long run economic growth

long run economic growth

Long run economic growth frequently is facilitated by protecting property rights; yet in China both land rights (when local governments confiscate farms in order to

build factories on the land) and intellectual property rights (both copyrights and patents of international companies) have been widely violated over the past 30

years, at the same time that the country has grown by nearly 10% per year over 30 years. How can this seeming paradox be explained? (Hint: it has to do with the stage

of economic growth.) Recently, China has been moving toward protection of intellectual property rights. Does this have to do with international presure, or with the

development of research & development capacity in China? (Hint: China last year applied for more international patents than the USA

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