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Mentioned in 1 episodes
The Rise of China's Industrial Policy, 1978 to 2020
Book • 2021
Barry Naughton examines whether China's emergence as a major economy and technological power stems from industrial policies, tracing their evolution over four decades.
He shows that from 1978 to 2005, growth accelerated through market reforms in the absence of selective industrial policy, but post-2006 policies, intensified by the Global Financial Crisis, marked a shift toward direct government intervention to steer the economy toward high-tech sectors.
Naughton argues this creates a distinctive 'government-steered market economy' with global implications.
He shows that from 1978 to 2005, growth accelerated through market reforms in the absence of selective industrial policy, but post-2006 policies, intensified by the Global Financial Crisis, marked a shift toward direct government intervention to steer the economy toward high-tech sectors.
Naughton argues this creates a distinctive 'government-steered market economy' with global implications.
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Mentioned in 1 episodes
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Jack Farley
Barry Naughton
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The Triumphs & Crises of China’s Economy | Professor Barry Naughton on China’s Debt, Deflation, and “Industrial Policy 3.0”
