Sources of Chinese Economic Growth, 1978-1996

"The policy implications are stark. The Chinese experience demonstrates that industrial policy and state spending on physical and social infrastructure can produce rich rewards. But attempts to replicate China's success in Latin America, sub-Saharan Africa, and South Asia will fail because their governments are too weak to resist rent-seeking by classes and interest groups. Moreover, as the state becomes weaker in the wake of the re-emergence of a powerful capitalist class, even Chinese growth may prove unsustainable."--BOOK JACKET.