Why Has China Succeeded—And Why It Will Continue To Do So (1)外文电子书籍.pdfVIP

Working Paper No. 611 Why Has China Succeeded—And Why It Will Continue To Do So by Jesus Felipe Utsav Kumar Norio Usui Arnelyn Abdon Asian Development Bank, Manila, Philippines* August 2010 * This paper represents the views of the authors and not those of the Asian Development Bank, its executive directors, or the member countries they represent. We are grateful to Justin Lin and Ha-Joon Chang for their very useful comments; the usual disclaimer applies. Contacts: jfelipe@ (corresponding author); ukumar.consultant@; nusui@; aabdon.consultant@. The Levy Economics Institute Working Paper Collection presents research in progress by Levy Institute scholars and conference participants. The purpose of the series is to disseminate ideas to and elicit comments from academics and professionals. Levy Economics Institute of Bard College, founded in 1986, is a nonprofit, nonpartisan, independently funded research organization devoted to public service. Through scholarship and economic research it generates viable, effective public policy responses to important economic problems that profoundly affect the quality of life in the United States and abroad. Levy Economics Institute P.O. Box 5000 Annandale-on-Hudson, NY 12504-5000 Copyright © Levy Economics Institute 2010 All rights reserved ABSTRACT The key factor underlying China’s fast development during the last 50 years is its ability to