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Les limites de la croissance chinoise

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Author Info

  • Mylène Gaulard

Abstract

The Chinese investment rate reaches a world record in 2008, exceeding 45% of the GDP. However, this very strong accumulation process may be extremely dangerous for the continuation of the national investment. Most of the time, the emphasis is put on the importance of overproduction : Chinese industry often works at only 50% of its production capacities, what threatens the productivity growth. Nevertheless, this evolution of productivity has to be considered overall by the yardstick of the theory of the falling rate of profit, introduced by Karl Marx in the third book of Das Kapital.

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Bibliographic Info

Article provided by Armand Colin in its journal Revue Tiers Monde.

Volume (Year): n° 200 (2009)
Issue (Month): 4 ()
Pages: 875-893

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Handle: RePEc:cai:rtmarc:rtm_200_0875

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Web page: http://www.cairn.info/revue-tiers-monde.htm

Related research

Keywords: China; investment; overproduction; productivity; rate of profit; Argentina; transformation of economic system; privatisation; public firms; actors' strategy; system; social context;

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Cited by:
  1. Céline BONNEFOND, 2013. "Growth dynamics and conditional convergence among Chinese provinces: a panel data investigation using system GMM estimator," Cahiers du GREThA 2013-23, Groupe de Recherche en Economie Théorique et Appliquée.

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