China in the Global Economy. Failure and Success
(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.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/1765773
- author
- Gunnarsson, Christer LU and Ljungberg, Jonas LU
- organization
- publishing date
- 2008
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- Economic growth, China
- in
- Thammasat Economic Journal
- volume
- 26
- issue
- 4
- DOI
- 10.14456/tej.2008.20
- language
- English
- LU publication?
- yes
- id
- 4c8c19bb-d570-47ae-9e7a-1072ead64275 (old id 1765773)
- date added to LUP
- 2016-04-04 13:47:26
- date last changed
- 2023-10-31 10:45:13
@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}}, keywords = {{Economic growth; China}}, language = {{eng}}, number = {{4}}, series = {{Thammasat Economic Journal}}, title = {{China in the Global Economy. Failure and Success}}, url = {{https://lup.lub.lu.se/search/files/6205669/1770742}}, doi = {{10.14456/tej.2008.20}}, volume = {{26}}, year = {{2008}}, }