China ’ s Integration with the World : Development as a Process of Learning , Augmenting and Upgrading

  title={China ’ s Integration with the World : Development as a Process of Learning , Augmenting and Upgrading},
  author={Justin J. Y. Lin and Yan Wang},
Development is a process that is full of uncertainties, and even more so is the process of transition from the planned economy to a market oriented one. Because of the uncertainties and country specificity, development must be a process of learning, selective adaptation, and augmentation and upgrade. This paper attempts to distill lessons from China’s reform and opening up process, and to investigate the underlying reasons behind China’s success in trade expansion and economic growth. Started… CONTINUE READING


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