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China’s Economic Experience: Insights, Lessons and a Perspective

In: India, China and Globalization

Author

Listed:
  • Piya Mahtaney

Abstract

China’s economic resonance is an amazing story; some would describe as it as a stupendous saga of transformation of a developing country that had more than a few odds stacked against her to one of the most important nations in the global economy. Illustratively speaking, China’s impressive economic performance was the result of a unique blend of rather disparate elements, such as communism, a market-based economy, foreign investment, capital controls, liberalism and political conservatism, that that worked well enough to result in an impressive economic performance for over a decade. Managing the coexistence of all these apparently mutually exclusive features was a balancing act that was not easy. However, it demonstrated that it is the context and circumstance prevalent in any nation that should determine its policies and strategies of growth.

Suggested Citation

  • Piya Mahtaney, 2007. "China’s Economic Experience: Insights, Lessons and a Perspective," Palgrave Macmillan Books, in: India, China and Globalization, chapter 14, pages 159-169, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-59154-7_15
    DOI: 10.1057/9780230591547_15
    as

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