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dc.contributor.authorFelipe, Jesusen
dc.contributor.authorKumar, Utsaven
dc.contributor.authorUsui, Norioen
dc.contributor.authorAbdon, Arnelynen
dc.date.accessioned2010-08-25-
dc.date.accessioned2012-04-12T14:17:26Z-
dc.date.available2012-04-12T14:17:26Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aLevy Economics Institute of Bard College |cAnnandale-on-Hudson, NYen
dc.relation.ispartofseries|aWorking Paper |x611en
dc.subject.jelO20en
dc.subject.jelO25en
dc.subject.jelO53en
dc.subject.ddc330en
dc.subject.keywordChinaen
dc.subject.keywordcapabilitiesen
dc.subject.keyworddiversificationen
dc.subject.keywordexport-led growthen
dc.subject.keywordleapfroggingen
dc.subject.keywordopen foresten
dc.subject.keywordproduct spaceen
dc.subject.keywordsophisticationen
dc.titleWhy has China succeeded - and why it will continue to do so-
dc.typeWorking Paperen
dc.identifier.ppn633765163en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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