Post-socialist transformation and growth regime: some comments about the Chinese case
Purpose - This paper attempts to show that Chinese post-socialist transformation has involved a deep change in growth regime. Design/methodology/approach - The authors begin by detailing the institutional background of the study: the Chinese post-socialist transformation. They compare growth regimes both in Maoist and post Maoist eras. Therefore, by using official data, the paper deals with the difficulties and challenges of the current growth regime. Findings - The new growth regime could be particularly difficult to manage regarding China's dependence on external demand in a context of low domestic demand. In particular, the main difficulty to which this growth regime could be confronted with concerns the occurrence of an external contraction in the US. The authors then try to assess why such an event may appear by providing a list of external risks to emphasize the economic vulnerability of China. Practical implications - This paper is essentially intended for Chinese policy-makers who wish to adopt a more balanced growth strategy in the long-run. Originality/value - The paper develops an alternative view on the macroeconomic situation of China. In particular, it insists on its vulnerability through external demand.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 7 (2008)
Issue (Month): 2 (December)
|Contact details of provider:|| Web page: http://www.emeraldinsight.com|
|Order Information:|| Postal: Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK|
Web: http://www.emeraldinsight.com/ijdi.htm Email:
When requesting a correction, please mention this item's handle: RePEc:eme:ijdipp:v:7:y:2008:i:2:p:120-135. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Virginia Chapman)
If references are entirely missing, you can add them using this form.