possible, limit the exercise of such interest in exploitative ways and direct such interest to...

As China has become an increasingly important part of the global trading system over the past two decades, interest in the country and its international economic policies has increased among international economists who are not China specialists. This paper represents an attempt to provide the...