China's Pathways to Prosperity

£109.50

China's Pathways to Prosperity

Abductive Reflections on Reforms and Opening-Up

Politics and government Economics Development economics and emerging economies

Author: Jun Fu

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Collection: Economics and Finance

Language: English

Published by: Palgrave Macmillan

Published on: 1st March 2025

Format: LCP-protected ePub

ISBN: 9789819621965


Shifting gears between the most abstract (invisible) and the most concrete (visible) world, this book contains one unifying theoretical construct and six milestone stories to shed light on China’s pathways towards building a moderately prosperous society since 1949. Today, China’s GDP per capita is about US$ 12,000; it was only about US$ 150 in the late 1970s, that is, before the reform era. That is a very dramatic increase, lifting over 700 million people out of poverty in the process! What is unique about this book is that the six stories, when read together, systematically unfold a simple coherent logic — as well as a rich history — of economic development in the complex institutional setting of politics, economics and sociology that is uniquely Chinese. A key educational feature of the book is for the reader to learn and appreciate both the universals (or global vision) and the particulars (or local knowledge) of these stories so as to gain a deeper understanding of China’s development trajectory in a global setting in the past several decades. In other words, for China’s growth strategies to work, theories must be contextualized dynamically by local conditions. This book will be appreciated by students and educators alike.

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