How does China's development affect the dynamics of global competition?

Ümit Akçay notes that China's development process has progressed in a broad, bold, and unequal manner. The use of weak institutions in market construction and the trial of different local practices have played a significant role in this process.

Akçay emphasizes that planning is a process that is continuously reconstructed in the face of crises and opportunities. This flexibility has been crucial in making China the world's manufacturing hub.

With the increase in global competition, the dimensions of social inequalities are also drawing attention. This situation is making planning a public issue once again.

Akçay states that planning forms that exclude democratic participation will lose their social legitimacy in the long run. Therefore, who determines economic planning is also of great importance.