China’s Economic Reform
Post reform China is an important economic model to study. Its sheer size, both in terms of man-power and land mass, make it an impossible case to ignore. It has the highest population in the world roughly twice that of India, China’s closest competitor for that dubious title. And after the break up of the USSR, China became second to only Canada in total area. Furthermore, recent economic reforms in China have enjoyed a relative success that defies conventional wisdom, making it necessary to seek a rationale for its deviation from expected outcomes. The renewed strength of the once poor China and its current position in the global economy provides a unique model with many features worthy of examination and some of emulation, both in theory and practice.