Odd Arne Westad on how China First Joined the Global Capitalist Economy
Odd Lots
Bloomberg
4.4 • 1.6K Ratings
🗓️ 21 November 2024
⏱️ 50 minutes
🧾️ Download transcript
Summary
How did China become the economic behemoth that it is today? One pivotal moment was, obviously, it's ascension into the WTO. Prior to that, the era of reform under Deng Xiaoping was obviously crucial. But obviously no single event or turning point can really tell the story. In a groundbreaking new book -- The Great Transformation: China’s Road from Revolution to Reform -- historians Odd Arne Westad and Chen Jian tell the full story of how China went from being an impoverished, highly planned communist economy to the dynamic capitalist economy it is today. We spoke with Westad, a professor at Yale, about this book, and what people get wrong about China's big opening up.
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| 1:04.6 | Bloomberg Audio Studios. Podcasts, Radio News Hello and welcome to another episode of the Odd Lots podcast. I'm Joe Wisenthall. |
| 1:27.4 | And I'm Tracy Allaway. |
| 1:29.3 | Tracy, now that I'm like a middle-aged old man, I don't know, I've been getting really into reading history lately. |
| 1:36.3 | Is it Roman history? |
| 1:37.3 | No, no, it's actually worse than Roman history. |
| 1:39.3 | I've been reading a lot of 20th century history. |
| 1:42.3 | And the problem, well, one problem, there's a bit of a diversion, but one problem with reading |
| 1:46.8 | 20th century history is that I'm eventually going to have to get around to really learning |
| 1:51.7 | what World War II is all about. |
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