New Perspectives on China’s Economic Development – Understanding China’s Recent Growth Story

New Perspectives on China's Economic Development -- Understanding China's Recent Growth Story

Zhiwu Chen - Yale School of Management

Monday, April 17, 2006 - 4:30pm to 6:00pm
Room 202, Henry R. Luce Hall See map
34 Hillhouse Avenue
New Haven, CT 6511

China has tried a “reform and open-door” policy at least three times in the past 150 years, but the most recent one seems to have produced the best result and is still continuing. Is this recent episode really different? If it is, how does it differ from the past ones? What factors have contributed to this difference in outcome? It is also said in public discourse that China’s growth is a “miracle” because it seems to have contradicted predictions of institutional economics. We will see that this conclusion is not well grounded.