How can developing economies escape from the trap of middle- or low-income status in which the majority has been for decades? Drawing lessons from the experiences of China, this column argues that an economically successful country must have the market as its foundation and on top of that the state playing an active, facilitating role.
Justin LinPeking University, China
Justin Yifu Lin is the Director of Center for New Structural Economics, Peking University. His research focuses on topics related to Economic Development. His obtained PhD in Economics from University of Chicago.