Faculty Publications

Title

China's new economic zones: a model for development?

Document Type

Article

Journal/Book/Conference Title

Journal of Developing Societies

Volume

10

Issue

1

First Page

59

Last Page

73

Abstract

Since the introduction of economic reforms adopted by the Chinese Communist Party during the Third Plenary Session of the 11th Central Committee in December 1978, new economic zones have been established to foster faster and greater economic growth. Firms located in these zones enjoy greater economic freedom. They are used concurrently as a testing ground for the workability of a much relaxed economic environment within a socialist economic system. This paper delineates the emergence and growth of these new economic zones. The impact of success or failure of this experiment will have significant ramifications for future economic development in China. The lessons which can be learned by other developing countries are also discussed. -Author

Original Publication Date

1-1-1994

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