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The Chinese Menu: How to Discover the Key Ingredients of Market Systems Through a Study Abroad Program

In: Off-Campus Study, Study Abroad, and Study Away in Economics

Author

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  • Craig J. Richardson

    (Winston-Salem State University)

Abstract

China’s politicians describe often their economy as ‘capitalism with Chinese characteristics’—yet there is debate about the underlying drivers of this state capitalism model. Is it government’s guiding hand or the invisible hand of the free market that allows it to flourish? This paper argues that a travel course to China allows students to discover first-hand both the strengths and weaknesses of this system, through exposure to Chinese academics, migrant worker camps, factories, museums, villages and cities. By the end of the course, students also gain a greater appreciation of the strengths and weaknesses of democratic based market systems.

Suggested Citation

  • Craig J. Richardson, 2021. "The Chinese Menu: How to Discover the Key Ingredients of Market Systems Through a Study Abroad Program," Contributions to Economics, in: Joshua Hall & Kim Holder (ed.), Off-Campus Study, Study Abroad, and Study Away in Economics, chapter 0, pages 119-134, Springer.
    • Handle: RePEc:spr:conchp:978-3-030-73831-0_11
    DOI: 10.1007/978-3-030-73831-0_11
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