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China in the Global Economy. Failure and Success

Gunnarsson, Christer LU and Ljungberg, Jonas LU (2008) In Thammasat Economic Journal 26(4).
Abstract
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.
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author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Economic growth, China
in
Thammasat Economic Journal
volume
26
issue
4
language
English
LU publication?
yes
id
4c8c19bb-d570-47ae-9e7a-1072ead64275 (old id 1765773)
date added to LUP
2011-01-27 12:36:19
date last changed
2016-04-16 11:40:54
@article{4c8c19bb-d570-47ae-9e7a-1072ead64275,
  abstract     = {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.},
  author       = {Gunnarsson, Christer and Ljungberg, Jonas},
  keyword      = {Economic growth,China},
  language     = {eng},
  number       = {4},
  series       = {Thammasat Economic Journal},
  title        = {China in the Global Economy. Failure and Success},
  volume       = {26},
  year         = {2008},
}