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Kenneth Pomeranz

Kenneth Pomeranz is a professor of East Asian languages and civilisation at the University of Chicago and the author of The Great Divergence: China, Europe and the Making of the Modern World Economy, among other books.

China’s Capitalism

Kenneth Pomeranz, 18 February 2016

The reasons​ for China’s economic boom remain disputed. Chinese economic policy has changed repeatedly while high growth rates have continued. Commentators are clearer on what hasn’t happened than on what has: there has been only limited privatisation (as there was in 1990s Russia), no full embrace of factor markets (land can’t be privately owned; labour mobility is...

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