| Description |
1 online resource (704 pages) : illustrations, charts |
| Summary |
"After a miraculous economic growth, spurred by the Beijing Consensus, China is now facing a slowdown. This book deals with the interesting issue of the middle-income trap--the phenomenon of the rapidly growing economy of a country stagnating at the middle-income level--in the context of China. It also discusses China's limitations and future prospects, especially after the onset of a new "cold war" between China and the US, and in particular whether it would fall into the "Thucydides trap," the conflict between a rising power and the existing hegemon. This book plays around three key terms, the Beijing Consensus, the middle-income trap, and the Thucydides trap, and applies a Schumpeterian approach to these concepts. It also conducts a comparative analysis examining China from an "economic catch-up" perspective. Economic catch-up starts with learning from and imitating a forerunner, but a successful catch-up requires leapfrogging, which implies a latecomer doing something different from, and often ahead of, a forerunner. Technological leapfrogging may lead to technological catch-up, which means reducing the technological gap, and then to economic catch-up in living standards and economic size. This linkage between technological and economic catch-up corresponds exactly with a similar linkage between the Beijing Consensus and escaping (or not) the middle-income and Thucydides traps. The book concludes that China's successful rise as a global industrial power has been due to its strategy of technological leapfrogging, which has enabled it to move beyond the middle-income trap and possibly the Thucydides trap, although at a slower speed"--Publisher's description |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Description based on online resource; title from home page (viewed on August 4, 2022) |
| Subject |
Economic development -- China -- History -- 21st century
|
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Technology -- China -- History -- 21st century
|
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Technology
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Economic development
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Economic history
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Industry & industrial studies.
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Industry.
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| SUBJECT |
China -- Economic conditions -- 2000-
http://id.loc.gov/authorities/subjects/sh99010023
|
| Subject |
China
|
| Genre/Form |
History
|
| Form |
Electronic book
|
| ISBN |
9780191939860 |
|
0191939862 |
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