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Post-global financial crisis: The measure of the “Beijing consensus” as a variety of capitalisms

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  • Killion, M. Ulric

Abstract

In order to explore the prospective effects of what hails as the Beijing consensus, a conceptualization arguably near-synonymous with Beijing’s export-oriented strategy, the Article first discusses the state of the Chinese economy in the post-global financial crisis era. After reviewing some key indicators of the country’s economy, the Article presents a comparison between a Washington and Beijing consensus, contrasting ideological meanings between these two consensuses, and then explores the measure of the Beijing consensus as a variety of capitalisms. By doing so the Article reveals the broader role of Beijing’s export-oriented strategy and its eventual relation to international capital’s industrial transformation and the prospective effects of a Beijing consensus. The Article concludes by presenting a prospectus of the Beijing consensus as a variety of capitalisms in the post-global financial crisis era. By presenting the Beijing consensus or even export-oriented strategy as an evolving model in this new era, China’s trade and finance models prospectively present a distinctive modeling of capitalism and its tools of trade and finance models.

Suggested Citation

  • Killion, M. Ulric, 2010. "Post-global financial crisis: The measure of the “Beijing consensus” as a variety of capitalisms," MPRA Paper 26382, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:26382
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    References listed on IDEAS

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    3. Hall, Peter A. & Soskice, David (ed.), 2001. "Varieties of Capitalism: The Institutional Foundations of Comparative Advantage," OUP Catalogue, Oxford University Press, number 9780199247752.
    4. Killion, M. Ulric, 2009. "Post-Subprime Crisis: China Banking and GATS Liberalization," MPRA Paper 13091, University Library of Munich, Germany.
    5. Dore, Ronald & Lazonick, William & O'Sullivan, Mary, 1999. "Varieties of Capitalism in the Twentieth Century," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 15(4), pages 102-120, Winter.
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    More about this item

    Keywords

    China; economy; export; capitalist; socialist; transformation;
    All these keywords.

    JEL classification:

    • F00 - International Economics - - General - - - General
    • P00 - Political Economy and Comparative Economic Systems - - General - - - General
    • F10 - International Economics - - Trade - - - General
    • Z00 - Other Special Topics - - General - - - General

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