Is China Really an ‘East Asian success story’?
State-controlled investment in China provides poor financial returns, explains John Lee
When the Nobel Prize-winning economist Kenneth Arrow was asked which countries had the best managed economies for a 2004 Wall Street Journal article, he nominated China, Taiwan and South Korea.(1) Arrow’s point of view is consistent with the widely shared belief that China is the latest successful instalment of the ‘East Asian model’ of authoritarian development (the ‘model’). As David Dollar, the head of the China desk for the World Bank, consistently argues, China is pragmatically replicating many elements of the model. According to Dollar, China’s approach ‘is not that different from what other successful East Asian countries have done before ...
2 comments:
China's Latest Tibet
http://www.foreignpolicy.com/articles/2009/07/06/chinas_latest_tibet
China's Ring of Power
http://www.foreignpolicy.com/articles/2009/09/09/going_green
India's Rising Tide
The rural poor fare better than in China.
http://online.wsj.com/article/SB124647192463381625.html
Articles & Publications by John Lee
09/09/2009China's Ring of Power
08/26/2009Beijing Must Work to Rebuild Its Reputation
08/19/2009Region Doesn't Need the PM's Architecture
08/19/2009Why the U.S. Will Lead the ‘Asian Century’
07/28/2009An Insider's Guide to Washington's China War
07/22/2009Getting Asia's Approval for an Indo-U.S. Partnership
07/17/2009China Not Ready to Lead the World
07/14/2009China's One Hundred Years of Ineptitude
07/13/2009China's Stumbling Future
07/06/2009China's Latest Tibet
07/04/2009China's Empty Land Reform
07/01/2009India's Rising Tide
Je Čína skutečným tygrem?
http://www.revuepolitika.cz/clanky/1169/je-cina-skutecnym-tygrem
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