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The Oxford Companion to the Economics of China$
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Shenggen Fan, Ravi Kanbur, Shang-Jin Wei, and Xiaobo Zhang

Print publication date: 2014

Print ISBN-13: 9780199678204

Published to Oxford Scholarship Online: December 2014

DOI: 10.1093/acprof:oso/9780199678204.001.0001

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The influence of foreign economists in the early stages of China’s reforms

The influence of foreign economists in the early stages of China’s reforms

(p.47) 4 The influence of foreign economists in the early stages of China’s reforms
The Oxford Companion to the Economics of China

Edwin Lim

Oxford University Press

This chapter discusses the ways in which foreign economists contributed to China’s reform process. It shows that the World Bank played an important role, both as a direct provider of economic advice and as a facilitator of advice from economists outside the Bank. Its influence owed much not only to the ability of the many excellent economists on its staff, but also to the wisdom and open-mindedness of the Chinese officials and economists involved in the reform process. The chapter highlights the role of Zhao Ziyang — Premier from 1980 to 1987 and head of the System Reform Commission — who led the assimilation of foreign economic ideas and experience, and whose remarkable understanding of economic principles was noted by many foreign economists who met him.

Keywords:   economic reform, Chinese economy, economic policies, World Bank, Zhao Ziyang

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