China’s Economic Experience: Insights, Lessons and a Perspective

Piya Mahtaney

Chapter 14 in India, China and Globalization, 2007, pp 159-169 from Palgrave Macmillan

Abstract: 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.

Keywords: Foreign Investment; Economic Progress; Chinese Economy; Capital Control; Economic Liberalization (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59154-7_15

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DOI: 10.1057/9780230591547_15

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