Title

China experience, comparative advantage, and the rural reconstruction experiment

Document Type

Book chapter

Source Publication

Global Capitalism and the Future of Agrarian Society

Publication Date

2012

First Page

77

Last Page

89

Publisher

Paradigm Publishers

Abstract

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.

Additional Information

ISBN of the source publication: 9781612050379

Recommended Citation

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.

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