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Economic Expansion of China: Determinants, Perspectives, Limits

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  • Kołodko Grzegorz W.

    (Polska Kozminski University in Warsaw,Warsaw, Poland)

Abstract

Two centuries ago, Asia delivered over 60 percent of world production; in the middle of the 20th century it was less than 20 percent. Currently, it is twice as large and this share is still increasing, above all but not only, because of China whose production is still growing at a rate twice as fast as the world average. China is trying to maintain high economic dynamics, inter alia, through investment external expansion. This aim is to be served, among others, by the infrastructure project, drawn up with enormous verve, known as the New Silk Road, which the Middle Kingdom addresses to 65 countries on three continents. While some hope for accelerating their own economic growth, others warn against the risk of becoming dependent on China. The article analyzes these challenges, pointing to the desired directions of irreversible evolution globalization by giving it a more inclusive character, which is also strongly emphasized by the Chinese authorities in their official enunciations.

Suggested Citation

  • Kołodko Grzegorz W., 2018. "Economic Expansion of China: Determinants, Perspectives, Limits," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 11(1), pages 7-19, March.
    • Handle: RePEc:vrs:ecoreg:v:11:y:2018:i:1:p:7-19:n:1
    DOI: 10.29316/ers-seir.2018.01
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    References listed on IDEAS

    as
    1. Huang, Yukon, 2017. "Cracking the China Conundrum: Why Conventional Economic Wisdom is Often Wrong," OUP Catalogue, Oxford University Press, number 9780190630034.
    2. Grzegorz W. Kolodko, 2014. "The New Pragmatism, or economics and policy for the future," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 64(2), pages 139-160, June.
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