Capitalism: East or West? (6)
By That is not to suggest that Chinese capitalism may not yet unravel. Because despite its strong fundamentals, “China has faced and continues to face very serious structural problems (Orlik, 2020).” Still, the system has held up astonishingly well thus far. Why is that? Orlik (2020) identifies four factors at play: (1) “China has underappreciated sources…
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