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The Argument

In: Traps Embraced Or Escaped Elites in the Economic Development of Modern Japan and China

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  • Carl Mosk

    (University of Victoria, Canada)

Abstract

It would seem the height of folly to argue that there is a striking similarity between the economic development of Japan and of China over the period 1850–2000. After all contemporary Japan is a high income per capita country, a multi–party democracy with intense political competition heavily relying upon market forces in allocating goods and services including those flowing from the factors of production. By contrast China is a much lower income per capita nation, nominally a Market Socialist economy characterized by one–party rule of the Communist Party, market forces being strongly tempered by a legacy of command and control directed central planning embodied in state owned enterprises and collectively owned town and village enterprises that still play a significant role in the contemporary Chinese economy. Yet the existence of remarkable similarity is the core of the argument I advance in this volume…

Suggested Citation

  • Carl Mosk, 2011. "The Argument," World Scientific Book Chapters, in: Traps Embraced Or Escaped Elites in the Economic Development of Modern Japan and China, chapter 1, pages 3-16, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814287531_0001
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