Advertisement
Published in:
2009 | OriginalPaper | Chapter
Resurgent China: Issues for the Future
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
China has been experiencing very fast economic growth for three decades now. As a result, China’s per capita income has increased almost ten-fold from $224 in 1978 to $2,055 in 2007.1 Surpassing other G-8 countries, China has become the second largest economy in the world in Purchasing Power Parity (PPP) terms, and she is already the world’s top exporter country. This fast economic growth has been associated with fundamental changes in China’s institutions. From a centrally planned economy and very egalitarian society, China has become by and large a market-based economy and an unequal society. China has also become more integrated with the rest of the world.