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Viewpoint on a rising dragon

Justin Yifu Lin's picture

As a counterpoint to grim forecasts coming out of Europe, I am hopeful that we can anticipate an Asian century where China will grow dynamically for another 20 years. Yet there are caveats to this optimistic scenario: Success in China will require a process of continual transformation and the wherewithal to tackle what I describe as a triple imbalance at the national level. I expound on this and other points in a BBC viewpoint piece published on November 23.

Comments

Growing like China is about ongoing transition, perhaps under quite idiosyncratic conditions, however. http://shiftingwealth.blogspot.com/2011/11/growing-like-china-less-state-led.html To be sure, the middle income trap has been escaped quitenoften over the past two/three decades.