fundamental mechanisms behind China's rapid industrialization. This article reviews the New Stage Theory of economic development … Xiaoping in 1978: namely, small-scale commercialized agricultural production, proto-industrialization in the countryside, a …'s economic rise is that the extent of industrialization is limited by the extent of the market. One of the key strategies behind …

American countries: Brazil, Chile and Mexico, studying a small open economy in the context of an endogenous growth model where … capital at a considerably lower rate than at present. Consumption should be heavily taxed in Brazil and Mexico and optimal …