 EpilogueKen Moak and Miles W. N. Lee A chapter in China’s Economic Rise and Its Global Impact, 2015, pp 185-187 from Palgrave Macmillan Abstract: Abstract Though critics may disagree with or question the methods the Chinese government adopted to develop its economy, they have benefited not only China but many other countries as well. The four “isms” discerned in this book, coupled with the leaders’ capacity, resilience, and quick response to issues, are largely, if not entirely, responsible for China’s economic “miracle” and will possibly sustain its rise. The willingness to experiment with new economic models and theories has been instrumental in transforming the economy from centrally planned to market based. Pragmatism not only has prevented the economy from falling into the brink but is responsible for China’s practical policies. Gradualism has avoided costly or irreparable mistakes or damages. Authoritarianism has made policy development, implementation, and management efficient and timely. On top of these is China’s meritocratic government led by capable and resilient leaders making timely remedial policies to address economic issues and policy management mistakes. Keywords: Chinese Government; Ming Dynasty; Nominal Exchange Rate; Realistic Policy; Poor Economic Performance (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-53558-0_10 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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