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Web Resource
China’s rise fits every development model
2019
Overview
[...]as I outline in this blog, China fits the development orthodoxy rather well. During the last decade, China has doubled down on a public-investment-led growth strategy, while investments in human capital have lagged particularly in the non-coastal and rural areas (Figure 2). [...]some of China’s specific institutional solutions-such as the substantially larger role played by state-owned enterprises, particularly in finance and services, or the highly decentralized and competitive system of inter-governmental relations-may hinder growth more than help going forward.
Publisher
The Brookings Institution
Subject
