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China: Workshop of the world?

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  • Jonathan Story

Abstract

Because China's transformation process is complex and remains open-ended, there are many partial answers provided to the many questions asked by foreign observers and Chinese people alike about where China is heading. The argument here is that it is wrong to assert China's coming collapse, just as it is not correct to assert that the dynamics so visibly at work in China will lead to China becoming the world's workshop. It is closer to the truth to maintain that the dynamics at work in China can lead in any direction, and that the necessary, let alone the sufficient conditions for them leading to a desirable outcome are daunting, but not impossible to achieve. This article suggests both necessary and sufficient conditions for China to emerge as the world's workshop, and then looks forward to assess whether we may expect regime change or political development.

Suggested Citation

  • Jonathan Story, 2005. "China: Workshop of the world?," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 3(2), pages 95-109.
  • Handle: RePEc:taf:jocebs:v:3:y:2005:i:2:p:95-109 DOI: 10.1080/14765280500119973
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    References listed on IDEAS

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    1. Huang, Jikun & Rozelle, Scott & Martin, William J. & Liu, Yu, 2007. "Distortions to Agricultural Incentives in China," Agricultural Distortions Working Paper 48478, World Bank.
    2. Jikun Huang & Scott Rozelle & Yuping Xie, 2003. "Distortions at the Border; Integration Inland: Assessing the Effect of WTO Accession on China's Agriculture," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 1(1), pages 97-116.
    3. Christopher Findlay, 1997. "Grain Sector Reform in China," Chinese Economies Research Centre (CERC) Working Papers 1997-01, University of Adelaide, Chinese Economies Research Centre.
    4. Jikun Huang, 2000. "Responsiveness, Flexibility, and Market Liberalization in China's Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(5), pages 1133-1139.
    5. Huang, Jikun & Chen, Chunlai, 1999. "Effects of Trade Liberalization on Agriculture in China: Commodity Aspects," Working Papers 32665, United Nations Centre for Alleviation of Poverty Through Secondary Crops' Development in Asia and the Pacific (CAPSA).
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    Cited by:

    1. Yu, J. & Nijkamp, P., 2008. "Ownership, R&D and productivity change : assessing the catch-up in China’s high-tech industries," Serie Research Memoranda 0010, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.

    More about this item

    Keywords

    Transition; globalization; political development; marketization; Jel Classifications: B52; F0; F23; P20;

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
    • F0 - International Economics - - General
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General

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