Laurent De Serres Berard

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If it indeed is the case that China became richer than India only in the 1990s, then FDI inflows and heavy investments in infrastructure loom large in the explanation of why China surged ahead. If, however, China was already richer than India by the early 1990s, then it was the policy choices prior to the 1990s that mattered.
Capitalism with Chinese Characteristics: Entrepreneurship and the State
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