Suppose you are an economist. Not the kind who derives mathematical models in an ivory tower, but the kind who actually wants to figure out what is going on in the real world. You have lived in China for over twenty years. You have watched this country rise from poverty to become the world’s second-largest […]

Suppose you are an economist. Not the kind who derives mathematical models in an ivory tower, but the kind who actually wants to figure out what is going on in the real world. You have lived in China for over twenty years. You have watched this country rise from poverty to become the world’s second-largest economy. And you are deeply sceptical of a piece of advice that Western mainstream economics keeps peddling: “China should shift to consumption-driven growth.”

From | Tricontinental: Institute for Social Research via This RSS Feed.