Word: stating
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
More important, the idea that the state made China rich is simply not true. China only started growing when the overbearing government got out of the way and allowed private enterprise, both Chinese and foreign, to thrive. The same is true in India. Across Asia, in fact, the primary engine of growth has always been the market, not the state. All rapid-growth Asian economies - including China's - succeeded by latching onto the expanding forces of globalization, through free trade and free flows of capital. South Korea, Taiwan and Singapore may have had active bureaucrats, but the true source...
...quite fractious democracy. Only one significant economy - Vietnam - is following China's lead. Just about everywhere else, policymakers are rejecting the China model. The severity of the financial crisis hasn't caused political leaders to look to China's success and roll back democracy or copy China's state capitalism. In fact, they are heading in just the opposite direction. The Presidents of South Korea and Taiwan believe deregulation is crucial for the future of their economies. In Japan, newly installed Prime Minister Yukio Hatoyama has wisely made weakening the power of the bureaucracy - not expanding...
Even in China, autocratic state capitalism has an uncertain future. The story of Asia's economic boom tells us that democracies tend to follow wealth. Asians have demanded more political rights with their expanded economic opportunity. That's what happened in Taiwan, South Korea and Indonesia, all dictatorships turned stable democracies. China believes it can build a full-fledged market economy while leaving its politics unchanged. So far it has. But as China gets richer, can its ruling class survive the forces that undermined autocratic regimes elsewhere in Asia...
...same can be asked about the state role in its economy. The evidence from Asia shows that its economies became more market-driven as they became more advanced. That's been true in China as well. Despite all the talk of state capitalism, Beijing's leaders continue to liberalize the economy. In January, a free-trade agreement between China and ASEAN came into full effect, creating a free-trade zone with more potential customers than NAFTA. China's State Council also approved the very capitalist practices of short selling of stocks and futures trading. The big question about China-style...
President Obama continues running with the handoff of the silence “loyalty” ball from President George W. Bush by omitting tobacco in his past two State of the Union addresses. How many million Americans must die before this presidential silence is broken? How about some “tough love” balls...