Why Has China Grown So Fast For So Long?

Hardcover | November 30, 2012

byKhalid Malik

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For analysts China presents a conundrum. It is clear that China has made rapid progress, and the landscape of the world is changing due to China's unique position. Yet for decades, many have questioned this phenomenon, showing concern about cooked data, asset bubbles about to burst, and so on.Yet the Chinese economy has kept growing at a blistering pace, 9-10 per cent annually, and more at times, over a span of almost three decades. Analysing the last 30 years of reforms, this book helps us understand the Chinese growth success, the factors that made this possible, and the lessons that can be distilled from this experience for other developing countries. Arguing that traditional explanations are inadequate, the author appliesthe "development as transformation" thesis to provide answers to a wide range of questions: Why has China grown so rapidly over such a long time, and what are the country's prospects in the future? Will it keep growing? Will it in the next few decades actually overtake the US as the largest economyin the world, as some observers have been forecasting, or will it implode as the many contradictions in the economy and society grind it to a halt? This is a unique book in that it is based on years of close interaction with the Chinese leadership, institutions, and society, as well as internationalorganizations in the development community, when the author was posted in China.

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For analysts China presents a conundrum. It is clear that China has made rapid progress, and the landscape of the world is changing due to China's unique position. Yet for decades, many have questioned this phenomenon, showing concern about cooked data, asset bubbles about to burst, and so on.Yet the Chinese economy has kept growing at...

Khalid Malik is Special Adviser to UNDP Africa. He was previously posted in China as the UN Resident Coordinator and the UNDP Resident Representative.
Format:HardcoverDimensions:254 pagesPublished:November 30, 2012Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198078838

ISBN - 13:9780198078838

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Table of Contents

Introduction1. China's Progress2. A Short History of Chinese Reforms3. Why Standard Explanations are Insufficient4. Towards a Transformative Framework5. Understanding China and Its Transformation6. Prospects for the FutureIndex