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China and World Development beyond the Crisis

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  • Dic Lo

    () (Department of Economics, SOAS, University of London, UK)

Abstract

Recent international opinions on China and world development have focused on the Sino-US economic nexus. The neo-liberal theory of "China causing global imbalances" claims that the particular way through which China has integrated itself into the world market is to the detriment of the economies of the advanced countries. The critical theory of "China facing internal and external dependence", in contrast, claims that the real victim has been the economic development of China itself and the majority of developing economies. The objective of this paper is to clarify the analytical efficacy of these two theories, and, on that basis, to assess the validity of their implied policies. The paper also seeks to explore into the construction of an alternative policy line that suits better the needs of the social and economic development of China and the developing world.

Suggested Citation

  • Dic Lo, 2010. "China and World Development beyond the Crisis," Working Papers 167, Department of Economics, SOAS, University of London, UK.
  • Handle: RePEc:soa:wpaper:167
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    File URL: http://www.soas.ac.uk/economics/research/workingpapers/file63671.pdf
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    References listed on IDEAS

    as
    1. Andrew Martin Fischer, 2010. "Is China turning Latin? China's balancing act between power and dependence in the lead up to global crisis," Journal of International Development, John Wiley & Sons, Ltd., vol. 22(6), pages 739-757.
    2. Jenkins, Rhys & Peters, Enrique Dussel & Moreira, Mauricio Mesquita, 2008. "The Impact of China on Latin America and the Caribbean," World Development, Elsevier, vol. 36(2), pages 235-253, February.
    3. Dic Lo, 2007. "China’S Quest For Alternative To Neo-Liberalism: Market Reform, Economic Growth, And Labor," Working Papers 153, Department of Economics, SOAS, University of London, UK.
    4. Thomas I. Palley, 2005. "External Contradictions of the Chinese Development Model: Export-led Growth and the Dangers of Global Economic Contraction," Working Papers wp101, Political Economy Research Institute, University of Massachusetts at Amherst.
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    Cited by:

    1. Assefa, Thomas & Minten, Bart J., 2015. "Can agricultural traders be trusted? Evidence from Ethiopia," 2015 Conference, August 9-14, 2015, Milan, Italy 210964, International Association of Agricultural Economists.

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    Keywords

    global imbalances; world developmental; China;

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