Chinese Developmentalism: Beyond the Japanese Model

Abstract

As a developing state, China’s methods of economic growth have been very distinct during the past three decades, both because of the size of its market and the speed and effectiveness by which it has implemented market reforms thus far. Not long after the concept of “globalization” was accepted into Chinese policy statements under then-President Jiang Zemin in the early 1990s, globalization as a source of essential economic goods and its great socio-economic risks was acknowledged by Chinese policymakers. In comparison with many other countries, the components of globalization were introduced at a much slower pace in Chinese policymaking and academic discourse, and in a very conservative fashion.