Towards a Transformative Framework

Khalid Malik

in Why Has China Grown So Fast For So Long?

Published in print September 2012 | ISBN: 9780198078838
Published online September 2012 | e-ISBN: 9780199081646 | DOI:
Towards a Transformative Framework

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This chapter delves into the concept of ’development as transformation’ to explain the nature of the development process of an economy. As opposed to neoclassical thinking, this perspective takes into account a number of complex processes which are dynamic in nature such as leadership and vision, norms and values, rules and institutions, trust and cohesion. Once transformation becomes the focus, a long-term perspective to development becomes necessary. The chapter talks about the evolving nature of production itself driven by agents of transformation. The importance of national ownership and leadership is brought into the development framework. The macro relationship between the building of capacities—a broad term taking into account human capabilities, states and institutions, and social capital—and development is established. Finally, the importance of strong policies in contributing to an economy’s growth and stability are examined.

Keywords: China; development as transformation; neoclassical; development framework; growth; stability; national ownership; leadership; human capabilities

Chapter.  13257 words.  Illustrated.

Subjects: Business and Management

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