Prior to the china boom, east asia's booming export economy was structured as a so called flying geese formation. The four tigers produced components that were assembled in japan which then manufactured and exported the highest value added goods. In the liny nineties, there's he economis article called apen appende breakthe formation, meaning that there's a car to encumber wit. So it is a sign of centric leadwork, and its centre on china. Of course, that the more recent trade war and everything else is trying t It i is about to transform that, but is stol what it is transforming into.
Part one of a two-part interview with sociologist Ho-fung Hung on Chinese political economic history from the 18th century to 2008: why capitalism took off in England and then elsewhere but not in China; and then, how Maoist policy laid the groundwork for China’s ultimate capitalist takeoff and boom. Episode two will focus on the 2008 financial crisis, the deepening imbalances and heightened geopolitical conflict that resulted, and the current situation—including the impact of the crises surrounding Russia’s invasion.
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