Why China Has Succeeded--and Why It Will Continue to Do So

摘要

China's high output growth rates are a result of capital accumulation, export-led growth policies, and industrialization. Jesus Felipe, Utsav Kumar, Norio Usui, and Arnelyn Abdon, Asian Development Bank, Manila, Philippines, analyze the evolution of Chinese exports since the 1960s, focusing on the sophistication of China's export basket and the number of products with comparative advantage (diversification). They find that China's productive structure in the 1960s was already complex, setting the stage for high growth with comparative advantage in both labor-intensive and sophisticated (core) products.