Demystifying the Chinese Miracle: The Rise and Future of Relational Capitalism

The book attempts to explain Chinas 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 Chinas economic miracle in light of the theory introduced.

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.