On the Development Strategy of an Externally Oriented Economy

Justin Lin ()

Chinese Economy, 1992, vol. 25, issue 3, 53-66

Abstract: The concept of an externally oriented economy came up last year during preliminary discussions on the orientation of development of the four special economic zones, including Shenzhen, but the idea that the coastal areas should develop externally oriented economies as their development strategy is even more recent than that. Implementation of this strategy means a major "switching of tracks" for the Chinese economy necessitating reallocation of resources and adjustments in economic deployment, the purpose of which is to put China onto the world economic orbit. It is, therefore, a matter of far-reaching significance to the country's economic development now and in the future.

Date: 1992
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