Opportunities and challenges in China's economic development -- Why the scientific and industrial revolutions bypasses … China -- The great humiliation and the socialist revolution -- The comparative advantage-defying, catching-up strategy and …

Myrdal did not cover China in his Asian Drama. If he did, he would have been most likely pessimistic about China, as he … was about other Asian countries in his book. However, China has achieved miraculous growth since the transition from a … planned economy to a market economy at the end of 1978. This paper provides answers to the questions: Why was China trapped in …