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Chinese postsocialist transformation: economic opening and external constraint

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Author Info
El Karouni, Ilyess
Charles, Sébastien

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Abstract

This article is an attempt to show that China's post-socialist transformation involved a change in its growth regime. Indeed, during the Maoist era, it took the form of a "forced growth" as theorized by Kornai (1972). In addition, "export aversion" was one of the main characteristics of Chinese external economic relations. Today, it is not the case anymore since China follows an export-led growth strategy. Nevertheless, this situation could be particularly difficult to manage with respect to its dependence on external demand in a context of low domestic-demand.

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File URL: http://mpra.ub.uni-muenchen.de/3102/
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 3102.

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Date of creation: 2007
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Handle: RePEc:pra:mprapa:3102

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Related research
Keywords: Changement institutionnel transformation postsocialiste Chine export-led growth

Find related papers by JEL classification:
F19 - International Economics - - Trade - - - Other
B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Institutional; Evolutionary
P33 - Economic Systems - - Socialist Institutions and Their Transitions - - - International Linkages

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  1. Janos Kornai, 2000. "What the Change of System from Socialism to Capitalism Does and Does Not Mean," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 27-42, Winter. [Downloadable!] (restricted)
  2. Kornai, Janos, 1986. "The Soft Budget Constraint," Kyklos, Blackwell Publishing, vol. 39(1), pages 3-30.
  3. Kornai, J, 1979. "Resource-Constrained versus Demand-Constrained Systems," Econometrica, Econometric Society, vol. 47(4), pages 801-19, July. [Downloadable!] (restricted)
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