IR-India-Economy
By Arvind Panagariya
At the very least, the remarkable decentralization of economic authority in China—where over 50% of government spending is controlled by local bodies with sweeping powers over land, labour, and investment—and its focused development of over 600 internationally benchmarked cities deserved mention. Further, while the book does discuss China’s success under Deng Xiaoping, it stops short of unpacking the underlying drivers. While he had started empowering local governments soon after he took over in 1978, the early results were uneven.
Reviewed by: TCA Ranganathan