A recent wave of economic research has studied the transformation of China from a poor country in the 1970s to a middle-income economy today. Based on this literature, we discuss the factors driving China's development process. We provide a historical account of China's rise, fall, and resurgence. We then discuss the stylized facts associated with China's growth process and review a comprehensive theory of its economic transition. Finally, we discuss China's future. In particular, we review some recent studies about technological and politico-economic factors that may foster or hinder its future economic performance.
机构:
E China Normal Univ, Ctr Modern Chinese City Studies, Shanghai 200062, Peoples R China
Univ Utah, Dept Geog, Salt Lake City, UT USA
Univ Utah, Inst Publ & Int Affairs, Salt Lake City, UT USAE China Normal Univ, Ctr Modern Chinese City Studies, Shanghai 200062, Peoples R China
Wei, Y. H. Dennis
Ye, Xinyue
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机构:
San Diego State Univ, Joint Doctoral Program Geog, San Diego, CA 92115 USA
Univ Calif Santa Barbara, San Diego, CA 92115 USAE China Normal Univ, Ctr Modern Chinese City Studies, Shanghai 200062, Peoples R China