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Developing or Under-developing? Implications of China’s ‘Going out’ for Late Development

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  • Dic Lo

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

Abstract

Since the turn of the century, China’s influence on world development has increased enormously. This paper seeks to analyse major attributes of the influence of China’s “going out†, centring on the argument that the influence has been in the main conducive to the rest of the developing world. Specifically, this paper offers a critique of relevant, popular theses such as “China’s neoliberalization crowds out world development†, “China under-cuts the conditions of the world’s working class†, and “China exhibits a tendency towards imperialism†, etc. It is argued that, in the context of a neoliberal world economy that is increasingly speculation-oriented, China’s production-oriented activities can be seen as an important countervailing force. Whether this China influence is to continue to be conducive to world development in the future, or to turn to become detrimental, depends critically on the broader political-economic context.

Suggested Citation

  • Dic Lo, 2016. "Developing or Under-developing? Implications of China’s ‘Going out’ for Late Development," Working Papers 198, Department of Economics, SOAS University of London, UK.
    • Handle: RePEc:soa:wpaper:198
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    File URL: https://www.soas.ac.uk/sites/default/files/2022-10/economics-wp198.pdf
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    References listed on IDEAS

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    Cited by:

    1. Yue Teng & Dic Lo, 2019. "Determinants of Developing Countries' Export Upgrading: The Role of China and Productive Investment," Working Papers 227, Department of Economics, SOAS University of London, UK.

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    More about this item

    Keywords

    China; trade; investment; world development;
    All these keywords.

    JEL classification:

    • F54 - International Economics - - International Relations, National Security, and International Political Economy - - - Colonialism; Imperialism; Postcolonialism
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General

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