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1Transformation, Integration and Globalization Economic Research, TIGER at the Kozminski University in Warsaw
The great Chinese transformation: Chinism and the future of the world (article two)
| Ekon. teor. 2020; 3:5-23 | https://doi.org/10.15407/etet2020.03.005 |
ABSTRACT ▼
The huge leap made by the Chinese economy over the past four decades as a result of market reforms and openness to the world is causing fear in some and anxiety in others. Questions arise as to whether China’s economic success is solid and whether economic growth will be followed by political expansion. China makes extensive use of globalization and is therefore interested in continuing it. At the same time, China wants to give it new features and specific Chinese characteristics. This is met with reluctance by the current global hegemon, the United States, all the more so as there are fears that China may promote its original political and economic system, "Chinism", abroad. However, the world is still big enough to accommodate us all. Potentially, not necessarily. For this to happen, we need the right policies, which in the future must also include better coordination at the supranational level.
Keywords:transformation, globalization, economic system, Chinism, new pragmatism
JEL: F43, H1, N20, O50, P16
| Article in Russian (pp. 5 - 23) | Download | Downloads :176 |
| Article in Ukrainian (pp. 5 - 23) | Download | Downloads :323 |
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2. Brzezinski, Z. (2007). Second Chance: Three Presidents and the Crisis of American Superpower. New York.
3. Csaba, L. (1996). The Political Economy of the Reform Strategy: China and Eastern Europe Compared. Communist Economies and Economic Transformations, 8(1), 53-65.
doi.org/10.1080/14631379608427844
4. Deneen, P. J. (2018). Why Liberalism Failed. Yale University Press, New Haven and London.
doi.org/10.12987/yale/9780300223446.001.0001
5. Trump's world. The new nationalism (2016, Nov. 19). The Economist. Retrieved 15.05.2020 from www.economist.com/leaders/2016/11/19/the-new-nationalism
6. There is less trust between Washington and Beijing than at any point since 1979 (2020, May 9). The Economist. Retrieved 10.05.2020 from www.economist.com/united-states/2020/05/09/there-is-less-trust-between-washington-and-beijing-than-at-any-point-since-1979
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8. The World's Most Valuable Brand (2020). Forbes. Retrieved 10.05.2020 from www.forbes.com/powerful-brands/list/#tab:rank
9. Fukuyama, F. (2020, May 18). What Kind of Regime Does China Have? The American Interest. Retrieved 26.05.2020 from www.the-american-interest.com/2020/05/18/what-kind-of-regime-does-china-have/
10. Galbraith, J. K. (2014). The End of Normal: The Great Crisis and the Future of Growth. New York: Simon and Schuster.
11. Galbraith, J. K. (2018). Backwater Economics and New Pragmatism: Institutions and Evolution in the Search for a Sustainable Economics. TIGER Working Papers Series, 138. Kozminski University, Warsaw. Retrieved 12.05.2020 from www.tiger.edu.pl/TWP%20No.%20138%20--%20Galbraith.pdf/
12. Halper, S. (2010). The Beijing Consensus: How China's Authoritarian Model Will Dominate the Twenty-First Century. New York: Basic Books.
13. Huang, Y. (2017). Cracking the China Conundrum: Why Conventional Economic Wisdom Is Wrong. New York: Oxford University Press. doi.org/10.1093/oso/9780190630034.001.0001
14. Kissinger, H. (2011). On China. New York: Penguin Press.
15. Kolodko, G. W. (2000). From Shock to Therapy: The Political Economy of Postsocialist Transformation. Oxford - New York: Oxford University Press.
doi.org/10.1093/acprof:oso/9780198297437.001.0001
16. Kolodko, G. W. (2011). Truth, Errors and Lies: Politics and Economics in a Volatile World. New York: Columbia University Press. doi.org/10.7312/kolo15068
17. Kolodko, G. W. (2014). Whither the World: The Political Economy of the Future. Houndmills, Basingstoke, Hampshire: Palgrave Macmillan.
doi.org/10.1057/9781137465740 18. Kolodko, G. W. (2018). Socialism, Capitalism, or Chinism? Communist and Post-Communist Studies, 51(4), 285-298. Retrieved 10.05.2020 from tiger.edu.pl/CPCS_2018.pdf/;
doi.org/10.1016/j.postcomstud.2018.10.002
19. Kolodko, G. W. (2020a). China and the Future of Globalization: The Political Economy of China's Rise. Imprint: I.B. Tauris, London - New York - Oxford - New Delhi - Sydney.
doi.org/10.5040/9781788315487 20. Kolodko, G. W. (2020b). After the Calamity: Economics and Politics of the Post-Pandemic World. Polish Sociological Review, 2(210).
21. Kolodko, G. W. (2020c). From Economic Theory to Political Practice: The Quest for a Recipe for Development Success. Cambridge Scholars Publishing, Newcastle upon Tyne (forthcoming).
22. Kolodko, G. W., Rutkowski M. (1991). The Problem of Transition from a Socialist to a Free Market Economy: The Case of Poland. The Journal of Social, Political and Economic Studies, 16(2), 159-179.
23. Krastev, I., Holmes, S. (2019). The Light That Failed: Why the West Is Losing the Fight for Democracy. New York - London: Pegasus Books.
24. Lankov, A. (2013). The Real North Korea: Life and Politics in the Failed Stalinist Utopia. New York: Oxford University Press.
25. Lardy, N. R. (2014). Markets Over Mao: The Rise of Private Business in China, Peterson Institute of International Economies, Washington, DC.
26. Lardy, N. R. (2019). The State Strikes Back: The End of Economic Reform in China? Peterson Institute of International Economics, Washington, DC.
27. Lee, Kai-Fu (2018). AI Superpowers: China, Silicon Valley, and the New World Order. Boston.
28. Lin, J. Y. (2012). New Structural Economics: A Framework for Rethinking Development and Policy. The World Bank. Washington DC. doi.org/10.1596/978-0-8213-8955-3
29. Lin, J. Y. (2013). Against the Consensus. Reflections on the Great Recession. Cambridge University Press, New York. doi.org/10.1017/CBO9781139855709 30. Maçães, B. (2018). Belt and Road: A Chinese World Order. Hurts, London.
31. Medvedev, D., Piatkowski, M., Shahid, Y. (2020). Promoting Innovation in China: Lessons from International Good Practice. The World Bank Group, Washington, DC. Retrieved 12.05.2020 from documents.worldbank.org/curated/en/571611587708038991/pdf/Promoting-Innovation-in-China-Lessons-from-International-Good-Practice.pdf
32. Milanović, B. (2019). Capitalism, Alone: The Future of the System That Rules the World. The Belknap Press of Harvard University Press, Cambridge, Massachusetts-London, England.
doi.org/10.4159/9780674242852 33. Morris, I. (2010). Why the West Rules - for Now: The Patterns of History and What They Reveal about the Future. Profile Books, London.
34. Nuti, D. M. (2018). The Rise and Fall of Socialism. DOC Research Institute, Berlin. Retrieved 09.05.2020 from doc-research.org/2018/05/rise_and_fall_of_socialism/
35. Pei, M. (2016). China's Crony Capitalism: The Dynamics of Regime Decay. Harvard University Press, Cambridge, Massachusetts - London.
doi.org/10.4159/9780674974340 36. Phelps, Edmund S. (2013). Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change. Princeton University Press, New York.
doi.org/10.2307/j.ctt32bbrz
37. QS (2020). World University Ranking: Who Rules? QS Top Universities. Retrieved 14.05.2020 from www.topuniversities.com/university-rankings/world-university-rankings/2020
38. Rodrik, D. (2015). Economics Rules: Why Economics Works, When It Fails, and How To Tell The Difference. Oxford University Press, Oxford.
39. Sedlacek, T. (2011). Economics of Good and Evil: The Quest For Economic Meaning From Gilgamesh To Wall Street. Oxford University Press, Oxford - New York.
40. Shambaugh, D. (2016). China's Future. Polity Press, Cambridge, UK-Malden, MD.
41. Stiglitz, J. E. (2019). People, Power, and Profits: Progressive Capitalism for an Age of Discontent. W.W. Norton, New York - London.
42. Tirole, J. (2017). Economics of the Common Good. Princeton University Press, Princeton, New Jersey. doi.org/10.2307/j.ctvc77hng
43. Uhlig, H. (1986). Die Seidenstrasse. Antike Weltkultur zwischen China und Rom. Lübbe, Bergisch Gladbach.
44. UN (2019). World Population Prospects 2019. United Nations, Department of Economic and Social Affairs, Populations Dynamic, New York. Retrieved 08.05.2020 from population.un.org/wpp/Download/Probabilistic/Population/
45. UNDP (2019). Human Development Report: Beyond income, beyond averages, beyond today: Inequalities in human development in the 21st century. New York/ Retrieved 09.05.2020 from www.hdr.undp.org/sites/default/files/hdr2019.pdf/
46. Walicki, A. (1995). Marxism and the Leap to the Kingdom of Freedom: The Rise and Fall of the Communist Utopia. Stanford University Press, Stanford.
47. WEF (2019). The Global Competitiveness Report 2019", World Economic Forum, Geneva. Retrieved 10.05.2020 from www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf
48. World Bank (2020). Heavily indebted poor countries (HIPIC). Washington DC. Retrieved 12.05.2020 from data.worldbank.org/region/heavily-indebted-poor-countries-hipc
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