“The basic reason why poor countries are poor is that they lack the technological capital that rich countries have, which makes output per worker dramatically higher. To get rich, poor countries must therefore undertake a process of “technological catch-up,” in… — Arthur R. Kroeber Copy Share Image
“Between 1978 and 1983, the entire basis of the agricultural economy was changed by the adoption of the “household responsibility system.” The origins of… — Arthur R. Kroeber Copy Share
“The “East Asian development model” is an adaptation of the strategy advocated by German economist Friedrich List (1789–1846), which in turn drew inspiration from… — Arthur R. Kroeber Copy Share
“But of course many individual economic reforms require the state to give up some power. Streamlining the SOEs means a big reduction in the… — Arthur R. Kroeber Copy Share
“China, almost uniquely among modern authoritarian regimes, has achieved three successive transfers of power from one living leader to another unrelated one. (Only Vietnam… — Arthur R. Kroeber Copy Share
“in the international arena, national power is a direct result of economic might.” — Arthur R. Kroeber Copy Share
“Deng’s judgment about the importance of strong economic growth was later validated by a series of studies of the collapse of the USSR conducted… — Arthur R. Kroeber Copy Share
“The basic reason why poor countries are poor is that they lack the technological capital that rich countries have, which makes output per worker… — Arthur R. Kroeber Copy Share
