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China and World Development beyond the Crisis

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  • Dic Lo

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    (Department of Economics, SOAS, University of London, UK)

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    Abstract

    Recent international opinions on China and world development have focused on the Sino-US economic nexus. The neo-liberal theory of "China causing global imbalances" claims that the particular way through which China has integrated itself into the world market is to the detriment of the economies of the advanced countries. The critical theory of "China facing internal and external dependence", in contrast, claims that the real victim has been the economic development of China itself and the majority of developing economies. The objective of this paper is to clarify the analytical efficacy of these two theories, and, on that basis, to assess the validity of their implied policies. The paper also seeks to explore into the construction of an alternative policy line that suits better the needs of the social and economic development of China and the developing world.

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    File URL: http://www.soas.ac.uk/economics/research/workingpapers/file63671.pdf
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    Bibliographic Info

    Paper provided by Department of Economics, SOAS, University of London, UK in its series Working Papers with number 167.

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    Length: 25 pages
    Date of creation: Oct 2010
    Date of revision:
    Handle: RePEc:soa:wpaper:167

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    Keywords: global imbalances; world developmental; China;

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Jenkins, Rhys & Peters, Enrique Dussel & Moreira, Mauricio Mesquita, 2008. "The Impact of China on Latin America and the Caribbean," World Development, Elsevier, vol. 36(2), pages 235-253, February.
    2. Dic Lo, 2007. "China’S Quest For Alternative To Neo-Liberalism: Market Reform, Economic Growth, And Labor," Working Papers 153, Department of Economics, SOAS, University of London, UK.
    3. Andrew Martin Fischer, 2010. "Is China turning Latin? China's balancing act between power and dependence in the lead up to global crisis," Journal of International Development, John Wiley & Sons, Ltd., vol. 22(6), pages 739-757.
    4. Thomas I. Palley, 2005. "External Contradictions of the Chinese Development Model: Export-led Growth and the Dangers of Global Economic Contraction," Working Papers wp101, Political Economy Research Institute, University of Massachusetts at Amherst.
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