China and Neighbourhood

Is China the New America?

0

Harold James

 

The pressure to engage in large-scale fiscal stimulation is also likely to alter the balance of China’s economic development. The Chinese model of capitalism is very different than that of the United States, and even before the economic crisis, there were two alternative models. The first was the rural, family, and small-business-based boom of the 1980s. But by the 1990s, some of the private-sector growth was being choked off by a rival vision of economic growth built around prestige projects and the large, state-owned enterprise sector. Consider Shanghai, which impressed many commentators as the most modern city in the world: Analysts of the Chinese economy have suggested it is one of the least entrepreneurial cities in China. Yasheng Huang, in his book Capitalism with Chinese Characteristics, described it as “a classic industrial-policy state.” The new stimulus package is likely to push the balance of Chinese development more decisively in this latter direction, toward state capitalism.

 

Excerpt reproduced with permission from Foreign Policy, www.foreignpolicy.com. Copyright 2009 Washingtonpost.Newsweek Interactive LLC. Read the full article at [http://www.foreignpolicy.com/story/cms.php?story_id=4778]

About the author / 

Admin

Leave a reply

You must be logged in to post a comment.

jga bookreview



cesran_unai


jga bookreview


jga bookreview


jga bookreview


jga bookreview


jga bookreview


jga bookreview


jga bookreview

CESRAN Blog

  • The inherent dangers of secrecy in the US foreign policy

    Since the Vietnam War, officials of the United States have increasingly abused the essential democratic safeguards of accountability and an informed citizenry in apparent attempts to protect themselves from being held accountable for their actions. They use secrecy and disinformation to prevent the American people from obtaining the information they need to evaluate their government’s…

  • 18th Issue of Political Reflection Magazine is Out Now!

    Vol. V | No. I – January-February-March 2019 To Download the Magazine Click Here… CONTENTS 05-06…..World News by Furkan Sahin 09-14…..The Ideological Potential of Climate Change: (Post) Politics in the Age of Global Warming by Miguel Angel Zhan Dai 15-18…..Yemen Civil War: A Conflict That Has Never Ended by Dr. I. Aytac Kadioglu 21-25…..NATO: The Shifting Sands of an Alliance by…

  • CESRAN International Named again amongst the Top Think Tanks in the World

    CESRAN International is pleased to announce that it has been named again amongst the world’s best think tanks. The 2018 Global Go To Think Tank Index ranked CESRAN International 141st among the World’s “Top Think Tanks in Western Europe” 76th among the World’s “Top Environment Policy Think Tanks” 152nd among the World’s “Top Foreign Policy…

  • New Issue is Out Now!

    Vol. IV | No. V – October-November-December 2018 To Download the Magazine Click Here… CONTENTS 04-06…..World News by Furkan Sahin  08-20…..Terrorism in Syria and Beyond: An Interview with Prof. Alain Gabon by Dr. Rahman Dag 22-24…..Erdogan’s Best Shot is Still in the West by Dr. Murat Ulgul 26-30…..Raqqa vs Kobani – Terrorism vs Revolution by Dr. Rahman Dag 32-34…..Future of…

  • Domestic Politics and the Design of International Institutions

    Abstract Scholars are increasing focused on how and why states design international institutions. International relations theories have historically guided research on these institutions, but have not provided adequate insights into the theoretical bases for their design. Rationalists’ theories of domestic politics offer an alternative approach to understanding institutional design. This study utilizes the positive theory…