“Between 1978 and 1983, the entire basis of the agricultural economy was changed by the adoption of the “household responsibility system.” The origins of this shift lay in a village in Anhui province, where a group of farmers got together… — Arthur R. Kroeber Copy Share
“Between 1978 and 1983, the entire basis of the agricultural economy was changed by the adoption of the “household responsibility system.” The origins of this shift lay in a village in Anhui province, where a group of farmers got together in secret and signed an agreement to dissolve their collective and divide up their farmland into individual plots. This innovation… — 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 the “American System” created in the early United States by Alexander Hamilton and Henry Clay. The United States and Bismarck’s Germany (which adopted much of List’s program) were the two most successful “catch-up” economies of the… — 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 state’s ownership of assets. Financial liberalization means cutting the government’s ability to direct capital to its favored projects. The enduring dilemma of party-driven economic policy is how much and what kind of power are Chinese leaders… — 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 Image
“in the international arena, national power is a direct result of economic might.” — Arthur R. Kroeber Copy Share Image
“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 Image
“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 Image
