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Globalisation meets its match: lessons from China’s economic transformation

Lo, Dic and Zhang, Yu (2008) 'Globalisation meets its match: lessons from China’s economic transformation.' Economic and Political Weekly, 43 (52). pp. 97-102.

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Abstract

The sustained and rapid growth of the Chinese economy in the last three decades has been in sharp contrast to the prolonged stagnation in most parts of the nonwestern world. The persistence of a mixed economic system despite market reforms further contradicts the orthodox doctrines of globalisation. This study argues that China’s economic transformation has been mainly based on productivity improvement and is thus to a significant extent a real development. It has been achieved mainly through a process of “governing the market” by a set of structural-institutional factors that are China-specific but can be of general importance for late development worldwide.

Item Type: Articles
SOAS Departments & Centres: Faculty of Law and Social Sciences > Department of Economics
Legacy Departments > Centre of Chinese Studies [closed]
ISSN: 00129976
Depositing User: Dic Lo
Date Deposited: 15 Sep 2011 13:21
URI: http://eprints.soas.ac.uk/id/eprint/12268

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