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A defining moment? China's social policy response to the financial crisis

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  • Arjan de Haan

    (Institute of Social Studies, The Hague, The Netherlands)

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    Abstract

    This paper discusses whether China's response to the 2008-2009 financial crisis is a 'defining moment', whether it is leading to a departure of China's export-driven development model and whether the large stimulus package is strengthening its social policies and leading towards a more egalitarian structure. Two years after the crisis, it seems China has been very successful in managing the crisis, reaffirming political legitimacy, monitoring potential social unrest and introducing a wide range of promotive measures, even though this did not imply the sudden shift to promotion of household consumption some observers were arguing for. Copyright © 2010 John Wiley & Sons, Ltd.

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    File URL: http://hdl.handle.net/10.1002/jid.1726
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    Bibliographic Info

    Article provided by John Wiley & Sons, Ltd. in its journal Journal of International Development.

    Volume (Year): 22 (2010)
    Issue (Month): 6 ()
    Pages: 758-771

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    Handle: RePEc:wly:jintdv:v:22:y:2010:i:6:p:758-771

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    Web page: http://www3.interscience.wiley.com/journal/5102/home

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    1. Filippov, Sergey & Kalotay, Kalman, 2009. "Foreign Direct Investment in Times of Global Economic Crisis: Spotlight on New Europe," MERIT Working Papers 021, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. Felix Salditt & Peter Whiteford & Willem Adema, 2007. "Pension Reform in China: Progress and Prospects," OECD Social, Employment and Migration Working Papers 53, OECD Publishing.
    3. Prasad, Eswar S., 2009. "Is the Chinese growth miracle built to last?," China Economic Review, Elsevier, vol. 20(1), pages 103-123, March.
    4. Fang Cai & Dewen Wang & Huachu Zhang, 2010. "Employment Effectiveness of China's Economic Stimulus Package," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 18(1), pages 33-46.
    5. Kaplinsky, Raphael & Messner, Dirk, 2008. "Introduction: The Impact of Asian Drivers on the Developing World," World Development, Elsevier, vol. 36(2), pages 197-209, February.
    6. Naude, Wim, 2009. "The Financial Crisis of 2008 and the Developing Countries," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
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    Cited by:
    1. Arjan de Haan, 2013. "The Social Policies of Emerging Economies: Growth and Welfare in China and India," Working Papers 110, International Policy Centre for Inclusive Growth.
    2. Yongjun Zhao, 2013. "China–Africa development cooperation in the rural sector: an exploration of land tenure and investments linkages for sustainable resource use," Environment, Development and Sustainability, Springer, vol. 15(2), pages 355-366, April.

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