TITLE:
Economic Basis of Chinese Miracle
AUTHORS:
Revaz Lordkipanidze
KEYWORDS:
Living Standard, Economic Base, Free Regional Zone, Optimal Regulation
JOURNAL NAME:
Theoretical Economics Letters,
Vol.15 No.1,
February
6,
2025
ABSTRACT: Using the example of the miraculous rise of the Chinese economy, the review study presents the author’s original vision for revealing the mechanisms of the fastest economic growth, which is so necessary for developing countries and even highly developed ones. The research, after multifactorial economic analysis and psychological interpretation of economic reform, the author comes to the conclusion that, given the optimal combination of free market mechanisms and regulation, without the Chinese phenomenon of talented hard work, such results would have been impossible to achieve.