Directed social economics: China's complicated growth story

Girish Jakhotiya ()

MPRA Paper from University Library of Munich, Germany

Abstract: The entire globe has, in varying measures, experienced the good and the bad impact of China’s growth story this past decade. China is hastening to project itself such that, it be viewed as the ‘global growth engine’. Whether duly or unduly, like secretly many a country would want to, China is rushing all out to replace USA from the foray and become the sole unparalleled global leader. The Chinese have already compromised with Russia, by signing a long-term contract for oil supply. China’s economic numbers and the trend displayed so far, reasonably indicates its hunger for growth. China is ambitious to grow vertically on the economic scale and horizontally on the geographic scale. This is what is likely to spell disaster for the world, especially for the democratic countries.

Keywords: China; Communist Party; Communism; Capitalism; Global Turbulence; Development; Democracy; Growth; Geo-political (search for similar items in EconPapers)
JEL-codes: E66 F51 O11 (search for similar items in EconPapers)
Date: 2019-06-27
New Economics Papers: this item is included in nep-mac and nep-tra
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