Making of an Economic Superpower, The: Unlocking China's Secret of Rapid Industrialization Hardcover - 2016
by Yi Wen
From the jacket flap
The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China's rise. This book argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the determined rise of China is unstoppable despite its current "backward" financial system and political institutions. Conversely, China's spectacular and rapid transformation from an impoverished agrarian society to a formidable industrial superpower sheds considerable light on the fundamental shortcomings of the institutional theory and mainstream "blackboard" economic models, and provides more-accurate reevaluations of historical episodes such as Africa's enduring poverty trap despite radical political and economic reforms, Latin America's lost decades and frequent debt crises, 19th century Europe's great escape from the Malthusian trap, and the Industrial Revolution itself.
Details
- Title Making of an Economic Superpower, The: Unlocking China's Secret of Rapid Industrialization
- Author Yi Wen
- Binding Hardcover
- Edition Hardback
- Pages 336
- Volumes 1
- Language ENG
- Publisher World Scientific Publishing Company
- Date 2016-06-03
- ISBN 9789814733724 / 9814733725
- Weight 1.35 lbs (0.61 kg)
- Dimensions 9.1 x 6.1 x 1 in (23.11 x 15.49 x 2.54 cm)
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