In Search of China's Development Model

In Search of China's Development Model

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This book examines the development model that has driven China's economic success and looks at how it differs from the Washington Consensus. Chinaa€™s Development Model (CDM) is examined with a view to answering a central question: given Chinaa€™s peculiar matrix of a socialist party-state juxtaposed with economic internationalization and marketization, what are the underlying dynamics and the distinctive features of the economic and political/legal/social dimensions of the CDM, and how do we properly characterize their interrelations? The chapters further analyse to what extent and under what circumstances is China's development model sustainable, and to what degree is it readily applicable to other developing countries. Based on their findings in this volume, the authors conclude that the defining feature of the CDMa€™s economic dimension is qJanus-faced state-led growth, q and the political/legal/social dimension of the CDM is best characterized as qadaptive post-totalitarianism.q The contributors illustrate that the CDMa€™s parameters are shown to be much less sustainable than the CDMa€™s outcome in developmental performance and the extent to which the CDM can be applied to other late-developers is subject to more qualifications than its sustainability.One observer, Joshua Cooper Ramo, labels what he sees as ChinaE¼s unique approach as the a€œBeijing Consensusa€ (BC, ... a more conventional development approach.1 RamoE¼s argument, which he detailed in an extended essay in 2004, anbsp;...

Title:In Search of China's Development Model
Author:S. Philip Hsu, Yu-Shan Wu, Suisheng Zhao
Publisher:Routledge - 2012-05-23


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