Abstract
The People’s Republic of China is one of most successful developing countries in recent decades.1 However, it is not a showcase for policies recommended by mainstream neoclassical thinking and international institutions, especially the International Monetary Fund (IMF). China did not follow the policies of the so-called Washington Consensus.2 Showcases for such policies, from Argentina to Mongolia, did not perform very well. Often China is considered as a very special case not transferable to other countries. This is not true; other developing countries can learn from China.
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© 2008 Hansjörg Herr
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Herr, H. (2008). Capital Controls and Economic Development in China. In: Arestis, P., de Paula, L.F. (eds) Financial Liberalization and Economic Performance in Emerging Countries. Palgrave Macmillan, London. https://doi.org/10.1057/9780230227743_7
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DOI: https://doi.org/10.1057/9780230227743_7
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