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Analyses China’s experience in import substituting industrialization (ISI), the trend towards export‐oriented industrialization (EOI) through expounding its economic performance and its policies from 1949 to 1995. Focuses on analysing the nature of two different development models: Mao’s closed economy and Deng Xiao Ping’s open‐door economy during this period. Discusses whether it is ISI or EOI that leads to development and economic growth in China.
Managerial Auditing Journal – Emerald Publishing
Published: Jun 1, 1997
Keywords: China; Economic growth; Foreign investment; International trade; Newly industrializing economies; Social market economy
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