How China Made Its Great Leap Forward

Prof. Ronald Coase and Ning Wang write for the Wall Street Journal

China's post-Mao market transformation is one of the most dramatic and momentous events of our time. It has lifted hundreds of millions out of extreme poverty, freed one fifth of humanity from ideological radicalism, revived one of the oldest civilizations, and inspired all of us to explore the benevolence of the market.

Read the rest of the article (£) here.

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