The Chinese Economy Under Communism, by Nai-Ruenn Chen and Walter Galenson : A Book Review.

by K. C. Yeh

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This book is an excellent summary and evaluation--with important original contributions to literature in the field--concerning Communist China's development policies and performance in the 16 years since the Communist takeover in 1949. It is highly recommended to intelligent laymen who seek a balanced view of economic development in Communist China. Specialists will find it stimulating both as a case study in economic development and as a useful summary of the current state of knowledge about the Chinese economy.

This report is part of the RAND Corporation paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

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