Economic Reform in China: The Ensuing Phase

Piya Mahtaney

Chapter 11 in India, China and Globalization, 2007, pp 116-130 from Palgrave Macmillan

Abstract: Abstract If economic liberalization in China was the only constituent of reforms, the challenges that currently confront the nation would have been much fewer. China’s precedent economic experience, a subject that has been discussed in the last few chapters, demonstrates that inducting China onto a path that would take it towards liberalism was not simply a matter of easing curbs on investment and trade. It also entailed a wide gamut of steps that included decentralization, marketization and ownership diversification. In the absence of a broader understanding of the underpinnings and measures that would be required for an effective strategy of economic liberalization, it is improbable that China would have a macroeconomic environment that has enabled it to emerge as a leading foreign investor destination.

Keywords: Total Factor Productivity; Poverty Line; Capital Accumulation; Poverty Reduction; Poverty Alleviation (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_12

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DOI: 10.1057/9780230591547_12

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