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This paper argues that both openness and poverty in a country are endogenously determined by the country’s long-term economic development strategy. Development strategies can be broadly divided into two mutually exclusive groups: (i) the comparative advantage-defying (CAD) strategy, which...
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As a result of the extraordinary performance in the past 20 years, China's status in the global economy has … dramatically changed. In this article, I reflect on China's unprecedented growth, examine the reasons for that growth, and discuss … that growth rate, China will definitely encounter many challenges – both internally and externally. The twenty …
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