China experience, comparative advantage, and the rural reconstruction experiment
Global Capitalism and the Future of Agrarian Society
Since China’s accession to the WTO in 2001, “China experience” in the Western theoretical discourse could be extracted into two points. First, China’s high growth rate, lasting over thirty years, has benefited from institutional change in the four dimensions of privatization, marketization, liberalization, and globalization that are implied with Western ideology. Second, China’s comparative advantage in attracting foreign investment can be mainly attributed to its rich labor resource. Clearly, these two assertions are shaping the world’s understanding of China in an increasing profound manner.
ISBN of the source publication: 9781612050379
Wen, T., Dong, X., Yang, S., Qiu, J., & Lau, K. C. (2012). China experience, comparative advantage, and the rural reconstruction experiment. In A. Dirlik, R. Prazniak, & A. Woodside (Eds.), Global Capitalism and the Future of Agrarian Society (pp.77-89). Boulder: Paradigm Publishers.