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New Perspectives On Contemporary Chinese Growth: The Developmental State Model And China’S Success In The Reform Period, Adam T. Savino
New Perspectives On Contemporary Chinese Growth: The Developmental State Model And China’S Success In The Reform Period, Adam T. Savino
Senior Projects Spring 2021
The success of China since 1979 has often been boiled down to market fundamentals, neglecting its largely state directed system. This essay compares the developmental state theory of growth, established by historian Chalmers Johnson, to China’s economic practices over the last 40 years. Ultimately, the purpose of this essay is to demonstrate that China’s growth is based on a unique application of the developmental state model, and that this model is potentially transferable to other economies that have yet to develop as robustly.