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The
paper is an analytical overview seeking
to explain and interpret the historical
background, logic of evolution, and developmental
and social implications of China's economic
transformation over the post 1978-reform
era. The analytics draws on a range of
relevant economic theories including Marxian
theory of economic growth, Post-Keynesian
theory of demand determination, and Neo-Schumpeterian
theory of innovation. It is argued that
these alternative theoretical perspectives
offer better insights than mainstream
neoclassical economics in explaining China's
economic transformation in the post reform
era.
October 29, 2006.
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