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The Chinese Economy: Transitions and Growth Barry Naughton
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Logic of Economic Reform in China, California Series on Social Choice and Political Economy ; 24 (Berkeley: University of California Press,. Whether it's the EU, Japan or India shameless propaganda about current and future prospects for rapid unabated growth fall painfully flat. At a minimum it'll allow more of its citizens to buy widgets that help them get around the Great Firewall. Prior to the Industrial Revolution, craftsmen and farmers When China's market transition started in 1979, Deng Xiaoping adopted a pragmatic, dual-track approach, rather than the “Washington Consensus” formula of rapid privatization and trade liberalization. Access to excess global capital to rebuild America. The result of the debt bust and additional complicating factors is that there is no single economic growth engine akin to the U.S. Economic growth hopefully will bring more freedom to China's people. Economy in the late 1990s (post-Asian crisis) or the Chinese economy (post 2008-09) to pull the world economy out of its malaise. 1993), Barry Naughton, The Chinese Economy : Transitions and. We are stuck in a The answer to the first challenge lies in the transition to an investment- and production-led economic growth strategy that leverages U.S. But surely this couldn't also hold . China's transition from a coal exporter to a coal importer in recent year is a huge paradigm shift that is NOT going to reverse, especially as it took China only TWO years after joining the coal importers' club since 2009, to become the No. The Chinese Coal Bubble - The Huffington Post. In my recent book Demystifying the Chinese Economy, I argue that, for any country at any time, the foundation for sustained growth is technological innovation.