❤️(download)⚡️ How China Became Capitalist

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Description
How China Became Capitalist details the
extraordinary, and often unanticipated, journey
that China has taken over the past thirty five
years in transforming itself from a closed
agrarian socialist economy to an indomitable
economic force in the international arena. The
authors revitalise the debate around the rise of
the Chinese economy through the use of
primary sources, persuasively arguing that the
reforms implemented by the Chinese leaders did
not represent a concerted attempt to create a
capitalist economy, and that it was
'marginal revolutions' that introduced the market
and entrepreneurship back to China. Lessons
from the West were guided by the traditional
Chinese principle of 'seeking truth from facts'.
By turning to capitalism, China re-embraced her
own cultural roots. How China Became Capitalist
challenges received wisdom about the future of
the Chinese economy, warning that while China has
enormous potential for further growth, the future
is clouded by the government's monopoly of ideas
and power. Coase and Wang argue that the
development of a market for ideas which has a
long and revered tradition in China would be
integral in bringing about the Chinese dream of
social harmony.