Jinhua Cheng is Distinguished Professor of Law at Shanghai Jiao Tong University KoGuan School of Law and Executive Director of the Law and Society Center. His research focuses on comparative central-local relations, empirical legal studies, law and financial development, lawyers and society. Professor Cheng received his Bachelor of Laws from East China University of Political Science & Law in 1998, Master of Laws from Peking University in 2001, M.Phil. in Social Science from Hong Kong University of Science & Technology in 2005, and L.L.M., and J.S.D. from Yale University in 2007 and 2011 respectively.

• 1. Introduction.- 2. Decentralization for Economic Growth: A Critical Review.- 3. Dual Intergovernmental Transformation for Market Development.- 4. Federalism and the Rise of the Corporate Economy in the Nineteenth-Century United States.- 5. Central-Local Relations and the Rise of the Corporate Economy in Contemporary China.- 6. DITMD Versus MPF: Conclusion and Implications.

Jinhua Cheng is Distinguished Professor of Law at Shanghai Jiao Tong University KoGuan School of Law and Executive Director of the Law and Society Center. His research focuses on comparative central-local relations, empirical legal studies, law and financial development, lawyers and society. Professor Cheng received his Bachelor of Laws from East China University of Political Science & Law in 1998, Master of Laws from Peking University in 2001, M.Phil. in Social Science from Hong Kong University of Science & Technology in 2005, and L.L.M., and J.S.D. from Yale University in 2007 and 2011 respectively.

• 1. Introduction.- 2. Decentralization for Economic Growth: A Critical Review.- 3. Dual Intergovernmental Transformation for Market Development.- 4. Federalism and the Rise of the Corporate Economy in the Nineteenth-Century United States.- 5. Central-Local Relations and the Rise of the Corporate Economy in Contemporary China.- 6. DITMD Versus MPF: Conclusion and Implications.

Jinhua Cheng is Distinguished Professor of Law at Shanghai Jiao Tong University KoGuan School of Law and Executive Director of the Law and Society Center. His research focuses on comparative central-local relations, empirical legal studies, law and financial development, lawyers and society. Professor Cheng received his Bachelor of Laws from East China University of Political Science & Law in 1998, Master of Laws from Peking University in 2001, M.Phil. in Social Science from Hong Kong University of Science & Technology in 2005, and L.L.M., and J.S.D. from Yale University in 2007 and 2011 respectively.

• 1. Introduction.- 2. Decentralization for Economic Growth: A Critical Review.- 3. Dual Intergovernmental Transformation for Market Development.- 4. Federalism and the Rise of the Corporate Economy in the Nineteenth-Century United States.- 5. Central-Local Relations and the Rise of the Corporate Economy in Contemporary China.- 6. DITMD Versus MPF: Conclusion and Implications.