Tuesday, June 13, 2017
PLAYING THREE SIDES ECONOMISTS' ACCOUNTS OF THE RISE OF CHINA SINCE 1980
Why not give another account, a darker account, perhaps the real account, of the sudden and otherwise inexplicable rise of industrial China, since say 1980...
It has to do with the dark side of Japanese economic development throughout Asia, and the concomitant hollowing out of the West.
This sudden economic miracle, PUFF THE MAGIC DRAGON, has been described, by Thurow and others, as having been founded somehow on brilliant Chinese agrarian reforms and suddenly boosted agrarian productivity which then allowed a take off of industrialization through a sudden influx of freed up rural labor into Chinese cities..... that is the liberal economists' story, it seems. I haven't studied it closely, but that is what Thurow has said in a lecture I watched.
So, what do you think the true story might look like?
Think about it.
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