What is the chinese model

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Reference no: EM13939927

With the end of the Cold War, many Western observers assumed that liberal democratic capitalism was the only effective remaining path to modernization for the developing world. Nonetheless, China's unprecedented rise in the global economic hierarchy has raised the possibility of an alternative "illiberal" state-led capitalism.

Hence, what is the Chinese model? And is the developmental state a viable alternative growth model for the countries of the South? Is it a serious challenger to free market capitalism?

Reference no: EM13939927

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