In China’s Economic Challenge: Unconventional Success, Albert Keidel examines the economic approaches responsible for China’s 40 years of rapid growth, suggesting how such strategies might be applied elsewhere. He discusses the government’s leadership role, success in poverty reduction, and international finance and trade experience. The book reviews why China’s success challenges the United States and the field of development economics. He describes how generous rural price and land-tenure reform in the 1980s caused a rural income boom that threatened urban subsidized livelihoods and underpinned consequent violence. China may face similar challenges moving forward, during the planned merger of the rural and urban work forces.
In an interview conducted on June 17, 2022, Albert Keidel analyzes the institutions and policies responsible for China’s successful development and possible future trajectory, examines the U.S.-China trade war, and considers the country’s economic prospects in light of COVID-19.