China's rapid rise is doubtless the most significant economic and geopolitical event in the 21st century. What has led to its rise? What does it mean for the rest of the world? When will China overtake the US? Will the conflict between the two superpowers derail its further rise? Can China's development experience be emulated by other countries? These are some of the important questions addressed in this jargon-free, yet rigorous book. It debunks many popular explanations of China's rapid economic growth ranging from abundance of cheap labor, export promotion, demographic dividend, strong government, to mercantilist policies and IP theft. Taking a global comparative approach, this book demonstrates convincingly that the true differentiating factor making China grow faster than other developing countries over the past four decades is the Confucian culture of savings and education. This cultural perspective yields powerful new insights into many questions regarding China's rise.
Dipak Jain - President (European) of CEIBS and former Dean of INSEAD and Northwestern University’s Kellogg School of Management
Yingyi Qian - Distinguished Professor and former Dean of the School of Economics and Management of Tsinghua University, and author of How Reform Worked in China
Pascal Lamy - Honorary President of Notre Europe and former Director-General of the World Trade Organization (WTO)
Kim-Sau Chung - Professor of Economics, Hong Kong Baptist University
Carsten Holz - Professor of Economics, Hong Kong University of Science and Technology
Dennis Tao Yang - Dale S. Coenen Professor of Business Administration and Academic Director, The Asia Initiative, Darden School of Business, University of Virginia
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