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Achieving Development SuccessStrategies and Lessons from the Developing World$
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Augustin K. Fosu

Print publication date: 2013

Print ISBN-13: 9780199671557

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199671557.001.0001

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The Disinterested Government: An Interpretation of China’s Economic Success in the Reform Era

The Disinterested Government: An Interpretation of China’s Economic Success in the Reform Era

Chapter:
(p.152) 8 The Disinterested Government: An Interpretation of China’s Economic Success in the Reform Era
Source:
Achieving Development Success
Author(s):

Yang Yao

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199671557.003.0008

In the last thirty years, China has achieved high economic growth and successfully transformed its economy from a planned economy to a market-based system. The country, to a large extent, has attained success through the recommendations proposed by standard economic theory. However, the role of political economy has been omitted from the literature: how did China adopt the right economic policies and the appropriate road to reform? This chapter attempts to answer this question. The central assumption of the study is that China achieved success because the government has been a disinterested party.

Keywords:   China, disinterested governments, economic reform, economic growth, political economy

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