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Fri 01 Jan 2010Theories of 18th-century Irishman key in today's China
ECONOMICS:Richard Cantillon can provide assistance in unlocking the paradox of communist China and its entrepreneurial class, writes ANTOIN E MURPHY
ON A recent visit to Shanghai I was struck by the extent to which China has not only a vast population (1.3 billion people) but also a burgeoning population of entrepreneurs. There is a multiplicity of backstreet shops with entrepreneurs producing a wide range of goods. They are not alone. The suburbs are full of Chinese companies producing commodities for the global market, while the mushrooming of high-rise buildings suggests there are many rich entrepreneurs in the construction sector.
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