Determinants of Global Competitiveness of Chinese Economy

Elmas Karabıyık
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Elmas Karabıyık: Marmara University, Istanbul, 34722, Turkey

International Journal of Research in Business and Social Science (2147-4478), 2015, vol. 4, issue 1, 66-86

Abstract: The Chinese economy has reached approximately average annual growth of 9% after economic reform era that began in 1978. This economic development miracle resulted from by exploiting the economic potential of internal factors in a complimentary external environment. Main aim of this study is to investigate the determinants of the global competitiveness of Chinese economy by considering economic development process of the Chinese economy and World Economic Forum the Global Competitiveness Index. It is vital to understand the determinants of global competitiveness for the Chinese economy in order to achieve sustainable economic development path in the highly competitive world economy conditions. The result of the study shows that the Chinese economy has strong global competitiveness indicators beside some problematic indicators. The Chinese economy is becoming more competitive by improving bottlenecks and structural problems. On the other hand the Chinese economy have to transform from cheap labour-intensive competitive advantage into high-tech innovative country with high qualified human capital in order to achieve sustainable economic growth in the long term. Key Words:Chinese Economy, Global Competitiveness, Determinants, Economic Growth

Date: 2015
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