China's flirtation with Keynesian economics

From: The Freeman | Date: December 1, 1999| Author: Lingle, Christopher | Copyright information

China's economy has made enormous progress since modernization began in 1978 under the direction of Deng Xiaoping. However, while no one expects the transition from communism toward market-based economies to be painless, the full truth is much more brutal in that China's economic future may be rather bleak.

After nearly 50 years of experimenting with a failed economic system, China is now flirting with another widely repudiated theory, Keynesian economics. The recent National Peoples'...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and journal articles from HighBeam Research

Consumers start to drive China's economy Domestic spending propels new gains
International Herald Tribune ; Keith Bradsher International Herald Tribune 10-22-2005 Until this summer, the Kaierlai Sports Goods company in Shishi, China, depended heavily on exports of its windbreakers to Germany. But when the European Union reimposed import quotas and abruptly halted those shipments this summer, Kaierlai did
Taiwan opens door for links to China: China's grudging approval yesterday of Taiwan's plan leaves the next steps in question.(World)
The Christian Science Monitor ; China gave a last-minute show of support for direct links with Taiwan's outlying islands yesterday that has many here surprised, if skeptical. On Jan. 1, Taiwan will open the door by allowing trade, transport, and post links to be legally established for the first time. The proposal regulates
Lifting all boats: why China's great leap is good for the world's poor.(FP Special Report)
Foreign Policy ; China's economic juggernaut has forced the world to make room. For rich nations, it's just a matter of adjusting their economic strategies. But how is China's rise affecting poorer countries? Governments in Asia, Latin America, and Central and Eastern Europe watch the Chinese export machine and
In China's Cities, a Turn From Factories; Labor Pool Shifts As Urban Workers Seek Better Lives
The Washington Post ; In a country with a supposedly bottomless supply of labor, the Daojiong Hequn Plastic Processing factory has somehow hit bottom. The plant in southern China can no longer find enough young women willing to spend their hours bending over machinery slicing artificial hair for toy dolls bound for the
CHINA RISING: NATIONALISM AND INTERDEPENDENCE.(Review)
Journal of Contemporary Asia ; CHINA RISING: NATIONALISM AND INTERDEPENDENCE by David S.G. Goodman and Gerald Segal (eds) (London and New York: Routledge, 1997) It is not so long ago historically that China was regarded as a problem. It was the sick man of Asia, and the solution then was for Western countries to invade China or