Understanding the Pattern of Growth and Equity in the People’s Republic of China

Minquan Liu
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Minquan Liu: Asian Development Bank Institute

No 331, ADBI Working Papers from Asian Development Bank Institute

Abstract: There are likely to be many factors which have together shaped the current pattern of growth and equity in the People’s Republic of China (PRC). Among them are the foundations laid in the pre-1978 era, especially in respect of land-related institutional reforms and social sector investments. These factors successfully complemented the subsequent export and foreign direct investment FDI promotion strategies the PRC followed in the post-1978 years. However, given the large size of the PRC, while these strategies have helped to kick-start its economic take-off, the long-run growth of the country cannot depend on it.

Keywords: prc; income distribution; prc growth patterns; foreign direct investment; human capital (search for similar items in EconPapers)
JEL-codes: F14 N35 O15 O53 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev, nep-fdg and nep-tra
Date: 2011-12-08
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