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Demystifying the Chinese Miracle
The book attempts to explain China's phenomenal economic miracle and to predict its future through a theoretical framework which accounts for the dynamic relationship between economic development and institutions. It unravels China's economic miracle in light of the theory introduced. _x005F_x000D_
The book presents the theory of interlinked relational contract, the workhorse model of the book. The theory highlights that effective governance is a function of market extent and market completeness.
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