Federalism and the Impetus for Reform in China

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clpstaff &clp articles

China's recent entry into the WTO raises the essential question of what has driven reforms.

By Sean M. Dougherty and Robert H. McGuckin, The Conference Board, New York

Most commentators on China emphasize that privatization has been a key component of the country's reforms. But in a recent study, The Conference Board shows that China's increasing reliance on market-enhancing federalism1 is a significant though less recognized factor in the success of the Chinese reform programme (McGuckin and Dougherty, 2002). In our opinion, in addition to its localization of economic decision-making, China's increasing integration into the global economy will help to accelerate economic restructuring and the liberalization programme.

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