Managed Chaos reads into the resounding events of Chinese politics and economy, ending the schizophrenia that the readers have lived with. It delves deep into both elements: the economic narrative that China has sustained a near 10 percent growth rate for 30 years and the political narrative that China is an increasingly fragile state, trapped in an incomplete transition from a totalitarian to a democratic market economy. For the first time, in his reading of China, the author consolidates this paradox by inferring that the cause behind both the growth and the political discontent is the politics of China.
Chapter 11: The Challenge Ahead
The Challenge Ahead
China can become the world's largest economy by 2050 as the BRICs report has predicted, but only if it traverses the next 42 years without mishap first. The story of China's growth narrated in the previous chapters suggests that this cannot be taken for granted. Nor does it suggest that China will not make it. It differs in significant respects from the one that has been told by liberal economists, who see in China's transformation a vindication of all their theories about the efficacy of the market. But it also differs from the one being told by a growing number of political scientists, who expect growth to falter because the country is too deeply mired in a corrupt and oppressive ...