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The visible hand: the role of government in China's long-awaited industrial revolution

机译:可见的一面:政府在中国期待已久的工业革命中的作用

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China is undergoing its long-awaited industrial revolution. There is no shortage of commentary and opinion on this dramatic period, but few have attempted to provide a coherent, in-depth, political-economic framework that explains the fundamental mechanisms behind China's rapid industrialization. This article reviews the Embryonic Economic Development theory put forth by Wen (2016a). This article reviews the Embryonic Economic Development theory put forth by Wen . It illuminates the critical sequence of developmental stages since the reforms enacted by Deng Xiaoping in 1978: namely, small-scale commercialized agricultural production, proto-industrialization in the countryside, a formal industrial revolution based on mass production of labor-intensive light consumer goods, a sustainable Industrial trinity' boom in energy/motive power/infrastructure, and a second industrial revolution involving the mass production of heavy industrial goods. This developmental sequence follows essentially the same pattern as Great Britain's Industrial Revolution, despite sharp differences in political and institutional conditions. One of the key conclusions exemplified by China's economic rise is that the extent of industrialization is limited by the extent of the market. One of the key strategies behind the creation and nurturing of a continually growing market in China is based on this premise: The free market is a public good that is very costly for nations to create and support. Market creation requires a powerful 'mercantilist' state and the correct sequence of developmental stages; China has been successfully accomplishing its industrialization through these stages, backed by measured, targeted reforms and direct participation from its central and local governments.
机译:中国正在经历期待已久的工业革命。在这个戏剧性的时期不乏评论和见解,但很少有人试图提供一个连贯,深入的政治经济框架来解释中国快速工业化的基本机制。本文回顾了Wen(2016a)提出的胚胎经济发展理论。本文回顾了温家宝提出的胚胎经济发展理论。它阐明了自邓小平1978年改革以来的发展阶段的关键顺序:即小型商业化农业生产,农村的原始工业化,基于劳动密集型轻消费品的大规模生产的正式工业革命,可持续的工业三位一体在能源/动力/基础设施方面的繁荣,以及第二次涉及重工业产品的大规模生产的工业革命。尽管政治和体制条件存在巨大差异,但这种发展顺序基本上遵循与英国工业革命相同的模式。中国经济崛起例证的主要结论之一是,工业化的程度受到市场范围的限制。建立和培育中国不断增长的市场背后的关键策略之一就是基于这样的前提:自由市场是一种公共物品,对国家创造和支持来说是非常昂贵的。市场创造需要强大的“重商主义”状态和正确的发展阶段顺序。在这些阶段的成功实施下,中国成功地实现了工业化,并得到了中央和地方政府的有针对性的有针对性的改革和直接参与。

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