IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

China at the crossroads

Listed author(s):
  • Peter Hugh Nolan
Registered author(s):

    Since the late 1970s, China has enjoyed one of the most remarkable periods of economic growth ever seen. However, the country faces deep economic, ecological, political and social challenges. It is at the crossroads. In order to attempt to resolve the challenges, which path will China take? Will it turn towards 'primitive capital accumulation', 'free market democracy', 'backwards to Maoism' or 'use the past to serve the present'? This paper argues that the only path towards sustainable development is to look to the country's long history as a guide to building a socially just, stable, cohesive and prosperous society. If, by the 'Third Way', we mean a creative symbiotic interrelationship between state and market, then we can say that China practised its own 'Third Way' for two thousand years. This was the foundation of its hugely impressive long-run economic and social development. By taking the 'choice of no choice' for its own system survival, China's can contribute to global survival and sustainable development, by offering a beacon as an alternative to the US-dominated drive towards global free market fundamentalism.

    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.

    File URL:
    Download Restriction: Access to full text is restricted to subscribers.

    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.

    Article provided by Taylor & Francis Journals in its journal Journal of Chinese Economic and Business Studies.

    Volume (Year): 3 (2005)
    Issue (Month): 1 ()
    Pages: 1-22

    in new window

    Handle: RePEc:taf:jocebs:v:3:y:2005:i:1:p:1-22
    DOI: 10.1080/14765280500040327
    Contact details of provider: Web page:

    Order Information: Web:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:taf:jocebs:v:3:y:2005:i:1:p:1-22. 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: (Michael McNulty)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.