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Tag Archives: China

Our China who art in heaven, hallowed be thy growth rate

UPDATE 4: thanks to all the critics on this post, too bad I couldnt get Chinese censoring technology to work:)

UPDATE 3: 9:30am Sat 10/9: links to Nobel Peace Prize and Charter ’08

UPDATE 2: 1:30pm. New Yorker writer Evan Osnos generously replies to my criticisms (see end of post)

SCOREBOAD UPDATE 10 AM 10/8: understanding key to China’s future development: Nobel Committee 1, New Yorker 0; Liu Xiaobo 1, Justin Lin, 0.

A writer

Posted in Democracy and freedom, Economics principles | Also tagged , , 34 Comments

The coming end to China’s rapid growth

China’s remarkable growth rate is unlikely to last. No country in history has managed to grow nearly so fast for so long.

“China is defying the law of gravity at the moment,” says New York University economist William Easterly, who has tracked economic development for decades. “But that doesn’t mean that gravity is wrong.”

From 1900 to 2000, NYU’s Mr. Easterly says, per-capita growth of all countries ranged between 1% to 3% a year.

Posted in Economics principles, In the news | Also tagged 10 Comments

Was the poverty of Africa determined in 1000 BC?

The usual development conversation about determinants of per capita income revolves around modern choices of institutions or economic policies. But what if history is the main determinant of development today?

A paper by Diego Comin, Erick Gong, and myself was just published in the American Economic Journal: Macroeconomics. We collected crude but informative data on the state of technology in various parts of the world in 1000 BC, 0 AD, and 1500 AD.

1500…

Posted in Academic research, Technology | 67 Comments

The Asian Man’s Burden? China worried about prospects of Europe

According to the FT, China’s Investment Corporation is “very concerned” about threats of further instability in the Eurozone.

Considering also China’s big new role in aid to Africa, is it time to start wondering whether both World Bank and IMF should be moved to Beijing?

Not that I am willing to join the China-worship cult, but I DO love historical ironies that deflate pretensions of the White Man as Savior.

Posted in In the news | 8 Comments

Can the West learn from China in Africa?

Deborah Brautigam, Associate Professor in American University’s International Development Program, is author of the book The Dragon’s Gift: The Real Story of China in Africa (see our review here), and a new blog which digs into current China in Africa issues reported in the press. She recently spoke at NYU and answered a few of our questions.

Q:  It’s my reading of your book that you think Western donors could learn something from the

Posted in Aid policies and approaches | Also tagged , 17 Comments

China in Africa myths and realities

In recent years, journalists and pundits in the West have looked on China’s economic engagement with Africa, including foreign aid, with growing alarm. An NYT op-ed a few years ago called China a “rogue donor,“ giving aid that is “nondemocratic in origin and nontransparent in practice, and its effect is typically to stifle real progress while hurting ordinary citizens.”

Other negative stories about China in Africa include China abetting genocide in Darfur by supplying arms…

Posted in Aid policies and approaches, Books and book reviews | Also tagged 16 Comments