China's external liberalization has been experimental and gradual, making it evolutionary rather than revolutionary. The empirical approach has allowed China to draw lessons from experiments, and subsequently establish or adapt the institution and administration system that are appropriate for the particular stage of liberalization. China's success suggests that the empirical approach is a useful and pragmatic approach to handle systemic reform in...
انظر المزيد
تفاصيل
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2005/11/01
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ورقة عمل (سلسلة مُرقمة)
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41856
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1
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1
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2010/7/01
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Disclosed
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External liberalization and the evolution of China's exchange system : an empirical approach
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foreign exchange