El Karouni, Ilyess and Charles, Sébastien (2007): La transformation postsocialiste chinoise : ouverture économique et contrainte extérieure. Unpublished.
| PDF - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader 247Kb |
This article is an attempt to show that China's post-socialist transformation involved a change in its growth regime. Indeed, during the Maoist era, it took the form of a "forced growth" as theorized by Kornai (1972). In addition, "export aversion" was one of the main characteristics of Chinese external economic relations. Today, it is not the case anymore since China follows an export-led growth strategy. Nevertheless, this situation could be particularly difficult to manage with respect to its dependence on external demand in a context of low domestic-demand.
| Item Type: | MPRA Paper |
|---|---|
| Institution: | LABORATOIRE D'ÉCONOMIE DIONYSIEN - LED |
| Original Title: | La transformation postsocialiste chinoise : ouverture économique et contrainte extérieure |
| Language: | French |
| Keywords: | Changement institutionnel; transformation postsocialiste; Chine; export-led growth |
| Subjects: | F - International Economics > F1 - Trade > F19 - Other B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B52 - Institutional; Evolutionary P - Economic Systems > P3 - Socialist Institutions and Their Transitions > P33 - International Trade, Finance, Investment, and Aid |
| ID Code: | 3102 |
| Deposited By: | Ilyess EL KAROUNI |
| Deposited On: | 06. May 2007 |
| Last Modified: | 07. Nov 2007 02:58 |
| References: | Blecker, R. (2002), “The Balance-of-Payments-Constrained Growth Model and the Limits to Export-Led Growth”, in Davidson, P. (ed.), A Post Keynesian Perspective on the Twenty-First Century Economic Problems, Cheltenham, Edward Elgar. Blecker, R. (2003), “The Diminishing Returns to Export-Led Growth”, in Mead, W.R., Schwenninger, S.R. (Eds), The Bridge to a Global Middle Class: Development, Trade, and International Finance in the 21st Century, Boston, Kluwer Academic Publishers. Cass, D. (1965), “Optimum Growth in an Aggregative Model of Capital Accumulation”, Review of Economic Studies, vol. 32, 3, pp. 233-240. Erturk, K. (2001-2002), “Over Capacity and the East Asian Crisis”, Journal of Post Keynesian Economics, vol. 24, 2, pp. 253-277. Estiot, A. (2003), “Is the US Current Account Deficit a Black Hole?” Conjoncture BNP-Paribas, October. Felipe, J. (2003), “Is Export-Led Growth Passé? Implications for Developing Asia”, Working Paper, n° 48, Economics and Research Department, Asian Development Bank, Manila, Philippines. Felipe, J., Lim J. A. (2005), “Export or Domestic-Led Growth in Asia?” Asian Development Review, vol. 22, 2, pp. 35-75. Havrylchyk, O. (2005), “L’avancée des réformes bancaires chinoises”, La lettre du CEPII, n° 248, Septembre. Keynes, J.M. (1936), Théorie générale de l'emploi, de l'intérêt et de la monnaie, Paris, Gallimard. Kornai, J. (1972), Rush versus Harmonic Growth, Amsterdam-London, North-Holland Publishing Company. Kornai, J. (1979), “Resource-Constrained versus Demand-Constrained Systems”, Econometrica, vol. 47, 4, pp. 801-819. Kornai, J. (1986), “The Soft Budget Constraint”, Kyklos, vol. 39, 1, pp. 3-30. Kornai, J. (1992), The Socialist System: The Political Economy of Communism, Oxford, Oxford University Press, Trad. Fr. 1996, Le système socialiste : L'économie politique du communisme, Presses universitaires de Grenoble. Kornai, J. (2000), “What the Change of System From Socialism to Capitalism Does and Does Not Mean”, The Journal of Economic Perspectives, vol. 14, 1, pp. 27-42. Lindblom, C. (1977), Politics and Markets. The World’s Political Economic Systems, New York, Basic Books. North, D.C. (1990), Institutions, Institutional Change and Economic Performance, Cambridge, Cambridge University Press. Palley, T. (2002), “Domestic Demand-Led Growth: A New Paradigm for Development”, in Weaver, J., Jacobs, D., Baker, J. (Eds), After Neo-liberalism: Economic Policies That Work for the Poor, Washington DC, New Rules for Global International Finance. Palley, T. (2003), “Export-Led Growth: Evidence of Developing Country Crowding-out”, in Arestis, P., Baddeley, M., Mc Combie, J. (Eds), Globalisation, Regionalism and Economic Activity, Cheltenham, Edward Elgar. Palley, T. (2006), “External Contradictions of the Chinese Development Model: Why China Must Abandon Export-led Growth or Risk a Global Economic Contraction”, Journal of contemporary China, vol. 15, 46, pp. 69-88. Simon, H. (1957), Administrative Behavior, New York, The Free Press. Solow, R. (1956) “A Contribution to the Theory of Economic Growth”, Quarterly Journal of Economics, vol. 70, 1, pp. 65-94. Stiglitz, J.E. (2006), “China and the Global Economy: Challenges, Opportunities, Responsibilities”, in Sang Ho, L., Ash, R. (Eds) China, Hong Kong and the World Economy: Studies on Globalization, Hampshire, Palgrave Macmillan. Thirlwall, A.P. (1994), Growth and Development, London, Macmillan. Thirlwall, A.P. (2002), The Nature of Economic Growth: An Alternative Framework for Understanding the Performance of Nations, Cheltenham, Edward Elgar. Vahabi, M. (1995), "Le secteur non étatique, la contrainte budgétaire lâche et la politique de la porte ouverte en Chine (quelques aspects de la réforme économique chinoise, vue par un 'étranger')", Revue d’études comparatives Est-Ouest, 25 (2) : 161-182. |
All papers reproduced by permission. Reproduction and distribution subject to the approval of the copyright owners.
Repository Staff Only: item control page