2012-03-01, English, Article, Journal or magazine article edition: CHINA'S INTEGRATION WITH THE WORLD: DEVELOPMENT AS A PROCESS OF LEARNING AND INDUSTRIAL UPGRADING. Lin, Justin Yifu; Wang, Yan

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Physical Description
  • Magazine/​Journal article
Published
  • World Scientific Publishing Co. Pte Ltd., 2012 March
Language
  • English

Edition details

Title
  • CHINA'S INTEGRATION WITH THE WORLD: DEVELOPMENT AS A PROCESS OF LEARNING AND INDUSTRIAL UPGRADING.
Appears In
  • China Economic Policy Review, v.1, no.01, 2012 March (ISSN: 1793-9690)
Author
  • Lin, Justin Yifu
  • Wang, Yan
Published
  • World Scientific Publishing Co. Pte Ltd., 2012 March
Physical Description
  • Magazine/​Journal article
Subjects
Target Audience
  • Academic
Summary
  • To access, purchase, authenticate, or subscribe to the full-text of this article, please visit this link: http:/​/​dx.doi.org/​10.1142/​S179396901250001X Byline: JUSTIN YIFU LIN, YAN WANG Development is a process that is full of uncertainties, and even more so is the process of economic transition. Because of uncertainties and country specificity, development must be a process of learning, selective adaptation, and industrial upgrading. This paper attempts to distill lessons from China's reform and opening up process and investigate the underlying reasons behind China's success in trade integration and economic growth. From its beginnings with home-grown and second-best institutions, China has embarked on a long journey of reform, experimentation, and learning by doing. It is moving from a comparative advantage-defying strategy to a comparative advantage-following strategy. The country is catching up quickly through augmenting its factor endowments and upgrading industries; but this has been only partially successful. Although China is facing several difficult challenges -- including rising inequality, an industrial structure that is overly capital- and energy-intensive, and related environmental degradation -- it is better positioned to tackle them now than it was 30 years ago. This paper reviews the drivers behind China's learning and trade integration and provides both positive and negative lessons for developing countries with diverse natural endowments, especially those in Sub-Saharan Africa.
Terms of Use
  • COPYRIGHT 2012 World Scientific Publishing Co. Pte Ltd.
Language
  • English
Database
  • Gale Academic OneFile
Identifier
  • 464684093
  • 10.1142/​S179396901250001X

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