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The Making of an Economic Superpower China's economic growth has transformed the country from one of the poorest in the world to its second largest economy. Understanding the drivers of growth remains elusive as the country is affected by both its transition from central planning and the challenges of a developing country. This book examines the main themes of growth, offering micro level evidence to shed light on the macro drivers of the economy. It also focuses on law and informal institutions of the economy to highlight the importance of entrepreneurship and the development of the private sector. Special Features An engaging look at the drivers of China's impressive development and rise as a potential economic superpower. Explains China's unique position as both a transition and a developing economy. Highlights the importance of entrepreneurship and the development of the private sector and shows that the structure of the economy is as important as the standard growth factors. Examines China as a large, open economy that affects the global terms of trade and studies the role of capital accumulation, human capital, education, and technology. About the Author Linda Yueh is a fellow in economics at Oxford University, Adjunct Professor of economics at the London Business School, and an economics broadcast commentator. She directs the China Growth Centre at St Edmund Hall, University of Oxford, is an associate at the Centre for Economic Performance and the IDEAS research centre at the London School of Economics, and a fellow of the Royal Society for the Arts. Dr Yueh's recent books include Enterprising China: Business, Economic, and Legal Development Since 1979, Macroeconomics (co-authored with Graeme Chamberlin) which is a recommended textbook of the UK Government Economic Service, The Economy of China, Globalisation and Economic Growth in China (co-edited with Yang Yao), The Law and Economics of Globalisation, and The Future of Asian Trade and Growth. Dr Yueh has been an advisor to, among others, the World Economic Forum in Davos, Asian Development Bank, Economist Intelligence Unit, World Bank, and the European Commission.