Project Syndicate
October 20, 2023
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See citation below for complete author information.
James W. Harpel Professor of Capital Formation and Growth
Abstract
China’s ongoing economic slowdown is partly the result of its failure to implement crucial structural reforms that would have enabled it to escape the middle-income trap. While previous Chinese leaders saw economic prosperity as the key to maintaining popular support, Xi Jinping has prioritized political control over growth.
Citation
Frankel, Jeffrey. "China's Great Leap Backward." Project Syndicate, October 20, 2023.