Publication

This paper discusses the implications of sustained nine-percent growth through 2010 in China. The author argues that if China maintains this rate, the implications will not be great because too much is left unknown about what comes after 2010. The paper explains that China in that year will still be at a low level of performance, both overall and in per-capita terms. However, the author suggests that if sustaining nine-percent growth to 2010 means that China has launched reforms that will continue to engineer institutional changes, then the resulting successful development trajectory in the rest of the century will generate profound consequences.