Challenges of China;s Economic System for Economic Theory

Gregory C. Chow
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Gregory C. Chow: Princeton University

Microeconomics from EconWPA

Abstract: The challenges in the market economy in China for economic theory touch on four topics: private versus public ownership of assets, Western legal systems versus Eastern European semiformal legal systems, individualism versus the collective good, and multiparty versus one party political systems. I came in contact with these issues while advising the government of Taiwan in the 1960's and 1970's, and the government of mainland China in the 1980's and 1990's.y

Keywords: Microeconomics (search for similar items in EconPapers)
JEL-codes: L11 C81 F49 R38 (search for similar items in EconPapers)
Date: 2003-06-11
Note: Published AER Vol 87, No 2, pp 321-327
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpmi:0306002

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