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Exploring China’s Impacts on Development Thinking and Policies

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posted on 2024-09-05, 22:00 authored by Jiajun Xu, Richard Carey
In this article, we explore the impacts, actual and potential, of China’s development experiences upon development thinking and policies elsewhere. New Structural Economics, a theoretical innovation by Professor Justin Yifu Lin drawing on a longer tradition of pragmatic ‘learning by doing’ development strategies, provides a framework in which three agendas stand out: structural transformation as a policy priority; the return of industrial policy; and the use of Special Economic Zones. We integrate related drivers of growth in China: rapid urbanisation pulling in massive rural migration in an economic transformation process; the financing of provincial and city governments by improvised local government financing vehicles based on rising urban land values; and competition and accountability processes in China’s subnational governance system. While China’s experiences cannot be directly replicated elsewhere, we argue that lessons on why and how to achieve structural transformation are relevant for other developing countries, especially in fast urbanising and integrating Africa.

Funding

Foreign, Commonwealth & Development Office

History

Publisher

Institute of Development Studies

Citation

Xu, J. and Carey, R. (2021) 'Exploring China’s Impacts on Development Thinking and Policies', IDS Bulletin 52.2: 53–68

Series

IDS Bulletin 52.2

Version

  • VoR (Version of Record)

IDS Item Types

Article

Copyright holder

© Authors © Institute of Development Studies 2021

Country

China

Language

en

IDS team

Business, Markets and the State

Project identifier

Default project::9ce4e4dc-26e9-4d78-96e9-15e4dcac0642::600

Identifier ISSN

1759-5436

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    Volume 52. Issue 2: China and International Development: Knowledge, Governance, and Practice

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