Made in China – Jagdish Bhagwati

Economist Jagdish Bhagwati reviews The Writing on the Wall by Will Hutton in the New York Times:

Is China now poised to turn the 21st century into its century? Or will it, despite its phenomenal nearly two-digit annual growth over the past 15 years, rejoin the human race with a slower economy? Or is it possible that its powerful locomotive will, as Japan’s did, shift into reverse gear?

Certainly, any number of popular writers believe China will only continue to go up and up, turning into a gigantic power. Some economists, like Richard Freeman and Alan Blinder, agree. Will Hutton, the former economics editor of the left-leaning British newspaper The Guardian, calls this the prevailing view, and in his interesting book “The Writing on the Wall,” he seeks to overturn it. [Full text]

Read more about the book via CDT.

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