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China Rising: Challenges and Opportunities

Author

Listed:
  • Manfred Bienefeld

    (Carleton University, Canada)

Abstract

It is noteworthy that China's remarkable success in economic development has occurred under a relatively statist economy, while the more liberalized economies of most other developing countries have fared far less well. This paper compares China's experience to those of other newly industrialized East Asian countries, concluding that key to successful development is an appropriate balance between the state and markets, and between politics and economics. It is argued that to be most effective, such a balance must allow the collective interests of society to be sufficiently defined and defended against competing private interests, whether these be national or international.

Suggested Citation

  • Manfred Bienefeld, 2009. "China Rising: Challenges and Opportunities," Transnational Corporations Review, Ottawa United Learning Academy, vol. 1(1), pages 4-9, March.
    • Handle: RePEc:oul:tncr09:v:1:y:2009:i:1:p:4-9
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    Citations

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    Cited by:

    1. Jingfeng Zhao & Jianmin Tang, 2015. "Industrial Structural Change and Economic Growth in China, 1987–2008," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 23(2), pages 1-21, March.
    2. Wei Wei & Jianmin Tang, 2019. "Ownership transformation, firm performance and manufacturing growth in China," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 27(2), pages 475-496, February.
    3. Zhao, Jingfeng & Tang, Jianmin, 2018. "Industrial structure change and economic growth: A China-Russia comparison," China Economic Review, Elsevier, vol. 47(C), pages 219-233.
    4. Ji, Hao & Wang, Hao & Zhong, Rui & Li, Min, 2020. "China's liberalizing stock market, crude oil, and safe-haven assets: A linkage study based on a novel multivariate wavelet-vine copula approach," Economic Modelling, Elsevier, vol. 93(C), pages 187-204.
    5. Zhao Chen & Julan Du & Hongli Yang, 2020. "Japanese‐brand auto sales in China under the shadow of oppositional sentiments," Pacific Economic Review, Wiley Blackwell, vol. 25(2), pages 272-305, May.

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