New Book on China’s Economic Rise by UMass Economist Isabella Weber Launches with Online Panel Discussion May 27 Event featuring James K. Galbraith, Branko Milanović and R. Bin Wong will examine the economic reforms that turned China into a world leader
May 19, 2021
Isabella M. Weber
AMHERST, Mass. – When Chairman Mao died in 1976, China was one of the poorest countries in the world. Faced with the prospect of social collapse, the Communist Party leaders who succeeded Mao embarked on a series of bold economic reforms that lifted hundreds of millions of people out of poverty, produced annual growth rates exceeding 10% and transformed China into the world’s second-largest economy all while maintaining the Party’s monopoly on political power.
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Jared Murphy / 90.5 WESA
Although President Joe Biden’s actions on climate change have stirred anxieties about job loss in energy-producing states like Pennsylvania, a new report predicts that plans like Biden’s could create roughly a quarter-million jobs annually in the Commonwealth. And within hours after the report s release, local officials announced a small but symbolic down payment on green energy investment.
The 243,000 clean-energy jobs that could be created each year over the next decade in Pennsylvania are jobs across the board,” said Robert Pollin, a professor at the University of Massachusetts Amherst and one of the study’s authors.