Chinese economy encounter in the future

Reference no: EM131022815

Pranab Bardhan, an economist at the University of California, Berkeley, argues: "China may be close to exhausting the possibilities of technological catch-up with the West, particularly in manufacturing."

a. What does Bardhan mean by "technological catch-up"?

b. If Bardhan is correct, what problems might the Chinese economy encounter in the future?

c. Briefly discuss the similarities and differences between the Chinese economy today and the Soviet economy in the 1980s.

Reference no: EM131022815

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