PODCAST: Hexapodia VIII: Þe China Syndrome!
PODCAST: Hexapodia VIII: Þe China Syndrome!
Five key insights: Hexapodia!, of course. Also: listen to Dan Wang & to Barry Eichengreen, China's slowing migration to the coast looks like a significant error, & China looks not that different...
…from the rest of coastal East Asia when looked at in comparative context:
Today Noah Smith & Brad DeLong talk about China, the Taiwan Semiconductor Manufacturing Corporation, Wilhelmine Germany before WWI, & other topics. The key insights are: (1) we need to get Dan Wang on this podcast; (2) in the context of coastal East Asia after WWII, it does not look as though China has any special economic development sauce—it’s just so huge—(3) China’s land-policy slowdown of migration to the coast has made its economic development significantly slower, (4) Barry Eichengreen with his theories of middle-income growth slowdown looks very wise, and (5) hexapodia!
Regional Income Levels in China Today:
The Coast-Interior Divergence:
China Not That Special in Coastal East-Asian Context—Except for Being Very Large Indeed:
If anything, it is distinguished by its late takeoff:
The Three Chinas:
A 50-Million Malaysia, a 300-Million Thailand, and a 1-Billion Vietnam All Mashed Together:
References:
Kathrin Hille: TSMC: How a Taiwanese Chipmaker Became a Linchpin of the Global Economy <https://www.ft.com/content/05206915-fd73-4a3a-92a5-6760ce965bd9>
Barry Naughton: Growing Out of the Plan: Chinese Economic Reform 1978-1993 <https://www.google.com/books/edition/Growing_Out_of_the_Plan/LzzgQP0BX34C>
Noah Smith: China Is Very 20th Century <https://noahpinion.substack.com/p/china-is-very-20th-century>
Noah Smith: China Just Isn’t Very Popular <https://noahpinion.substack.com/p/china-just-isnt-very-popular>
Noah Smith: Invincible Empire?: ‘Can China’s Neighbors Resist Its Overwhelming Power? <https://noahpinion.substack.com/p/invincible-empire>
Joe Studwell: How Asia Works: Success & Failure in the World’s Most Dynamic Region <https://www.google.com/books/edition/How_Asia_Works/dNs33Q1cAX0C>
TSMC: TSMC <https://www.tsmc.com/english>
&:
Vernor Vinge: A Fire Upon the Deep <https://books.google.com/books?id=fCCWWgZ7d6UC>
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