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What was Behind the Chinese Miracle?

Author

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  • Luo, Yinghao

Abstract

According to the International Monetary Fund, for the first time in decades, the U.S. is no longer the largest economy in the world, and China has become number one. Some economists think this is the chinese miracle. However, the chinese miracle raises some questions. The most important question is what was behind the chinese extraordinary performance? In this paper we provides social, political and economic insights into this issue. We find that the Han Chinese society in mainland China is a society full of animal spirit.

Suggested Citation

  • Luo, Yinghao, 2016. "What was Behind the Chinese Miracle?," MPRA Paper 77804, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:77804
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    More about this item

    Keywords

    the chinese miracle; animal spirit;

    JEL classification:

    • K0 - Law and Economics - - General
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
    • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies
    • P3 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions
    • Z1 - Other Special Topics - - Cultural Economics

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