Joseph Medley maintains that China is "export-oriented," or following
"export-led growth." This view is propagated by the IMF and World Bank
as the secret of the success of the "littigers," including South
Korea. As I mentioned in an earlier message, South Korea typically
runs an import surplus.
Barkley Rosser writes:
I note that the most dynamic sector in the Chinese economy
recently has been Town and Village Enterprises (TVE's) which
are technically owned by local units of government but which
behave in vigorously market-oriented ways. The old centralized
command sector utterly
China/Russia
This is a response to the exchange on Russian and Chinese development
initiated by Jim Devine and particularly directed toward the 4.12
intervention of Joseph Medley.
I share the essential premises, that China's economic performance and
attempted reform, particularly of the anti
I note that the most dynamic sector in the Chinese economy
recently has been Town and Village Enterprises (TVE's) which
are technically owned by local units of government but which
behave in vigorously market-oriented ways. The old centralized
command sector utterly stagnant. The totally
In Message Wed, 13 Apr 1994 05:18:15 -0700,
[EMAIL PROTECTED] (mark selden) writes:
Finally, I believe that we are going to be forced to reconsider the widely
held view that what is emerging in China is "capitalism." I believe that
we are seeing the emergence of a distinctive Chinese form of
