Two Dragon Heads : Contrasting
Development Paths for Beijing and Shanghai
In broad terms, the sources of economic
growth are well understood, but relatively few countries
have succeeded in effectively harnessing this knowledge for
policy purposes so as to sustain high rates of growth over
an extended period of time. Among the ones that have done
so, China stands out. Its gross domestic product (GDP)
growth rate, which averaged almost 10 percent between 1978
and 2008, is unmatched. Even more remarkable is the