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

  • Arjan de Haan

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

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    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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    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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    1. Prasad, Eswar S., 2009. "Is the Chinese growth miracle built to last?," China Economic Review, Elsevier, vol. 20(1), pages 103-123, March.
    2. 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).
    3. 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.
    4. Felix Salditt & Peter Whiteford & Willem Adema, 2007. "Pension Reform in China: Progress and Prospects," OECD Social, Employment and Migration Working Papers 53, OECD Publishing.
    5. 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.
    6. 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).
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