The Policy and Political Implications for the Developing World of China's Global Hybrid Model of Development
Year: 2009
Type: preprint
Abstract: Under globalization, China's economy has developed rapidly, but China has neither the well functioning markets prescribed by the neoliberal economists (Huang 2003; Steinfeld 1998; Lardy 1998; OECD 2002) nor the effective state policymaking apparatus and state-societal developmental alliances prescribed by revisionist political economists (Perkins 2001; Moore 2002; Gilboy 2002; Yi-min Lin 2001). Adding to this apparent paradox, China's development has not simply been quantitative, a mere leap in the size of the GDP. It has also featured qualitative improvements in China's technological skills and knowledge base (Fuller and Thun 2006; Sigurdson 2002) that discount a mere input-driven explanation for China's growth. If not the spread of markets nor state industrial policy, what accounts for China's development under globalization?
Source: SSRN Electronic Journal
Author: Douglas B. Fuller
Institution: King's College London
Language: English
Field: Social Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1523147072