During transition, maintaining employment and providing a social safety net to the unemployed are important to social stability, which in turn is crucial for the productivity of the whole economy. Because independent institutions for social safety are lacking and firms with strong profit...

This book examines the development model that has driven China's economic success and looks at how it differs from the Washington Consensus. China's Development Model (CDM) is examined with a view to answering a central question: given China's peculiar matrix of a socialist party-state...