, selective adaptation, and industrial upgrading. This paper attempts to distill lessons from China's reform and opening up … process, and investigate the underlying reasons behind China's success in trade expansion and economic growth. From its … beginnings with home-grown and second-best institutions, China has embarked on a long journey of reform, experimentation, and …

emerging market countries such as China, India and Brazil are also engaged in industrial upgrading but with a critical … difference. In particular, because of its sheer size, China has absorbed nearly all labor-intensive jobs and become the world …?s largest exporter of labor-intensive products. The current view is that China?s dominance hinders poor countries from …