S-Space College of Social Sciences (사회과학대학) Institute of Economics Research (경제연구소) Seoul Journal of Economics Seoul Journal of Economics vol.29 no.1~4 (2016)
Can China Change Its Industrialization Path? Beyond the 2004-2005 Industrial Policy Debate in China
- LIU, Qunyi
- Issue Date
- Seoul Journal of Economics, Vol.29 No.2, pp. 213-233
- The chemical accident in Fujian Province in April 2015 and
frequent winter smog that often covers a large number of eastern
Chinese cities have resulted in policy debates similar to the one
held 10 years ago. The topic of these debates is, Does China need
to change its industrialization path? By reconsidering the 2004-
2005 Debate, the paper will focus on the policy content behind the
controversy of economic theories and beyond, namely, the relationship
between the theories and formation of policies in which stages of
diversification and the M-form of Chinese governance are highlights.
We conclude that China has experienced environment-forcing and
state-oriented economic development paradigm shift.