China’s Development Model
China’s Development Model
A New Strategy for Globalization
This chapter evaluates the evidence presented to distinguish overall sectoral patterns, specific sector and subsector cases, and development over time. In doing so, it assesses China's new development model based on actual economic outcomes and political change. It argues that China's bifurcated strategy in response to economic globalization signifies a distinctive national model of sectoral integration into the international economy. This distinctive model of economic integration questions conventional wisdom on the impact of liberalization on state strength, capacity, and autonomy in the developing world. The Chinese government's perception of the strategic value of industrial sectors has driven the bifurcated nature of its international integration. But sectoral attributes also shape the actual details of regulatory reform.
Keywords: China, state control, regulation, development model, economic policy, economic integration, liberalization, regulatory reform
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