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Title:Development strategy, viability, and economic institutions: The case of China PDF Logo
Authors:Lin, Justin Yifu
Liu, Mingxing
Pan, Shiyuan
Zhang, Pengfei
Issue Date:2006
Series/Report no.:Research Paper, UNU-WIDER, United Nations University (UNU) 2006/48
Abstract:This paper explores the politically determined development objectives and the intrinsic logic of government intervention policies in east developed countries. It is argued that the distorted institutional structure in China and in many least developed countries, after the Second World War, can be largely explained by government adoption of inappropriate development strategies. Motivated by nation building, most least-developed countries, including the socialist countries, adopted a comparative advantage defying strategy to accelerate the growth of capital-intensive, advanced sectors in their countries. In the paper we also statistically measure the evolution of government development strategies and the economic institutions in China from 1950s to 1980s to show the co-existence and coevolution of government adoption of comparative advantage defying strategy and the trinity system.
Subjects:development strategy
trinity system
Document Type:Working Paper
Appears in Collections:WIDER Research Papers, United Nations University (UNU)

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