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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 …
Persistent link: https://www.econbiz.de/10011539803
developed western world by going through three developmental stages sequentially; namely, a proto-industrialization in the rural …, economies stuck in the low-income trap or middle-income trap did not follow the above sequential stages of industrialization …. For example, many Eastern European and Latin American countries after WWII jumped to the stage of heavy industrialization …
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During the last few years and because of the low oil prices in particular, the increasing awareness of the unsustainability of subsidized systems led several MENA countries to take steps to lower subsidies, which have been part of the social contract for decades, especially as far as the energy...
Persistent link: https://www.econbiz.de/10011599292
The single market is the European Union's most powerful economic asset, yet persistent barriers continue to undermine its potential. We argue that realising that potential requires a dual strategy: strengthening compliance with existing rules and advancing targeted harmonisation where regulatory...
Persistent link: https://www.econbiz.de/10015426668
We use nearly a decade's worth of panel data from European Union Chamber of Commerce in China business confidence surveys to analyse the deteriorating outlooks of EU firms in China from 2017 to 2025. All firms in China currently face challenges including slow profit growth and deflation. These...
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As the Chinese economy continues to decelerate, the central government is investing heavily in innovation, doubling down on research and development (R&D) spending and STEM-oriented human capital. In this paper, we assess China's progress so far, looking at the inputs to innovation (R&D and...
Persistent link: https://www.econbiz.de/10014316223