VIDEO: A View of Global Economic Challenges from China
Professor Xue focuses on China's perception of current global economic challenges in the context of the obstacles and prospects for transforming the G20 into a more effective and responsive mechanism for global governance. ©2012 Institute of International & European Affairs.

— Abstract

There has been much discussion about the “China Model” and to what extent it can be replicated. China’s success rests on three relationships: domestic and international, economic and governmental, and central and local. Implementing domestic reforms and opening up internationally created the conditions where adapting to international standards facilitated foreign direct investment and the exchange of ideas, which fostered further domestic reform. At the same time, economic and governance reforms were handled delicately, with particular attention paid to the pace of each process in order to maintain internal stability.

Also, a careful management of the evolving relationship between the central government and local governments was put in place. Adaptive learning during the policy making process has been critical throughout. Future challenges include: unfinished economic reforms, central government/civil society relations, environmental sustainability, and emerging global expectations.

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— Suggested Readings

Cai, Fang. (2010). “Demographic transition, demographic dividend, and Lewis turning point in China,” China Economic Journal, 3(2): 107-119.

Cassiolato, Jose E. 2013. Transnational Corporations and Local Innovation: BRICS National Systems of Innovation. London: Taylor & Francis Ltd. )  (Résumé en français disponible ici)

Ho, Samuel P.S., Paul Bowles, and Xiaoyuan Dong. 2003. "'Letting go of the small': an analysis of the privatisation of rural enterprises in Jiangsu and Shandong"Journal of Development Studies. 39 (4): 1-26.

Howell, Jude. (2004). Governance in China. Lanham, MD: Rowman & Littlefield.

Knight, John and Sai Ding (2012). China’s Remarkable Economic Growth. Oxford: Oxford University Press.

Lin, J. Y., & Treichel, V. (2012). Learning from China's rise to escape the middle-income trap: a new structural economics approach to Latin America. World Bank Policy Research Working Paper, (6165).

Lieberthal, Kenneth and David M. Lampton. (1992). Bureaucracy, Politics, and Decision Making in Post-Mao China. Berkeley, Los Angeles and Oxford: University of California Press.

Mazumdar, Dipak, and Sandip Sarkar. (2013). Manufacturing enterprise in Asia: size structure and economic growth. New York, NY: Routledge.

McMillan, J. and B. Naughton. (1992). “How to reform a planned economy: lessons from China,Oxford Review of Economic Policy, 8(1): 130-143. [PDF 150KB]