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China Rising: Challenges and Opportunities

Author

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  • 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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    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.

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