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The economy of China: a tourist's view

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posted on 2024-09-05, 22:44 authored by James Tobin
Three American economists visited China for two weeks in September 1972 as guests of the Chinese Academy of Sciences and Peking University. The paper reports one visitor's impressions of the Chinese economy and of Chinese economics. The impressions of the economy are organized around a speculative construction of the national accounts of China, designed to make scattered bits of information into a consistent picture of the interrelations of agriculture, industry, and government. The manner in which the countryside is organized in people's communes is described, and income differences within agriculture, within industry, and between sectors are discussed. Finally, the state of the Chinese universities in general, and of academic economics in particular, following the disruptions of the Cultural Revolution is described.

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Institute for Development Studies, University of Nairobi

Citation

Tobin, James. (1972) The economy of China: a tourist's view. Discussion Paper 150. Nairobi: Institiute for Development Studies, University of Nairobi

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Discussion Papers 150

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Series paper (non-IDS)

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Institute for Development Studies, University of Nairobi

Language

en

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