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5 Pages Essays / Projects Year: Pre-2021

The term "Beijing Consensus" was first developed by Joshua Cooper Ramo in 2004 on a published paper from the United Kingdom's Foreign Policy Centre to describe China's extraordinary economic growth. Joshua Ramo first applied the phrase to explore the ‘China model’ of economic development happens since China’s open-up in 1978. Later, the phrase"Beijing Consensus" is used not only as an alternative way for economic development based upon China’s model, but also among key policy makers and in the academia which contribute to the well-known perception that the China model of economic developments is reshaping the global order. The country’s economic developmental model—strong state role, heavy focus on good governance, development as the top priority and emphasis on gradual reform has produced nearly four decades of remarkable growths. In recent years, the “China model” has stood for economic liberalisation without political democratisation (Callick, 2007). In fact, China’s economic development model is truly more complicated. It was built on early, state-oriented Asian models of development such as South Korea and Taiwan, while taking a number of unique measures with Chinese characteristics aimed to maintain that the Communist Party sustains its leading position for economic and political policy. In this context, this essay contends a number of social, economic and political perspectives to analyse the ‘China model’ of economic development.


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Topic: Is there a ‘China model’ of economic development? Is so, what does it consist of? - Page 1
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