The China miracle in a technological and socio-political framework—The role of institutions
China’s economy has grown at an average annual rate of around 9.5% in the past four decades, which is often hailed as the China Miracle. This paper proposes a new theoretical model to analyse the causes of China’s phenomenal growth in a technological and socio-political framework. In our new framewo...
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| Format: | Article |
| Language: | English |
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Routledge
2020
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| Online Access: | https://eprints.nottingham.ac.uk/63473/ |
| _version_ | 1848800023407493120 |
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| author | Ma, Qing-Ping |
| author_facet | Ma, Qing-Ping |
| author_sort | Ma, Qing-Ping |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | China’s economy has grown at an average annual rate of around 9.5% in the past four decades, which is often hailed as the China Miracle. This paper proposes a new theoretical model to analyse the causes of China’s phenomenal growth in a technological and socio-political framework. In our new framework, the contemporary technology (T) determines what an economy can achieve; the objective (O) of the society has a fundamental impact on its economic growth; the performance (P) in implementing the social objective largely determines the growth rate of the economy; and the stability (S) of the society determines the sustainability of the economic growth. China’s institutions have played key roles in the TOPS framework to initiate and sustain China’s rapid growth in the past four decades. Socio-political changes caused by economic growth might affect the capacity of these institutions to promote economic growth in future. |
| first_indexed | 2025-11-14T20:44:58Z |
| format | Article |
| id | nottingham-63473 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T20:44:58Z |
| publishDate | 2020 |
| publisher | Routledge |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-634732020-10-12T03:15:42Z https://eprints.nottingham.ac.uk/63473/ The China miracle in a technological and socio-political framework—The role of institutions Ma, Qing-Ping China’s economy has grown at an average annual rate of around 9.5% in the past four decades, which is often hailed as the China Miracle. This paper proposes a new theoretical model to analyse the causes of China’s phenomenal growth in a technological and socio-political framework. In our new framework, the contemporary technology (T) determines what an economy can achieve; the objective (O) of the society has a fundamental impact on its economic growth; the performance (P) in implementing the social objective largely determines the growth rate of the economy; and the stability (S) of the society determines the sustainability of the economic growth. China’s institutions have played key roles in the TOPS framework to initiate and sustain China’s rapid growth in the past four decades. Socio-political changes caused by economic growth might affect the capacity of these institutions to promote economic growth in future. Routledge 2020-09-23 Article PeerReviewed application/pdf en cc_by https://eprints.nottingham.ac.uk/63473/1/The%20China%20Miracle%20in%20a%20technological%20and%20socio%20political%20framework%20The%20role%20of%20institutions.pdf Ma, Qing-Ping (2020) The China miracle in a technological and socio-political framework—The role of institutions. Journal of Chinese Economic and Business Studies . pp. 1-20. ISSN 1476-5284 Beijing Consensus; China model; social objective; social stability; technological path; transaction cost http://dx.doi.org/10.1080/14765284.2020.1823146 doi:10.1080/14765284.2020.1823146 doi:10.1080/14765284.2020.1823146 |
| spellingShingle | Beijing Consensus; China model; social objective; social stability; technological path; transaction cost Ma, Qing-Ping The China miracle in a technological and socio-political framework—The role of institutions |
| title | The China miracle in a technological and socio-political framework—The role of institutions |
| title_full | The China miracle in a technological and socio-political framework—The role of institutions |
| title_fullStr | The China miracle in a technological and socio-political framework—The role of institutions |
| title_full_unstemmed | The China miracle in a technological and socio-political framework—The role of institutions |
| title_short | The China miracle in a technological and socio-political framework—The role of institutions |
| title_sort | china miracle in a technological and socio-political framework—the role of institutions |
| topic | Beijing Consensus; China model; social objective; social stability; technological path; transaction cost |
| url | https://eprints.nottingham.ac.uk/63473/ https://eprints.nottingham.ac.uk/63473/ https://eprints.nottingham.ac.uk/63473/ |