Economic Basis of Chinese Miracle

¹ Faculty of Health Care Economics and Management, University Geomedi, Tbilisi, Georgia

Abstract

Using the example of the miraculous rise of the Chinese economy, the review study presents the author’s original vision for revealing the mechanisms of the fastest economic growth, which is so necessary for developing countries and even highly developed ones. The research, after multifactorial economic analysis and psychological interpretation of economic reform, the author comes to the conclusion that, given the optimal combination of free market mechanisms and regulation, without the Chinese phenomenon of talented hard work, such results would have been impossible to achieve.

KeywordsLiving StandardEconomic BaseFree Regional ZoneOptimal Regulation

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Economic Basis of Chinese Miracle

Abstract

References (9)