CHINA, “AN ELEPHANT WHICH CAN NO LONGER BE IGNORED”

Banica Marian () and Banica Nicoleta
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Banica Marian: "I.C. Petrescu" Technological College &”Maria Teiuleanu” College of Economics.
Banica Nicoleta: "I.C. Petrescu" Technological College

Management Strategies Journal, 2018, vol. 41, issue 3, 6-11

Abstract: The present work approaches the problematic of world competition from the economic perspective, having as main actor a country which is at the same time modern and antique, comunist and capitalist, rich and poor, reformed and resistant to change, homogenous and diverse, repressive and independent, conservative and revisionist, passive and agressive, strong and weak – this is China. As it is named by Martin Jacques, China, “an elephant which can no longer be ignored”, this country managed to combine what seemed to be impossible – one country, two systems – making its presence felt in the economic world order and being considered the world’s second economic superpower after the USA in 2007 and the world’s first superpower in 2015 taking into account the purchasing power and its quota of the world’s GDP. In 2016, China surpasses the USA in the area of scientific research as well, by publishing over 426000 scientific works. The essay presents „The Economic Evolution of the Chinese Republic”, presenting the historical evolution of a culture and a civilisation, China’s involvement in the world’s economy, the strategic partnerships this country made with Russia, the EU and, of course, our country’s relationships with the Chinese Republic, since the latter represented until not long ago a model for the social organisation in Romania for the leaders of the political currents at that time.

JEL-codes: F02 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:41:y:2018:i:3:p:6-11

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