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In June 2008, Justin Yifu Lin was appointed Chief Economist of the World Bank, right before the eruption of the worst global financial and economic crisis since the Great Depression. Drawing on experience from his privileged position, Lin offers unique reflections on the cause of the crisis, why...
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process, and investigate the underlying reasons behind China's success in trade expansion and economic growth. From its …, selective adaptation, and industrial upgrading. This paper attempts to distill lessons from China's reform and opening up … beginnings with home-grown and second-best institutions, China has embarked on a long journey of reform, experimentation, and …
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