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China: the End of the Outward-Oriented Growth Model

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Author Info

  • Guillaume Gaulier
  • Joaquim Jarreau
  • Françoise Lemoine
  • Sandra Poncet
  • Deniz Ünal

Abstract

China, which since the 1980s has developed a dynamic export sector in order to drive its economic development, was hit hard by the collapse in global demand in late 2008. This episode revealed the fragility of the Chinese growth model, which is currently at a crossroads, not only as a result of the global context but also owing to the internal tensions it has caused. The results of thirty years of economic openness, as evidenced by CEPII studies, show that China's outstanding successes on international markets also have adverse effects and cannot be deemed to constitute a long-term development strategy. CEPII analyses are now assessing the changes that may occur in Chinese supply and the need to refocus growth on internal demand.

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Bibliographic Info

Article provided by CEPII research center in its journal La Lettre du CEPII.

Volume (Year): (2010)
Issue (Month): 298 ()
Pages:

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Handle: RePEc:cii:cepill:2010-298

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Related research

Keywords: CHINA; GROWTH;

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Cited by:
  1. Robert Kappel, 2010. "On the Economics of Regional Powers: Comparing China, India, Brazil, and South Africa," GIGA Working Paper Series 145, GIGA German Institute of Global and Area Studies.

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