Russia and China facing the ‘Great Wall’: how to succeed in the second structural transition

Jan Winiecki

Post-Communist Economies, 2012, vol. 24, issue 3, 309-325

Abstract: This article looks at the prospects of two emerging economic powers, Russia and China, to become major players in the world economy. The main economic thesis formulated by the author is that economies not only grow, but also undergo structural change. And to successfully accomplish second structural change -- from the industry-driven to human capital-intensive services driven economy -- it is not enough to increase economic freedom. Civic and even political freedom must emerge or increase to stand a chance to pass the ‘Great Wall’. Russia and China are, then, analyzed from the foregoing perspective. Additionally, many structural and economic policy distortions are pointed at in the case of both countries. Moreover, in the case of Russia, it is stressed that it is not so much an emerging power, but the failed superpower of the past.

Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/14631377.2012.705467 (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:taf:pocoec:v:24:y:2012:i:3:p:309-325

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CPCE20

DOI: 10.1080/14631377.2012.705467

Access Statistics for this article

Post-Communist Economies is currently edited by Roger Clarke

More articles in Post-Communist Economies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().