China’s Politics of the Economically Possible
When sound economic advice is divorced from political reality, it probably will not be very useful advice. Unfortunately, that is true of the World Bank's impressive new report on China, which the country's one-party regime has a strong interest in ignoring.
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CLAREMONT, CALIFORNIA – When sound economic advice is divorced from political reality, it probably will not be very useful advice. The history of multilateral financial institutions like the International Monetary Fund and the World Bank is littered with well-intentioned and technically feasible economic policy prescriptions that political leaders ignored. But that has not stopped these institutions from trying.