The Economic DNA of Nations
Few countries have experienced an economic Make transformation as dramatic as China's. In nineteen seventy eight, the country was overwhelmingly rural, poor and isolated. Today, it is the world's second largest economy, a global manufacturing hub, and a rising technological power. Over eight hundred million people have been lifted out of poverty in the process. To analyse China, I use two theoretical lenses. First, Gerschenkron s idea of late industrialisation helps explain why the state plays such a big role in accelerating catch up. Second, Danny Roderick's political trilemma helps us see why China chose deep global integration while preserving political control, a choice with big consequences.
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