Should China’s Economic Policy Be Resisted?
DOI:
https://doi.org/10.52459/jowett1261121Keywords:
China, Economic Policy, Public Opinion, USA, World EconomyAbstract
China's economic policies were transformed during the reform period that started in 1979, when the most populated country in the world adopted market-based reforms. Currently, China not only has grown to become the second largest and mid income economy in the world from one of the world's poorest countries, but also actively advances the free trade policy and fills the developing niches, although the latter has caused some concerns. The Chines active economic policy along with its economic and political strengthening in addition to the tensions with the United States rise the question whether the Chinese economic policy should be resisted? This paper analyses the different aspects of China’s economic policy and intents to answer the question based on the importance of the Chinese role in the world economy and development while the public opinion toward China’s economic strengthening has been considered as well.
Cite this paper:
Pospelov Valentin. K.; Mironova Valentina N.; Chuvakhin Petr I. (2021). "Should China’s Economic Policy be resisted?" Journal of World Economy: Transformations & Transitions (JOWETT) 1(02):06. DOI: https://doi.org/10.52459/jowett1261121
Metrics
References
AEIR, (2021). Asian Economic Integration Report 2021. Making digital platforms work for Asia and the Pacific. February 2021. Asian Development Bank. DOI: http://dx.doi.org/10.22617/TCS210048-2
Bora Ly; John Kwame Boateng (Reviewing editor) (2021). "China Quest for global governance overhaul", Cogent Social Sciences, 7:1, DOI: 10.1080/23311886.2021.1932031
Boylan, B.M.; McBeath, J.; Wang, B. (2021). "US–China Relations: Nationalism, the Trade War, and COVID-19". Fudan J. Hum. Soc. Sci. 14, 23–40 . https://doi.org/10.1007/s40647-020-00302-6
Burns William J. (2020). “The United States Needs a New Foreign Policy”, Carnegie Endowment for International Peace, 14.07.2020. Available at: https://carnegieendowment.org/2020/07/14/united-states-needs-new-foreign-policy-pub-82295
CGTN, (2017). Full Text of Xi Jinping keynote at the World Economic Forum. Available at: https://america.cgtn.com/2017/01/17/full-text-of-xi-jinping-keynote-at-the-world-economic-forum
Frenkel, M.; Ngo, T. Das (2021). "RCEP-Abkommen und dessen Bedeutung für die EU". Wirtschaftsdienst 101, 432–438 (2021). https://doi.org/10.1007/s10273-021-2938-x
Grabow, Colin (2017). "Responsible Stakeholders: Why the United States Should Welcome China's Economic Leadership". Cato Institute Policy Analysis, (821). Available at: http://wwwghanapolitics.blogspot.com/2017/10/cato-institutecolin-crabow-responsible.html
Green, Michael J.; Bush, Richard C.; Rapp-Hooper, Mira (2017). “Joint US-China Think Tank Project on the Future of US-China Relations: An American Perspective”, Center for Strategic and International Studies, July 2017, Available at: https://csis-website-prod.s3.amazonaws.com/s3fs-public/publication/170705_US_Report.pdf?V2dPire5xBHPlSp7nx4df9qrtYbs5F4Y.
Kazushi Shimizu (2021). "The ASEAN Economic Community and the RCEP in the world economy", Journal of Contemporary East Asia Studies, 10:1, 1-23, DOI: 10.1080/24761028.2021.1907881
Levada (2021). Russian-Chinese Interrelations, Survey by Analytical Center Levada, 30.03.2021. Available at: https://www.levada.ru/2021/03/30/rossijsko-kitajskie-otnosheniya/
McKinsey, (2016) Joe Ngai, Kevin Sneader, and Cecilia Ma Zecha,“China’s One Belt, One Road: Will It Reshape Global Trade?” McKinsey& Company, Hong Kong, July 2016. Available at: https://www.mckinsey.com/featured-insights/china/chinas-one-belt-one-road-will-it-reshape-global-trade .
Mohan Giles (2020). "Below the Belt? Territory and Development in China’s International Rise" Development and Change 52(1): 54–75. DOI: 10.1111/dech.12612
Obama Barack, (2016). “The TPP Would Let America, Not China, Lead the Way on Global Trade,” Washington Post, May 2, 2016, https://www.washingtonpost.com/opinions/president-obama-the-tpp-would-let-america-not-china-lead-the-way-on-global-trade/2016/05/02/680540e4-0fd0-11e6-93ae-50921721165d_story.html?utm_term=.037bc3a6cb05
Peters, Michael A. (2021). "US-China relations: Towards strategic partnerships", Educational Philosophy and Theory, DOI: 10.1080/00131857.2021.1937994
Silver, L.; Devlin, K.; Huang, C.; Pew Research Center. (2019). "China's Economic Growth Mostly Welcomed in Emerging Markets, But Neighbors Wary of Its Influence: US Still Seen as World's Leading Economic Power". Pew Research Center. Available at: https://www.pewresearch.org/global/2019/12/05/chinas-economic-growth-mostly-welcomed-in-emerging-markets-but-neighbors-wary-of-its-influence/
Yasuyuki Sawada, (2020). "The Regional Comprehensive Economic Partnership will likely shape the future of trade in Asia and beyond". China Daily Global 18.12.2020. Available at: http://www.chinadaily.com.cn/a/202012/18/WS5fdbecb9a31024ad0ba9c821.html
Zhang, D.; Lei, L.; Ji, Q.; Kutan, A. M. (2019). "Economic policy uncertainty in the US and China and their impact on the global markets". Economic Modelling, 79, 47-56. DOI: https://doi.org/10.1016/j.econmod.2018.09.028
Downloads
Published
Issue
Section
License
Copyright (c) 2021 Valentin K. POSPELOV, Valentina N. MIRONOVA , Petr I. CHUVAKHIN
This work is licensed under a Creative Commons Attribution 4.0 International License.
