‘Catch-up’ Capabilities Compared
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The limited discussion of the comparative performance of China and the USSR under reform1 has mostly assumed that the reason for the dramatic contrast in outcome can be explained mainly by the radically different starting points, with large differences in their respective capacities for ‘catching up, forging ahead and falling behind’, to use the terminology of Abramowitz (1986). The role of policy choice in politics and economics is given low explanatory weight.
KeywordsForeign Direct Investment Capital Stock Foreign Investment Cultural Revolution Farm Sector
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