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The China Miracle in a technological and socio-political framework-The role of institutions

机译:中国奇迹在技术和社会政治框架 - 机构的作用

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China's economy has grown at an average annual rate of around 9.5% in the past four decades, which is often hailed as the China Miracle. This paper proposes a new theoretical model to analyse the causes of China's phenomenal growth in a technological and socio-political framework. In our new framework, the contemporary technology (T) determines what an economy can achieve; the objective (0) of the society has a fundamental impact on its economic growth; the performance (P) in implementing the social objective largely determines the growth rate of the economy; and the stability (S) of the society determines the sustainability of the economic growth. China's institutions have played key roles in the TOPS framework to initiate and sustain China's rapid growth in the past four decades. Socio-political changes caused by economic growth might affect the capacity of these institutions to promote economic growth in future.
机译:中国经济在过去的四十年里的平均年增长率约为9.5%,这往往是中国奇迹。本文提出了一种新的理论模型,分析了中国技术和社会政治框架中中国现象增长的原因。在我们的新框架中,当代技术(T)决定了经济能够实现的目标;社会的目标(0)对其经济增长产生根本影响;实施社会目标的表现(P)在很大程度上决定了经济的增长率;而社会的稳定决定了经济增长的可持续性。中国的机构在最高框架中发挥了关键作用,以启动和维持中国过去四十年的快速增长。经济增长造成的社会政治变革可能会影响这些机构在未来促进经济增长的能力。

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