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Sources of Chinese Economic Growth, 1978-1996

Chris Bramall

Published in print September 2000 | ISBN: 9780198296973
Published online November 2003 | e-ISBN: 9780191596018 | DOI: http://dx.doi.org/10.1093/0198296975.001.0001

Series: Studies on Contemporary China

Sources of Chinese Economic Growth, 1978-1996

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Chinese economic growth in the transition era between the deaths of Mao Zedong in 1976 and Deng Xiaoping in 1997 has been exceptionally rapid by historical and international standards. However, and contrary to the conventional wisdom espoused by the Washington consensus, it is shown here that only a small part of Chinese growth can be explained by trade, foreign direct investment, and the mobilization of surplus labour. Instead, growth has been driven by China's state‐led industrial policy, and facilitated by the many favourable industrial and infrastructural legacies of the Maoist era. But the Chinese developmental state did not emerge from a vacuum. Rather, its existence and effectiveness depended upon the limited degree of inequality of income and wealth in China at the end of the 1970s. As inequality has increased over the course of the 1980s and 1990s, so the ability of the Chinese state to promote growth has diminished.

Keywords: China; developmental; growth; industrial; inequality; state; transition; Deng Xiaoping; Mao Zedong

Book.  568 pages.  Illustrated.

Subjects: Economic Development and Growth

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Table of Contents

Introduction: The Dengist Restoration in Sources of Chinese Economic Growth, 1978-1996

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The Process of Economic Growth in Sources of Chinese Economic Growth, 1978-1996

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The Sectoral Contributions of Industry and Agriculture in Sources of Chinese Economic Growth, 1978-1996

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Theories of Growth in Sources of Chinese Economic Growth, 1978-1996

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The Maoist Legacy and the Literature in Sources of Chinese Economic Growth, 1978-1996

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Social Capability and the Capital Stock at the End of the Maoist Era in Sources of Chinese Economic Growth, 1978-1996

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The Role of Surplus Labour in Sources of Chinese Economic Growth, 1978-1996

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The Rates of Saving and Investment in Sources of Chinese Economic Growth, 1978-1996

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Capital Accumulation After 1978 in Sources of Chinese Economic Growth, 1978-1996

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The Growth of Productivity in Sources of Chinese Economic Growth, 1978-1996

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