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Critical review of Yasheng Huang's

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  • Long H. Vo

    (Quy Nhon University)

Abstract

The unprecedented economic growth enjoyed by the People's Republic of China over the last few decades has attracted the attention of academics and policy-makers all over the world. The developing countries are not an exception and, in fact, many in Asia, Africa and Latin America may see the China model as an example of new development formula more effective than free markets. However, MIT professor Yasheng Huang pointed out that these countries, as well as China itself, should reconsider their future decision. His paper examining the nature of China model with regards to the principles of the Beijing Consensus, though could be improved upon, is a very intuitive work that provides valuable foundation to understand the truth from the facts. His ultimate message is that the China's growth path was actually remarkably conventional: one based on private ownership and ideas of free-market finance.

Suggested Citation

  • Long H. Vo, 2016. "Critical review of Yasheng Huang's," Journal of Finance and Economics Research, Geist Science, Iqra University, Faculty of Business Administration, vol. 1(1), pages 15-22, March.
    • Handle: RePEc:gei:jnlfer:v:1:y:2016:i:1:p:15-22
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    References listed on IDEAS

    as
    1. Gérard Roland, 2004. "Transition and Economics: Politics, Markets, and Firms," MIT Press Books, The MIT Press, edition 1, volume 1, number 026268148x, April.
    2. Lawrence J. Lau & Yingyi Qian & Gerard Roland, 2000. "Reform without Losers: An Interpretation of China's Dual-Track Approach to Transition," Journal of Political Economy, University of Chicago Press, vol. 108(1), pages 120-143, February.
    3. Dani Rodrik, 2006. "Goodbye Washington Consensus, Hello Washington Confusion? A Review of the World Bank's Economic Growth in the 1990s: Learning from a Decade of Reform," Journal of Economic Literature, American Economic Association, vol. 44(4), pages 973-987, December.
    4. Huang,Yasheng, 2008. "Capitalism with Chinese Characteristics," Cambridge Books, Cambridge University Press, number 9780521898102, September.
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