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Kindleberger Trap
  • Li Wei, Senior Fellow, Pangoal Institution

    Feb 13, 2017

    China’s role in global governance rests ultimately on its achievements in domestic governance: A government that is capable of effectively managing a country of 1.3 billion will certainly set an example for others to follow. By pursuing step-by-step reform of the system, rather than destroying it and replacing it with a brand-new one, and by providing continuity in the globalization process, China can help the world avoid pitfalls of the past.

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