The influence of foreign economists in the early stages of China’s reforms

Lim, Edwin KiaYang

doi:10.1093/acprof:oso/9780199678204.003.0005

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“…with a borrower" and describes the bank's role of the first few years as "primarily a didactic one of educating a cadre of senior Chinese officials in new economic ideas and technical systems" (Kapur, Lewis, and Webb 1997, 24). To this end, the World Bank organized two important conferences, the Moganshan Conference in July 1982 and the Bashanlun Boat Conference in September 1985; published two reports on China's economy in the same years; and funded the rebuilding of China's higher education curriculum in economics (Gewirtz 2017;Lim 2014;Vogel 2013, 55-76;Weber 2020).…”

Section: Foreign Economists and Their Contribution To The Reinstatemementioning

confidence: 99%

Origins of China’s Contested Relation with Neoliberalism: Economics, the World Bank, and Milton Friedman at the Dawn of Reform

Weber

2020

Global Perspectives

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China is found both to be neoliberal and to provide an alternative to neoliberal development. To illuminate the origins of this contradiction, this paper analyzes China’s relationship with neoliberalism from a historical and economic theory perspective. Neoliberal economic thinking became relevant to China with the beginning of reform and opening up in 1978, when the Communist Party moved from Maoism to an economic determinist outlook on socialism. This ideological shift opened the door for exchanges with the World Bank and foreign economists, including neoliberals. Yet an analysis of Milton Friedman’s speeches in China reveals a critical divide: the Chinese reformers embrace the market but deny that the market requires universal private property. Thus, China is integrated into the global market while the Chinese state reserves its rights to control the economy.

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Section: Foreign Economists and Their Contribution To The Reinstatemementioning

confidence: 99%

Origins of China’s Contested Relation with Neoliberalism: Economics, the World Bank, and Milton Friedman at the Dawn of Reform

Weber

2020

Global Perspectives

View full text Add to dashboard Cite

show abstract

The influence of foreign economists in the early stages of China’s reforms

Cited by 1 publication

References 0 publications

Origins of China’s Contested Relation with Neoliberalism: Economics, the World Bank, and Milton Friedman at the Dawn of Reform

Origins of China’s Contested Relation with Neoliberalism: Economics, the World Bank, and Milton Friedman at the Dawn of Reform

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