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Debating China's economic growth: the Beijing consensus or the Washington consensus

Huang, Yasheng - ;

This paper presents two competing views on China's growth experience over the past three decades. For the sake of illustrative ease and brevity I label these two opposing views as the Beijing Consensus and the Washington Consensus. The Beijing Consensus interprets China's economic growth as a function of innovations in the state sector, including close financial controls, state ownership of firms, and political controls in favor of economic growth. The Washington Consensus views China's experience much the same as growth experiences elsewhere—that is, as a result of financial liberalization, private entrepreneurship, and political opening. Contrary to the established views among China scholars, this paper argues that the Washington Consensus view fits with the Chinese growth experience better.


Ketersediaan

Call NumberLocationAvailable
AMP2402PSB lt.dasar - Pascasarjana1
PenerbitBriarcliff Manor, NY: Academy of Management 2010
EdisiVol. 24, No. 2, May 2010
SubjekFinancial liberalization
Economic reforms
washington consensus
China's economic growth
Beijing Consensus
state sector innovations
ISBN/ISSN15589080
KlasifikasiNONE
Deskripsi Fisik17 p.
Info Detail SpesifikAcademy of Management Perspectives
Other Version/RelatedTidak tersedia versi lain
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  • Debating China's Economic Growth: The Beijing Consensus or The Washington Consensus
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