China's Exports Since 1979

This book examines China's export policies and performance in the post-1978 reform period. In the light of China's experience, it is deeply critical of the Stalinist model, which opposes developing countries' extensive involvement in the world economy. However, it also demonstrates the limitations of the 'export-led' development strategy. This book argues that a high degree of participation in international trade is essential, even for a country of China's huge size, to achieve economic growth of the desired pace and type. The book first surveys the evolution of China's exports in the pre-reform period, especially under Mao. Then it explores the post-1978 changes in the Chinese view of trade theory and policies for export promotion. In assessing these theoretical changes and policies, the book provides a detailed account of China's export development, highlighting one of the important components of China's post-Mao reforms. With rich material and careful analysis, this book will be of interest both to academics in the field of international trade and development economics, as well as to the business community, especially those companies which have set up joint ventures in China or whose export commodities now face major challenges from China in world markets.