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Awakening Giant: International Business In China Growth, Opportunities And Challenges, Ananda Wickramasinghe, Alberto Ordigoni

Sydney Business School - Papers

This paper analyses China's growth through a developmental state framework, taking into account the positive role of the state in deliberately fostering a strategic industrial policy, with the aim of creating a process of rapid industrialisation and overcoming structural and technological constraints. It is argued that China growth has been achieved through a strong industrial policy implemented by state intervention in a way similar to other late-industrialised East Asian countries such as Japan, South Korea, Taiwan and Hong Kong. In particular, there are three main features in Chinese development typical of a developmental state policy: the constant control by the …