This book analyzes the remarkable postwar development of East Asian economies and assesses the prospects for copying this blueprint elsewhere. Leading economists examine the key factors and policy issues involved, especially the changed emphasis from import-substitution to outward-orientation.

Labour Market Reform in China analyzes institutional changes in the Chinese labor market over the past twenty years, and offers evidence that further reform is necessary if China is to sustain its high growth rates. It investigates separately the impact of economic reform on the rural and urban labor markets and then considers their interaction. Consideration is given to employment and unemployment, wages and social security. It provides a detailed analysis of how current ownership patterns of urban enterprises hinder further labor market reform.