The Butterfly Effect in China's Economic Growth
From Socialist Penury Towards Marx's Progressive Capitalism
This book examines the butterfly effect in China's modern economic development during the period of 1978-2018. In chaos theory, the butterfly effect refers to a phenomenon that a butterfly flaps its wings in Okinawa, and subsequently a storm may ravage New York. Deng applied a trivial idea, called the market mechanism, to China's countryside in 1978. The idea has subsequently caused economic structural changes and fast growth in the economy with the largest population in human history. China's per capita GDP jumped from $100 in 1978 to over US$8,000 in 2018. Eight hundred million people have made a great escape from poverty. By 2018, China wa…
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Produktdetails
- ISBN: 978-981-1598-88-3
- EAN: 9789811598883
- Produktnummer: 34821182
- Verlag: Springer Singapore
- Sprache: Englisch
- Erscheinungsjahr: 2020
- Seitenangabe: 232 S.
- Masse: H21.6 cm x B15.3 cm x D1.7 cm 418 g
- Auflage: 1st ed. 2021
- Abbildungen: HC runder Rücken kaschiert
- Gewicht: 418
Über den Autor
Wei-Bin Zhang, Ph.D. (Umeå, Sweden), is Professor of Economics in Ritsumeikan Asia Pacific University (APU), Japan. His main research fields are nonlinear economic dynamics, growth theory, trade theory, East Asian economic development, and Confucianism. He has single-authorized about 360 academic articles (240 in peer-review international journals) and authorized 23 academic books in English by international publishing houses. Prof. Zhang is one of the editorial board members of 15 international journals.
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