Abstract
By historical standards, China’s rapid economic progress since 1980 has been nothing short of a miracle.
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Notes
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McKinsey Global Institute (MGI), China-World Exposure Index shows increase in world’s exposure to China while Chinese exposure to the world declined.
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Developing countries, however, can acquire, imitate or borrow technologies, industries and institutions from the advanced high-income countries during the catch-up process. In this way, technological innovation and industrial upgrading in developing countries involve lower costs and fewer risks than in high-income countries. This is the so- called latecomer advantage.
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Lin, Justin Yifu, 2010, The China Miracle Demystified, The World Bank.
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Sattar, Z. (2023). China’s 70-Year Development Approaches to Shared Prosperity. In: Wang, L. (eds) China's Development and the Construction of the Community with a Shared Future for Mankind. Research Series on the Chinese Dream and China’s Development Path. Springer, Singapore. https://doi.org/10.1007/978-981-19-7423-6_70
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DOI: https://doi.org/10.1007/978-981-19-7423-6_70
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