THE REFORM MOVEMENT IN CHINA DURING THE NORTHERN SONG DYNASTY
During 11-th century China witnessed unprecedented economic growth accompanied by radical increase of agricultural productivity, rapid industrialization, urbanization and market developement. This period is also characterized by a complex of economic, political and social reforms targeted at adjustment of state institutes to rapid social changes. The reforms did include monetization of tributary system and partial introduction of fiscal federalism, the system of centrally regulated rural credit, substitution of corvee labour and compulsory delivery of goods for state needs by specific taxes, more equitable land taxation. Later in the early 12-th century were created an integrated educational system, national health care system and social security system. These reforms do represent the first historical case of inclusive economic institutions.