Abstract
China’s economic resonance is an amazing story; some would describe as it as a stupendous saga of transformation of a developing country that had more than a few odds stacked against her to one of the most important nations in the global economy. Illustratively speaking, China’s impressive economic performance was the result of a unique blend of rather disparate elements, such as communism, a market-based economy, foreign investment, capital controls, liberalism and political conservatism, that that worked well enough to result in an impressive economic performance for over a decade. Managing the coexistence of all these apparently mutually exclusive features was a balancing act that was not easy. However, it demonstrated that it is the context and circumstance prevalent in any nation that should determine its policies and strategies of growth.
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Bibliography
Li, Minqui (2003) The Rise of China and the Demise of the Capitalist World Economy. Exploring the Historical Possibilities in the 21st Century, November.
Organisation for Economic Co-operation and Development (2002) ‘China in the World Economy’, Synthesis Report, Paris.
Virmani, Arvind (2005) China’s Socialist Market Economy: Lessons of Success, Indian Council For Research on International Economic Relations, New Delhi, December.
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© 2007 Piya Mahtaney
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Mahtaney, P. (2007). China’s Economic Experience: Insights, Lessons and a Perspective. In: India, China and Globalization. Palgrave Macmillan, London. https://doi.org/10.1057/9780230591547_15
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DOI: https://doi.org/10.1057/9780230591547_15
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-35272-2
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