The Chinese Economy Second Edition Naughton Barry by Naughton, Barry 9780262534796, 0262534797 instant download after payment.

For the past 35 years, China has been the best-performing economy in the world.
China’s gross domestic product (GDP) has grown faster for longer than that of any
other economy in history. Furthermore, the Chinese economy is now huge, compa-
rable in size and global impact only to that of the United States. China is now a driver
of the world economy, in part because it has benefited enormously from the wave of
globalization that has washed over the world in the past three decades.
How has China achieved this extraordinary economic success? China is not an
obvious candidate for prosperity, in the way that the United States and other “lucky
countries” are. China has faced development problems that today’s rich countries
never had to face. Bringing its massive population out of poverty required China to
overcome daunting geographic and resource limitations. China entered its rapid
growth period far behind technologically and without the institutional framework
and rule of law that rich countries had developed over centuries to support their
sophisticated market economies. Yet China dismantled the socialist “command”
system, created a dynamic market economy, and vaulted into the ranks of upper-
middle-income economies....