Review of "The Chinese Economy Transitions and Growth" by Barry Naughto
"The Chinese Economy Transitions and Growth" gives an extensive look at the Chinese economy. Barry Naughton begins the book with a look back at the older Chinese economy, and then transitions to the time past 1949 for the rest of the book. The book gives great insight to the political, social, and economics changes that have taken place, and allowed for such rapid growth of the Chinese economy. The author focuses on such aspects as the one child policy, population growth, urban and rural area growth, and the effects that they have had on the economy at large. The book also examines fiscal policies, the financial system policies, and the economic trends that have resulted from different policies being enacted. For the conclusion, the book addresses the questions of the sustainability of China's growth, as well as the environmental quality that must be present to sustain future growth.
The content of this book was exhaustively researched, it examined both macro and micro trends in the Chinese economy in a very rigorous manner. This book helps open your eyes and see the immense growth that China has achieved in recent history, and the efforts that must be done to sustain such rapid growth. The book describes the vastness of China as a country and the immense economic power it has become. If you want an extensive look at the recent Chinese economy I highly recommend this book.