The Cambridge University Press recently published Economic Development and Transition: Thought, Strategy, and Viability by Justin Yifu Lin, Senior Vice President and chief economist at the World Bank. Before he moved to the World Bank headquarters in Washington, D.C., Lin founded the China Center for Economic Research at Peking University in 1994, which is now known as the National School of Development, and has played an important role in educating a new generation of graduate students and advising.top officials. A book review by James A. Dora, Vice President for Academic Affairs and a China specialist at the Cato Institute in Washington, D.C.,follows: