Chapter

The Master Discourse and the State

Chris Bramall

in Sources of Chinese Economic Growth, 1978-1996

Published in print September 2000 | ISBN: 9780198296973
Published online November 2003 | e-ISBN: 9780191596018 | DOI: http://dx.doi.org/10.1093/0198296975.003.0012

Series: Studies on Contemporary China

The Master Discourse and the State

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Chapters 5 to 11 have outlined the proximate sources of Chinese economic growth. The remaining part of the book probes the underlying sources of that growth, and especially the role played by Chinese state. This chapter begins this discussion by noting that, although the Washington consensus is adamantine in its rejection of the very idea that state intervention in developing countries can be growth‐promoting, the international evidence points firmly towards a much more positive appraisal of the role played by industrial policy. Those parts of the developing world which have embraced the market orthodoxy, whether in Eastern Europe, the former Soviet Union or Latin America, have fared poorly. By contrast, East Asia has prospered by embracing industrial policy. This suggests that China's transition strategy, and its explicit copying of the East Asian model, was correct.

Keywords: growth‐promoting; industrial policy; orthodoxy; state; underlying

Chapter.  8690 words. 

Subjects: Economic Development and Growth

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