Conclusion: Lessons for Contemporary China
This chapter brings together all of the findings of previous chapters in the context of institutional changes which have impacted on Japan’s economic development from pre-history to today. And also, what lessons China may learn from similar situations fac
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hina’s Economic Rise
Sangaralingam Ramesh
China’s Economic Rise Lessons from Japan’s Political Economy
Sangaralingam Ramesh Department for Continuing Education University of Oxford Oxford, UK
ISBN 978-3-030-49810-8 ISBN 978-3-030-49811-5 (eBook) https://doi.org/10.1007/978-3-030-49811-5 © The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2020 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG. The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
For my father and my mother, Nallathamby Sangaralingam and Pathmarani Sangaralingam, Inuvil and Karinagar, Ceylon. For their courage, dignity and their humility
Preface
This book is the fourth in a series of books by me which explores the economic and political rise of China and its consequences for China and the rest of the world. The first books of the series encompassed the two volumes of ‘China’s Lessons for India’. In Volume 1, The Political Economy of Development, the emphasis was on evaluating the economic and political past of China and the economic reform programme which started in 1978. In Volume 2, The Political Economy of Change, the emphasis was on how the economic reform programme impacted on the Chinese economy effecting its rise to become the world’s second largest economy by 2011 as well as its transition from a manufacturing-based economy to a knowledge economy. At this moment in time, the Chinese economy faces one of two future trajectories which also have historical precedents. The first of these historical precedents is the one in which China follows the path followed by Great Britain after it became the first country in the world to industrialise in the eighteenth century, subsequentl
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