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Daron Acemoglu on China - Dictionary of Arguments

Acemoglu I 67
China/market policy/Acemoglu/Robinson: China (...) is one of the countries that made the switch from economic policies that caused poverty and the starvation of millions to those encouraging economic growth. But (...) this did not happen because the Chinese Communist Party finally understood that the collective ownership of agricultural land and industry created terrible economic incentives. Instead, Deng Xiaoping and his allies, who were no less self-interested than their rivals but who had different interests and political objectives, defeated their powerful opponents in the Communist Party and masterminded a political revolution of sorts, radically changing the leadership and direction of the party. Their economic reforms, which created market incentives in agriculture and then subsequently in industry, followed from this political revolution. It was politics that determined the switch from communism and toward market incentives in China, not better advice or a better understanding of how the economy worked. Cf. >Ignorance/Acemoglu,
>Economic policies/Acemoglu.

Literature: On the nature and politics of China’s political transition after the death of Mao, see Harding (1987)(1) and MacFarquhar and Schoenhals (2008)(2).

1.Harding, Harry (1987). China’s Second Revolution: Reform After Mao. Washington, D.C.: Brookings Institution Press.
2.MacFarquhar, Roderick, and Michael Schoenhals (2008). Mao’s Last Revolution. Cambridge, Mass.: Harvard University Press.

Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

Acemoglu II
James A. Acemoglu
James A. Robinson
Economic origins of dictatorship and democracy Cambridge 2006

Acemoglu I
James A. Acemoglu
James A. Robinson
Why nations fail. The origins of power, prosperity, and poverty New York 2012

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