He also claims that moving from Government spending fuelled economic growth to domestic spending increases citizens desire for greater say in running the country.
Financial Times, 10:36pm Wednesday February 1st, 2012
Our ignorance will yield more crises
By Kenneth Rogoff
The idea that Chinese capitalism provides a blueprint for the rest of the world economy is an absurd exaggeration, writes Kenneth Rogoff
Read the full article at: http://www.ft.com/cms/s/0/c1ab8ede-4cc3-11e1-8b08-00144feabdc0.html