Hello,How do we relate the actions of China with Economic theory? Do we call this anti free trade or protectionism, as per the dependance theorists. A combination of foreign participation and government protection leading to a self sustaining development path?What do you feel? Is it the reluctance of Chinese Government to hand over economic power to multinationals, thereby allowing redistribution of resources to weaker areas?I see that recently China has undertaken a massive drive to industralize its internal areas. Traditionally, the coastal areas was where development took place. Shanghai, Guangzhou (pardon my spellings!) were isolated centers of development but now mainland China is setting up large Coke based petrochemical plants and feeder industries to support the economic growth.Would MNC’s have allowed such investments in weaker areas that show little potential for returns in the short time frame?Thanks.
