This is a concise and timely book on a hugely important topic - China in the twenty-first century. Peter Nolan argues that China faces a series of complex problems, most of which are the consequence of its rapid growth since the process of 'reform and opening up' began in the late 1970s. Among the challenges facing the leadership are issues of poverty and inequality, the global business revolution, the environment, the capability and role of the state, international relations, the Communist Party and the economy. The way in which it responds to these will determine the country's pattern of development for a long period ahead. While there are several paths open to it, Nolan argues that China has historically developed its own 'Third Way' between state and market, and that this is the only rational solution to the challenges it faces in the twenty-first century.
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"In this concise work, Peter Nolan provides a compelling andprovocative assessment of China's developmental challenge. AsNolan shows, it is not just China, but indeed the whole world, thatstands at the crossroads. New rules, new technologies and a newglobal distribution of power have all called into questiontraditional answers to the problem of underdevelopment. China, to agreater degree perhaps than any other nation, has the potential touncover a new path toward modernity. As Nolan points out, theconsequences of its doing so, breathtaking as they are, wouldeasily be dwarfed by the catastrophe of its failing to do so."Edward Steinfeld, Massachusetts Institute of Technology
"Peter Nolan has produced a bold, readable and fast-paced workwhich asks large and important questions. He begins with abrilliant sketch of post-Mao China's enormous achievements andextraordinary challenges. After presenting the path ofneo-liberalism as no solution for China, Nolan powerfully depictsthe lasting lessons of the unique and glorious successes that wereChina's in the ages before the rise of Europe. He concludes with aninnovative and insightful argument that, properly understood, theway ahead for China lies in synthesizing and building on the bestin ethical thinking and economic analysis shared by Confucius andAdam Smith. Nolan has produced a mind-expanding tour de force."Edward Friedman, University of Winsconsin
"This is an important book written in the tradition of TheWealth of Nations and The Theory of Moral Sentiments. Rare in thepolitical economy literature, it is simultaneously sweeping anddetailed, rigorous and moving." Lin Chun, Asia Research Centre,London School of Economics
"This is a very readable book, full of interesting historicalinformation on China, extensive literature refrences to works byConfucius, Marco Polo and Adam Smith (to mention but a few) andwise comments on the direction China should take at this criticaljuncture." Piiter Bottelier, Johns Hopkins University
"Peter Nolan has produced a bold, readable and fast-paced workwhich asks large and important questions. He begins with abrilliant sketch of post-Mao China's enormous achievements andextraordinary challenges. After presenting the path ofneo-liberalism as no solution for China, Nolan powerfully depictsthe lasting lessons of the unique and glorious successes that wereChina's in the ages before the rise of Europe. He concludes with aninnovative and insightful argument that, properly understood, theway ahead for China lies in synthesizing and building on the bestin ethical thinking and economic analysis shared by Confucius andAdam Smith. Nolan has produced a mind-expanding tour de force."Edward Friedman, University of Winsconsin
"This is an important book written in the tradition of TheWealth of Nations and The Theory of Moral Sentiments. Rare in thepolitical economy literature, it is simultaneously sweeping anddetailed, rigorous and moving." Lin Chun, Asia Research Centre,London School of Economics
"This is a very readable book, full of interesting historicalinformation on China, extensive literature refrences to works byConfucius, Marco Polo and Adam Smith (to mention but a few) andwise comments on the direction China should take at this criticaljuncture." Piiter Bottelier, Johns Hopkins University