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China in the Global Economy. Failure and Success

In English

Författare

Summary, in English

China’s present economic performance is frequently attributed to market reforms that have opened up the economy to foreign trade and investments. In this article we suggest that a historical comparative approach may cast new light on China’s present success. In imperial China the power of the mandarinate put limits on equality of opportunity and development of human capital, factors crucial for modern economic growth. Reforms and structural change in agriculture and expansion of primary and secondary education during the planning system paved the way for a subsequent market-led economic growth by providing the social capability for China’s economic catch-up.

Publiceringsår

2008

Språk

Engelska

Publikation/Tidskrift/Serie

Thammasat Economic Journal

Volym

26

Issue

4

Dokumenttyp

Artikel i tidskrift

Ämne

  • Economic History

Nyckelord

  • Economic growth
  • China

Status

Published