Novos Estudos - CEBRAP
Print version ISSN 0101-3300
RODRIK, Dani. Abrindo espaço para a China na economia mundial. Novos estud. - CEBRAP [online]. 2011, n.89, pp. 59-68. ISSN 0101-3300. http://dx.doi.org/10.1590/S0101-33002011000100004.
The article suggests that economic growth of China (and other developing nations that have gotten hooked on trade surpluses or exports as their "engines of growth") depends on the output of tradables. Neither exports nor trade surpluses are key as long as domestic demand for tradables can be increased alongside the domestic supply.
Keywords : China; economic growth; currency undervaluation; industrial policy.