China’s Economic Transformations (Federico Pachetti)

Western non-governmental organizations such as the World Bank played a crucial role in China’s economic reforms during the 1980s and 1990s. They facilitated dialogues between Chinese economists and their western counterparts, as well as brought in western known-how on free market economy to China, where Soviet-style planned economy had dominated the economic activities since the 1950s. In this podcast, Dr. Federico Pachetti (RECET) and Dr. Sheng Peng (RECET) discuss both the expectations and realities, which western NGOs faced during their participation in China’s great economic transformations.

Federico Pachetti is an associated researcher at RECET and a post-doctoral fellow at Corvinus Institute of Advanced Studies (CIAS), Budapest. Previously, he held positions at New York University (NYU) Shanghai and at London School of Economics (LSE). Federico researches and teaches 20th century international history, with a focus on how shifting dynamics in global political economy shaped the evolution of Sino-American relations during the final decades of the century.