Abstract
The new Chinese road to economic development began to be built in the closing days of 1978, a little more than two years after the preservation of Mao in his tomb. By the early 1990s, the Chinese ‘model’ entered the literature as a possible exemplar not only of successful economic growth and development, but an example of socially stable systemic transformation from plan to market — Tiananmen massacre notwithstanding.
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Notes
Orville Schell, To Get Rich Is Glorious: China in the Eighties (New York: Pantheon Books, 1984), p. 83.
Janos Kornai, The Socialist System: The Political Economy of Communism (Princeton, NJ: Princeton University Press, 1992). Kornai distinguishes five coordination mechanisms: bureaucratic, market, self-governing, ethical, and family.
Niu Genying, ‘China’s Economic Reform in 1994,’ Beijing Review, January 10–16, 1994, p. 10.
Laurence Zuckerman, ‘Buying Power,’ The Wall Street Journal, China Report, December 10, 1993, p. R15.
‘When dealing with China, every statistic is suspect,’ says Patrick E. Tyler, ‘Nature and Economic Boom Devouring China’s Farmland,’ New York Times, March 27, 1994, p. 8.
Keun Lee, New East Asian Economic Development: Interacting Capitalism and Socialism (Armonk, NY: M.E. Sharpe, 1993), p. 77.
Inderjit Singh, ‘Is There Schizophrenia About the Two-Track Approach?’ Transition (World Bank), July–August 1991, pp. 3–4.
Li Bin, ‘A Guarantee for Market Development,’ Beijing Review, January 1724, 1994, p. 16.
Pamela Baldinger, ‘The Birth of Greater China,’ The China Business Review, May–June 1992, pp. 13–17.
World Bank, World Development Report 1993 (New York: Oxford University Press, 1993), p. 284.
For a sample of the upbeat mood, see William Overholt, The Rise of China: How Economic Reform is Creating a New Superpower (New York: Norton, 1993).
Marcus W. Brauchli, ‘When in Huangpu…,’ and Sarah Lubman, ‘Round and Round,’ The Wall Street Journal, December 10, 1993, p. R3.
Marcus Brauchli, ‘China’s Much-Needed Effort to Improve Productivity Will Take Economic Toll,’ The Wall Street Journal, February 16, 1994, p. A13
K.C. Yeh, ‘Macroeconomic Issues in China in the 1990s,’ China Quarterly, September 1992, pp. 501–544.
K. Holden, ‘Chaos May Rule China’s Post-Deng Future,’ Asian Wall Street Journal Weekly, February 21, 1994, p. 12.
Patrick E. Tyler, ‘Discontent Mounts in China, Shaking the Leaders,’ New York Times, April 10, 1994, p. 3.
Dorothy J. Solinger, China’s Transition from Socialism: Statist Legacies and Market Reforms, 1980–1990 (Armonk, NY: M.E. Sharpe, 1993), p. 258.
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© 1997 Hafeez Malik
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Prybyla, J.S. (1997). Is China a Model of Economic Success?. In: Malik, H. (eds) The Roles of the United States, Russia and China in the New World Order. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-25189-6_13
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DOI: https://doi.org/10.1007/978-1-349-25189-6_13
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