Justin Yifu Lin, a professor at Peking University, discusses how China’s political system has played a crucial role in its economic development. He explains the hierarchical structure of government and the mobility of local officials, which allows them to accumulate and transfer valuable experience in organizing production and exports. This system has enabled China to capitalize on competitive advantages, particularly in manufacturing, leading to its position as the world’s largest exporter. Lin emphasizes the importance of understanding institutional impacts on economic growth and productivity.
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