China’s economic transformation in the last 40 years has had a huge impact on the global economy. This unprecedented economic scenario has attracted a lot of interest, particularly from developing countries looking to emulate China’s success. The author considers the infant industry model to explain China’s rapid industrialization and subsequent economic rise and explains how China’s long-term approach and facilitative policies have enabled local industries to become competitive worldwide. It also discusses what countries like Pakistan can learn from the Chinese experience with regards to strengthening their industrial base.
Ali Haider Saleem
Mr Ali Haider Saleem graduated with a BSc in Economics from NUST and an MSc in Public Policy from Queen Mary University of London. He has worked at the National Defence University and Institute of Strategic Studies Islamabad. His research interests include sustainable development, regional integration, and security cooperation.