From Developmental to Entrepreneurial
Chapter 4: From developmental to entrepreneurial: varieties of political economy
China’s economic identity is moving from a developmental to an entrepreneurial spirit. China has been transforming and moving towards a market economy according to many observers, although the definition can be different from person to person. This chapter begins with a theoretical assessment on the relationship between technology and economic growth. It then examines the significance of the WTO and China’s economic integration with the world economy. If the Greater Pearl River Delta represents the previous developmental model of China, the new phase towards economic growth will focus on an entrepreneurial policy realized through science and technology, looking at examples such as the Suzhou Industrial Park and the e-commerce industries. The future economic identity of China is going to be more consolidated, and the global economy should be better prepared for that change.
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