scholarly journals The basis and sustainability of the new growth model of the Chinese economy

2013 ◽  
Vol 65 (4) ◽  
pp. 423-443
Author(s):  
Miroslav Antevski
Keyword(s):  
Economic Growth ◽  
Growth Model ◽  
Driving Forces ◽  
Chinese Economy ◽  
Domestic Consumption ◽  
The Past ◽  
Cheap Labour ◽  
Chinese Model ◽  
The World ◽  
Combined Impact

The Chinese model of economic growth has produced impressive results in the past several decades, while the rates of economic growth and exports and imports growth have been the highest in the world. It has been based on cheap money, cheap labour and resources, while the investment basis has been high rates of reinvestment profits. The most dynamic sector of the Chinese manufacturing exports has been processing trade. For this reason, it is called export-led growth model. The new model, which was announced in 2011, should result in some change of the main driving forces of exports growth - apart from investments and exports, consumption should play a significant role. In this way, growth would be driven by a combined impact of primary, secondary and tertiary sectors, by stimulating of domestic consumption, improvement of investment mix, further industrialisation, urbanisation and modernisation of agriculture.

scholarly journals The great Chinese transformation: cynicism and the future of the world (article two)

2020 ◽  
Vol 2020 (3) ◽  
pp. 5-23
Author(s):  
Grzegorz W. Kolodko ◽  
Keyword(s):  
United States ◽  
Economic Growth ◽  
The United States ◽  
Chinese Economy ◽  
The Past ◽  
Chinese Characteristics ◽  
The World ◽  
The Future ◽  
The Right ◽  
Supranational Level

The huge leap made by the Chinese economy over the past four decades as a result of market reforms and openness to the world is causing fear in some and anxiety in others. Questions arise as to whether China’s economic success is solid and whether economic growth will be followed by political expansion. China makes extensive use of globalization and is therefore interested in continuing it. At the same time, China wants to give it new features and specific Chinese characteristics. This is met with reluctance by the current global hegemon, the United States, all the more so as there are fears that China may promote its original political and economic system, "cynicism", abroad. However, the world is still big enough to accommodate us all. Potentially, not necessarily. For this to happen, we need the right policies, which in the future must also include better coordination at the supranational level.

Chinism and the Future of the World

2020 ◽  
Vol 53 (4) ◽  
pp. 260-279
Author(s):  
Grzegorz W. Kolodko
Keyword(s):  
United States ◽  
Economic Growth ◽  
Economic System ◽  
The United States ◽  
Chinese Economy ◽  
The Past ◽  
Chinese Characteristics ◽  
The World ◽  
The Future ◽  
Supranational Level

The huge leap forward made by the Chinese economy over the past four decades as a result of market reforms and openness to the world is awe-inspiring for some and anxiety-inducing for others. Questions arise as to whether the foundations of Chinese economic success are sustainable and whether economic growth will be followed by political expansion. China makes great use of globalization and is therefore interested in its continuation. At the same time, it wants to give globalization new features, specific Chinese characteristics. This is met with the reluctance of the current global hegemon, the United States, even more so as fears arise that China may promote abroad its original political and economic system—Chinism. However, the world is still big enough to accommodate all of our systems. Potentially, not necessarily. What we need to make it happen is a proper policy, which, in the future, must also involve its better coordination at a supranational level.

Conclusion

2018 ◽  
pp. 337-346
Author(s):  
Rhys Jenkins
Keyword(s):  
Economic Growth ◽  
Chinese Economy ◽  
Sub Saharan Africa ◽  
Domestic Consumption ◽  
Economic Relations ◽  
Investment Projects ◽  
One Belt One Road ◽  
The Caribbean ◽  
Sub Saharan ◽  
The One

By way of conclusion, this chapter focusses on two issues. The first is how China’s relations with Sub-Saharan Africa (SSA) and Latin America and the Caribbean (LAC) are likely to be affected in the future by recent changes in the Chinese economy and its internationalization. Since 2012, the Chinese economy has been characterized by a ‘New Normal’ of slower economic growth and a rebalancing of the economy towards increased domestic consumption and less reliance on investment and exports. China also launched the One Belt, One Road (OBOR) initiative in 2013, which seeks to link China with other Asian countries and Europe through major investment projects. The second issue concerns the continuing tensions that derive from the asymmetric economic relations between China and the two regions and whether steps will be taken to resolve them.

scholarly journals Institutions for getting out of the way

2015 ◽  
Vol 12 (1) ◽  
pp. 53-61 ◽  
Author(s):  
RICHARD N. LANGLOIS
Keyword(s):  
Economic Growth ◽  
Commercial Activity ◽  
Proximate Cause ◽  
The Past ◽  
The World ◽  
The Relationship ◽  
The Way ◽  
Deirdre Mccloskey

AbstractIn ‘Max U versus Humanomics: a Critique of Neoinstitutionalism’, Deirdre McCloskey tells us that culture matters – maybe more than do institutions – in explaining the Great Enrichment that some parts of the world have enjoyed over the past 200 years. But it is entrepreneurship, not culture or institutions, that is the proximate cause of economic growth. Entrepreneurship is not a hothouse flower that blooms only in a culture supportive of commercial activity; it is more like kudzu, which grows invasively unless it is cut back by culture and institutions. McCloskey needs to tell us more about the structure of the relationship among culture, institutions, and entrepreneurship, and thus to continue the grand project begun by Schumpeter.

scholarly journals A comparative analysis between liberal democracy and the China and Vietnam model’s voting system

2019 ◽  
Author(s):  
Tung Manh Ho
Keyword(s):  
Economic Growth ◽  
Comparative Analysis ◽  
Liberal Democracy ◽  
Political Leaders ◽  
Viable Option ◽  
The Past ◽  
System P ◽  
The World ◽  
Voting System ◽  
The One

The current rise of populism in many democracies all over the world has raised questions about the ability of the “one person, one vote” system to produce the most competent leaders. Though the rise of populism is a recent phenomenon, many philosophers and political scientists in the past have questioned the wisdom of “one person, one vote” and proposed the alternative. In this paper, some of the arguments against liberal democracy’s voting system will be explored, followed by the model of China and Vietnam for choosing political leaders. These two countries, known for the ability to maintain an impressive level of economic growth consistently, can be argued to present an alternative to the liberal democracy's way. Whether the China (Vietnam) model is a viable option is an issue worthwhile of ethical consideration.

ICSID’s Relevance for Africa: A Symbiotic Bond Beyond Time 

2019 ◽  
Vol 34 (2) ◽  
pp. 519-541
Author(s):  
Prof Dr Mohamed S Abdel Wahab
Keyword(s):  
Economic Growth ◽  
Global Economy ◽  
Status Quo ◽  
Symbiotic Relationship ◽  
Belt And Road Initiative ◽  
African Continent ◽  
The Past ◽  
The World ◽  
The Status ◽  
Belt And Road

Abstract Africa's human, natural and legal diversity and wealth have always positioned the Continent as a desired investment destination. Historically, Africa contributed in shaping the ISDS system, and since the turn of the 21st Century, the Continent is witnessing considerable economic growth and is attracting many investors from around the world and especially China, which strengthens Africa's integration in the global economy. The past decade has also witnessed an increase in the number of BITs signed by African States, as well as in the number of investment legislations enacted and modernized. This article addresses the increase of investment in the African Continent, the new Belt and Road Initiative (BRI) and its potential for investments in the African Continent, sheds light on the status quo of the African arbitration landscape, provides an overview of the ICSID-Africa symbiotic relationship, emphasizes the uniqueness of the ICSID system in offering adequate dispute resolution schemes for investment disputes involving African parties and concludes by offering some concluding remarks and observations on the future of arbitration on the African Continent.

Evolution of the Structure of the American Economy

2005 ◽  
pp. 84-96 ◽  
Author(s):  
A. Porokhovsky
Keyword(s):  
Economic Growth ◽  
World Economy ◽  
Information Technologies ◽  
Economic Structure ◽  
The Past ◽  
The World ◽  
The Usa ◽  
American Economy

The author pays special attention to the USA leading positions in the world economy. The basic significance of traditional industries, first of all manufacturing, in the structure of the American economy and its evolution are underlined. The article analyzes in detail the increasing role of services including finance. Information technologies create new economic structure and new quality of economic growth. A reader learns from the article about sustainable reproduction role of business cycle in the past and present.

Debt & Trade: The View From Africa

Worldview ◽  
1985 ◽  
Vol 28 (1) ◽  
pp. 10-12
Author(s):  
Robert S. Browne
Keyword(s):  
Economic Growth ◽  
Evening News ◽  
The Past ◽  
The World

Prodded by flickering images on the evening news—images of human wastage and suffering on a scale difficult to conceive—the world's attention has finally been drawn to the tragic famine that has been plaguing Africa for the past two years. Meanwhile, another disaster is brewing in Africa, one the world may fail to recognize until it is too late to remedy. Unnoticed because of the more compelling nature of famine, and also because most of the world has had its own problems with recession and sluggish economic growth, Africa's economy has been deteriorating at an alarming rate for most of the last ten years.

Human Progress — And Collapse?

2005 ◽  
Vol 16 (3-4) ◽  
pp. 441-456 ◽  
Author(s):  
Wolfgang E. Kasper
Keyword(s):  
Economic Growth ◽  
Economic History ◽  
Recent Book ◽  
The Political ◽  
Structural Flexibility ◽  
The Past ◽  
Social Disintegration ◽  
The World ◽  
Development Institutions

Against the human experience of long-term stagnation and misery, the record of growing prosperity over the past two centuries, and in particular the last fifty years, is astounding. Economic growth owes much to the mobilisation of resources and structural flexibility, but this depends on the ‘software of economic development’ – institutions, which change slowly. Now, old fears and growth-impeding policies are being justified on environmental grounds. One example is Jared Diamond's recent book ‘Collapse’, which discusses the possibility of a swift descent of the world into social disintegration. To anyone familiar with long-term economic history and the theory of growth, the book is pure millennial pessimism. It could become self-fulfilling if environmentalist doomsayers win the political argument with the doers — the engineers, entrepreneurs and economists.

Why China Needs to Urgently Address its Rising Income Inequality

2013 ◽  
Vol 05 (04) ◽  
pp. 43-52
Author(s):  
John WONG
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
Structural Changes ◽  
Equal Access ◽  
Gini Coefficients ◽  
The Past ◽  
The World

Recently, China published its Gini coefficients for the past 10 years, which all exceeded the warning level of 0.4. China's inequality level is among the highest 10% of countries in the world. In fact, the sources of China's income inequality stemmed from the sources of China's economic growth. Long-term remedy requires fundamental structural changes like removing institutional biases against equality and providing a more equal access to educational and income-earning opportunities.

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