China and World Development beyond the Crisis

Dic Lo ()
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Dic Lo: Department of Economics, SOAS University of London, UK

No 167, Working Papers from Department of Economics, SOAS University of London, UK

Abstract: Recent international opinions on China and world development have focused on the Sino-US economic nexus. The neo-liberal theory of "China causing global imbalances" claims that the particular way through which China has integrated itself into the world market is to the detriment of the economies of the advanced countries. The critical theory of "China facing internal and external dependence", in contrast, claims that the real victim has been the economic development of China itself and the majority of developing economies. The objective of this paper is to clarify the analytical efficacy of these two theories, and, on that basis, to assess the validity of their implied policies. The paper also seeks to explore into the construction of an alternative policy line that suits better the needs of the social and economic development of China and the developing world.

Keywords: global imbalances; world developmental; China (search for similar items in EconPapers)
Pages: 25 pages
Date: 2010-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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