Reform is hard in any country ??as can be seen from Italy to Brazil to India. Countries are very reluctant to impose short-term pain for long-term gain. China has been the exception to this rule. But now it faces its biggest test.
Success will suggest that there is still life in its unique brand of authoritarian capitalism and will extend the power of its ruling Communist Party. And if it fails? Well, China becomes just another emerging market with a model that worked ??for a while.
For more on this, read the Washington Post column
Source: http://globalpublicsquare.blogs.cnn.com/2013/07/20/can-china-reform-2/
small business saturday best cyber monday deals best cyber monday deals macaulay culkin
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.