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Why Has China Grown So Fast For So Long?$
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Khalid Malik

Print publication date: 2012

Print ISBN-13: 9780198078838

Published to Oxford Scholarship Online: September 2012

DOI: 10.1093/acprof:oso/9780198078838.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 17 September 2021

Towards a Transformative Framework

Towards a Transformative Framework

(p.71) 4 Towards a Transformative Framework
Why Has China Grown So Fast For So Long?

Khalid Malik

Oxford University Press

This chapter delves into the concept of ’development as transformation’ to explain the nature of the development process of an economy. As opposed to neoclassical thinking, this perspective takes into account a number of complex processes which are dynamic in nature such as leadership and vision, norms and values, rules and institutions, trust and cohesion. Once transformation becomes the focus, a long-term perspective to development becomes necessary. The chapter talks about the evolving nature of production itself driven by agents of transformation. The importance of national ownership and leadership is brought into the development framework. The macro relationship between the building of capacities—a broad term taking into account human capabilities, states and institutions, and social capital—and development is established. Finally, the importance of strong policies in contributing to an economy’s growth and stability are examined.

Keywords:   China, development as transformation, neoclassical, development framework, growth, stability, national ownership, leadership, human capabilities

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