• William Overholt


March 17, 2023, Opinion: "China’s incredibly successful economic development brings two predicaments, one domestic and one foreign. Domestically, rapid development quickly makes the economy and society more complex. An agricultural economy with basic industries suddenly has thousands of interconnected industries, a complicated technology sector and a highly differentiated services sector. A complex economy brings with it a complex society. People who were satisfied by having enough to eat now want different things. This complex economy is much more difficult to manage centrally and hierarchically." Read Via the East Asia Forum