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China and World Development beyond the Crisis

Author

Listed:
  • Dic Lo

    (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.

Suggested Citation

  • Dic Lo, 2010. "China and World Development beyond the Crisis," Working Papers 167, Department of Economics, SOAS University of London, UK.
    • Handle: RePEc:soa:wpaper:167
    as

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    File URL: https://www.soas.ac.uk/sites/default/files/2022-10/economics-wp167.pdf
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    References listed on IDEAS

    as
    1. Andrew Martin Fischer, 2010. "Is China turning Latin? China's balancing act between power and dependence in the lead up to global crisis," Journal of International Development, John Wiley & Sons, Ltd., vol. 22(6), pages 739-757.
    2. Jenkins, Rhys & Peters, Enrique Dussel & Moreira, Mauricio Mesquita, 2008. "The Impact of China on Latin America and the Caribbean," World Development, Elsevier, vol. 36(2), pages 235-253, February.
    3. Fischer, A.M., 2010. "Is China turning Latin?," ISS Working Papers - General Series 19431, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    4. Dic Lo, 2007. "China’S Quest For Alternative To Neo-Liberalism: Market Reform, Economic Growth, And Labor," Working Papers 153, Department of Economics, SOAS University of London, UK.
    5. Thomas I. Palley, 2005. "External Contradictions of the Chinese Development Model: Export-led Growth and the Dangers of Global Economic Contraction," Working Papers wp101, Political Economy Research Institute, University of Massachusetts at Amherst.
    6. Rhys Jenkins, 2008. "Measuring the Competitive Threat from China for other Southern Exporters," The World Economy, Wiley Blackwell, vol. 31(10), pages 1351-1366, October.
    7. Rhys Jenkins, 2008. "Measuring the Competitive Threat from China," WIDER Working Paper Series RP2008-11, World Institute for Development Economic Research (UNU-WIDER).
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Assefa, Thomas & Minten, Bart J., 2015. "Can agricultural traders be trusted? Evidence from Ethiopia," 2015 Conference, August 9-14, 2015, Milan, Italy 210964, International Association of Agricultural Economists.

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