Felipe, Jesus; Kumar, Utsav; Usui, Norio; Abdon, Arnelyn - 2010
The key factor underlying China’s fast development during the last 50 years is its ability to master and accumulate new … accumulation was policy induced and not the result of the market, and began before 1979. Despite its many policy mistakes, if China … had not proceeded this way, in all likelihood it would be a much poorer country today. During the last 50 years, China has …
