As induced institutional innovation with Chinese characteristics, specialized markets provide a shared and low-cost transaction platform for rural as well as small and medium-sized enterprises. China's Specialized Markets is the first comprehensive discussion on the titular subject. The authors use economies of scale, division of labor, specialization economies, and new historical institutional analysis (HIA) to examine the factors driving the rise of specialized markets in different areas of China and to reveal the internal mechanism behind the expansion and evolution of these markets. By using theories of transaction cost, public choice, and so on, they also explore the internal governance and operational mechanism of specialized markets as well as their interactions with industrial clusters and local governments.KEY FEATURES- Written by a group of prominent Chinese economists, the series represents a concerted effort bynative scholars to analyze the 'Chinese Miracle' as well as predict its future development.- Each volume examines different aspects of the reform, such as structural reform, entrepreneurship, local governments, specialized markets, innovation and globalization.- Contains numerous graphs and tables.This title is part of China's Reform Studies Series that include:1. China's Specialized Markets2. Development of China in Modern World System3. Economic Growth and Structural Evolution4. Economic Reform and Institutional Innovation5. Incentives and Governance: China's Local Governments6. The Micro-foundation of China's Market Economy7. Toward an Innovative Nation8. Transformation of the Chinese Enterprises China's Reform Studies SeriesISBN 13: 9789000011216 (set)ISBN 10: 9000011213 (set)List Price: U$1,200.00

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