Long run industrialisation in China: a strategic analysis

William Huw McKay
This study seeks to determine China’s long-run prospects for ascending to high-income status. The conclusion reached is that China’s chances of joining the ranks of wealthy economies that define the global frontier are sound, but they are not overwhelming. This judgement is reached following a detailed empirical examination of China’s very long term economic history up to the time of writing; a lengthy assessment of the industrialisation path of Asia’s first industrial giant, Japan; and...
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