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dc.contributor.authorFelipe, Jesusen_US
dc.contributor.authorKumar, Utsaven_US
dc.contributor.authorUsui, Norioen_US
dc.contributor.authorAbdon, Arnelynen_US
dc.date.accessioned2010-08-25en_US
dc.date.accessioned2012-04-12T14:17:26Z-
dc.date.available2012-04-12T14:17:26Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/56967-
dc.description.abstractThe key factor underlying China's fast development during the last 50 years is its ability to master and accumulate new and more complex capabilities, reflected in the increase in diversification and sophistication of its export basket. This accumulation was policy induced and not the result of the market, and began before 1979. Despite its many policy mistakes, if China had not proceeded this way, in all likelihood it would be a much poorer country today. During the last 50 years, China has acquired revealed comparative advantage in the export of both labor-intensive products (following its factor abundance) and sophisticated products, although the latter does not indicate that there was leapfrogging. Analysis of China's current export opportunity set indicates that it is exceptionally well positioned (especially taking into account its income per capita) to continue learning and gaining revealed comparative advantage in the export of more sophisticated products. Given adequate policies, carefully thought-out and implemented reforms, and skillful management of constraints and risks, China has the potential to continue thriving. This does not mean, however, that high growth will continue indefinitely.en_US
dc.language.isoengen_US
dc.publisherLevy Economics Inst. Annandale-on-Hudson, NYen_US
dc.relation.ispartofseriesWorking paper, Levy Economics Institute 611en_US
dc.subject.jelO20en_US
dc.subject.jelO25en_US
dc.subject.jelO53en_US
dc.subject.ddc330en_US
dc.subject.keywordChinaen_US
dc.subject.keywordcapabilitiesen_US
dc.subject.keyworddiversificationen_US
dc.subject.keywordexport-led growthen_US
dc.subject.keywordleapfroggingen_US
dc.subject.keywordopen foresten_US
dc.subject.keywordproduct spaceen_US
dc.subject.keywordsophisticationen_US
dc.titleWhy has China succeeded - and why it will continue to do soen_US
dc.typeWorking Paperen_US
dc.identifier.ppn633765163en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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