HKS Affiliated Authors

Excerpt

China, Like the US, Faces Challenges in Achieving Inclusive Growth Through Manufacturing. Robert Lawrence, August 2019, Paper, "For more than three decades the goal of becoming “the factory of the world” has been at the core of China’s development strategy. The approach was to use the country’s abundant labor supply to attract foreign firms to assemble components imported mainly from Asia and to export finished products to advanced industrial countries, especially to the United States. This strategy, in combination with high rates of domestic investment and low rates of consumption, made Chinese production the most manufacturing intensive in the..." Link