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Newer Economic Models

by Joshua Kurlantzick
June 11, 2013

An employee works at a textile mill in Jiujiang, Jiangxi province, China on March 28, 2013. China's factory activity likely expanded at its fastest rate in 11 months in March 2013, with an anticipated pick-up in both domestic and external demand set to bolster the case that its economic recovery is gathering pace, not simply stabilizing. An employee works at a textile mill in Jiujiang, Jiangxi province, China on March 28, 2013. China's factory activity likely expanded at its fastest rate in 11 months in March 2013, with an anticipated pick-up in both domestic and external demand set to bolster the case that its economic recovery is gathering pace, not simply stabilizing. (China Daily/Courtesy Reuters)

In the Asian Review of Books, editor Peter Gordon reviews both my new book Democracy in Retreat and a forthcoming book by longtime China journalist Joe Studwell, How Asia Works; Success and Failure in the World’s Most Dynamic Region. I have always found Studwell’s work to be among the most thought-provoking and contrarian on Asia – the two often go together – and his new work is no exception. It adds to the growing literature suggesting that the modern state capitalists, like China, are pursuing models of development not only sharply different from those advocated by the West but also different from the Asian tigers and tiger cubs – many China-watchers have suggested that China’s model is simply an updated version of what worked earlier, for nations like South Korea. I will be adding my own contribution to the state capitalism debate in the next year. Read the whole review here.

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