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The Chinese Economy: Transitions and Growth by Barry Naughton

The Chinese Economy: Transitions and Growth Barry Naughton ebook
ISBN: 0262140950, 9781429455343
Publisher:
Format: pdf
Page: 504

But it is also due to the growing place of China in international relations, following from its economic development. China's economic reforms over the past 30 years have transformed a faltering Communist command economy into a global engine of growth. Since its departure from Communism and the liberalization of its economy, China has experienced extremely high economic growth rates, raised hundreds of millions of people out of poverty, and has become a central component of the global economy due to its high degree of integration and essential role in the supply chain (Sachs, 2005, 165-169). One of the key challenges facing China's new leaders will be how to keep the world's second largest economy on track. The medium-term growth projections for China and the United States, 5.5 and. If China is able to implement a smooth transition to the democracy (that did not occured in the USSR), i predict that china will attain the "technological frontier" somewhere near the year 2050. Mao's death in 1976 facilitated the transition that took place under Deng Xiaoping. Can China's economy keep growing despite recent slowdowns? Starting with the opening of agriculture to private incentives in the late 1970s, China has experienced faster and more prolonged economic growth than any other country. Ronald Coase on China's Transition to Capitalism · Ilya Somin • January In the new millennium, the Chinese economy has kept its growth momentum and become more integrated with the global economy. Naughton, Barry, 2007, The Chinese Economy Transitions and Growth, Boston, Massachusetts: MIT Press. In a mere three decades China has moved from a to Germany (1.28%/ year). Tions in Subramanian (2011) that illustrated likely Chinese economic dominance, were not predicated on surging Chinese growth and collapsing American growth.