There have been many important intellectual debates in recent years. This issue of >i>The Chinese Economy>/i> takes up two of these. The first article looks carefully at the macroeconomic data regarding Chinese economic performance and argues that the government has overshot the mark twice, first by holding to a tight monetary policy long after its negative effects outweighed its positive effects, and second by reversing course so strongly in 1998 that the negative effects of >i>that>/i> policy will outweigh the positive effects. The second article contributes to an ongoing debate about the nature of modernity and globalization. Although appearing at first glance abstract and theoretical, this issue is central to the divisions among intellectuals in contemporary China.
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Volume (Year): 32 (1999)
Issue (Month): 6 (November)
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