Book Review: Old China’s New Economy
Old China’s New Economy. T.K. Bhaumik; India: SAGE. 2009. 294 pp. ISBN: 978-81-7829-862-7
Read the review by Zhun Xu of the Department of Economics, University of Massachusetts Amherst, published in the Review of Radical Political Economics:
An accumulating amount of literature has been devoted to the study of the Chinese economy since its take-off in the early 1980s, but few studies of recent developments are situated in a historical and institutional context. Old China’s New Economy is one of those books that incorporates
a historical view of Chinese development. The author gives a glimpse of Chinese history before 1978, discusses the political economy of the transition of China to a market economy, and outlines the major achievements and challenges so far. The book aims to evaluate market reforms in China and provide a comprehensive understanding of the dramatic transition.
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