Beijing Consensus Or Washington Consensus : What Explains China's Economic Success?

• Tác giả: Yang Yao
• Ngôn ngữ: eng
• Ký hiệu phân loại: 330 Economics
• Thông tin xuất bản: 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 298272
• Chủ đề: 1. arbitrage; 2. developing countries; 3. economic development; 4. economic efficiency; 5. Fiscal decentralization

Tóm tắt

China's remarkable economic growth is often attributed to strong government intervention that can mobilize large amounts of resources to clear any bottleneck to growth or institutional change. This approach is often referred to as the Beijing Consensus (BC) as compared to the Washington Consensus (WC): the former being a model of authoritarianism and heavy state involvement in the economy, the latter a model of neoliberal and market-oriented doctrines. But these characterizations are inaccurate.