Chapter

The Open Door

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/10.1093/0198296975.003.0015

Series: Studies on Contemporary China

The Open Door

More Like This

Show all results sharing this subject:

  • Economic Development and Growth

GO

Show Summary Details

Preview

A feature of transition‐era China was the opening‐up of the economy to foreign trade and foreign direct investment. Both factors played a role in the growth process, especially in Guangdong province. Nevertheless, it is shown in this chapter that Chinese growth was not export‐led; in purely quantitative terms, neither foreign trade nor investment was large enough in relation to the Chinese economy to explain growth. The very fact that growth accelerated across the whole of the People's Republic, whereas the impact of the open door strategy was confined almost exclusively to the south‐eastern provinces, demonstrates that internal factors were the prime mover in the growth process. Indeed, without heavy state investment in Shenzhen and other special economic zones, it is unlikely that even Guangdong could have grown so quickly.

Keywords: export‐led; Guangdong; opening‐up; Shenzhen; trade

Chapter.  17837 words.  Illustrated.

Subjects: Economic Development and Growth

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.