Published Thursday, May 22, 2008 by D.W. MacKenzie
Advocates of government planning often cite China as an example of economic success. China supposedly achieved success by adopting a mixed economy.
According to Joseph Stiglitz, the Chinese government has avoided the deficiencies of capitalism and communism by allowing a limited amount of private competition, while also retaining strong governmental controls over investment.
(Original Text)
China and the Development Myth (1.14 MB)