How Reform Worked in China

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The book presents a unique perspective on China's economic reforms by exploring the interplay between universal economic principles and the country's specific implementations. Yingyi Qian critiques the dominant schools of thought, highlighting the importance of practical approaches over theoretical ideals. He emphasizes that understanding how reforms were executed is crucial for practitioners, suggesting that effective economic reform relies on feasible solutions rather than purely theoretical models. This analysis provides insights into the complexities of transitioning from a centrally planned economy to a market-oriented one.