The global conditions of China's economic development: How does globalisation affect China in the context of Kornai's Frankenstein metaphor?
Journal: Acta Oeconomica
Year: 2023

Abstract The objective of this study is to identify how globalisation influences China and how China affects globalisation in the context of János Kornai's Frankenstein metaphor. Kornai (2019) felt moral responsibility for unwillingly contributing with his advice in the 1980s to the birth of a modern version of Frankenstein, the Monster which his creators could not control. A crucial guiding principle of this paper is how the US and the advanced democratic economies can respond to Kornai's dilem