Manufacturing and Growth in China: Which Facts, Which Model and Which Problems?

Federico Frattini and Giorgio Prodi

L'industria, 2013, issue 3, 491-510

Abstract: Since 1978 industrial development has been the most important engine of the economicgrowth in China and it has been mainly powered by a process of fast capital accumulation andsupported by intensive and extensive industrial policies. This paper is organised in three mainsections. Firstly, we briefly describe some evident facts in the Chinese development dynamics,focusing on trends in gdp growth, investments and savings. Secondly, we describe how industrialpolicies developed during three periods of economic reforms, stressing the internationalintegration and globalization of the whole Chinese economy, the processes of institutionalbuilding and, particularly, the State Owned Enterprises' transition to market economy. Finally,we underline some critical aspects for the future of China development related more to socialand political matters, such as further institutional learning, a market-sustainable relationshipbetween the private and public sectors, and the consumers' familiarity with the market.

Keywords: China; Growth; Industrial Policy; Reform; soes (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.rivisteweb.it/download/article/10.1430/74605 (application/pdf)
https://www.rivisteweb.it/doi/10.1430/74605 (text/html)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mul:j0hje1:doi:10.1430/74605:y:2013:i:3:p:491-510

Access Statistics for this article

L'industria is currently edited by Patrizio Bianchi

More articles in L'industria from Società editrice il Mulino
Bibliographic data for series maintained by ().