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Many transition policies, based on neoclassical economics, failed in Eastern Europe, the former Soviet Union, and China …
Persistent link: https://www.econbiz.de/10011470722
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...
Persistent link: https://www.econbiz.de/10010284522
This paper argues that the regional income gap of China is endogenously determined by its long-term economic … comparative advantages. Since the founding of the People’s Republic of China, the government has pushed a CAD strategy, i …
Persistent link: https://www.econbiz.de/10010284822
intervention policies in east developed countries. It is argued that the distorted institutional structure in China and in many … China from 1950s to 1980s to show the co-existence and coevolution of government adoption of comparative advantage defying …
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