Cathleen Cimino-Isaacs, research associate, has been with the Peterson Institute since August 2012. She works with senior fellows Gary Clyde Hufbauer and Jeffrey J. Schott on economic issues relating to international trade policy, free trade agreement negotiations, and the future of the World Trade Organization. She is coauthor of Local Content Requirements: A Global Problem (2013) and assisted with Economic Normalization with Cuba: A Roadmap for US Policymakers (2014).

Jeffrey J. Schott joined the Peterson Institute for International Economics in 1983 and is a senior fellow working on international trade policy and economic sanctions. During his tenure at the Institute, Schott was also a visiting lecturer at Princeton University (1994) and an adjunct professor at Georgetown University (1986–88). He was a senior associate at the Carnegie Endowment for International Peace (1982–83) and an official of the US Treasury Department (1974–82) in international trade and energy policy. During the Tokyo Round of multilateral trade negotiations, he was a member of the US delegation that negotiated the GATT Subsidies Code. Since January 2003, he has been a member of the Trade and Environment Policy Advisory Committee of the US government. He is also a member of the State Department's Advisory Committee on International Economic Policy.

Preface
Acknowledgments
Introduction
1. State versus Market Capitalism
2. Reform of State-Owned Enterprises
3. Rise of the Private Sector
4. Implementing the Reform Agenda
Appendix A Alternative Measures of Private Sector Credit
Appendix B State versus Private Borrowing Costs
References
Index