A container truck drives in the container area at the Yangshan Deep Water Port, part of the newly announced Shanghai Free Trade Zone, south of Shanghai (REUTERS/Carlos Barria).
Paper
China's Economic Rebalancing and Lessons from Japan, South Korea and Taiwan
October 2, 2013, David Dollar
China’s senior leaders have spoken for some time about the need to rebalance the economy away from such heavy reliance on exports and investment, towards internal consumption. This working paper by David Dollar examines the earlier development experiences of Japan, South Korea, and Taiwan in order to shed light on the questions of whether China really needs to rebalance towards consumption and how it might be accomplished.