Post-Global Financial Crisis: The Measure of the 'Beijing Consensus' as a Variety of Capitalisms

20 Pages Posted: 3 Nov 2010

See all articles by M. Ulric Killion

M. Ulric Killion

Shanghai International Studies University

Date Written: November 2, 2010

Abstract

In order to explore the prospective effects of what hails as the Beijing consensus, a conceptualization arguably near-synonymous with Beijing’s export-oriented strategy, the Article first discusses the state of the Chinese economy in the post-global financial crisis era. After reviewing some key indicators of the country’s economy, the Article presents a comparison between a Washington and Beijing consensus, contrasting ideological meanings between these two consensuses, and then explores the measure of the Beijing consensus as a variety of capitalisms. By doing so the Article reveals the broader role of Beijing’s export-oriented strategy and its eventual relation to international capital’s industrial transformation and the prospective effects of a Beijing consensus. The Article concludes by presenting a prospectus of the Beijing consensus as a variety of capitalisms in the post-global financial crisis era. By presenting the Beijing consensus or even export-oriented strategy as an evolving model in this new era, China’s trade and finance models prospectively present a distinctive modeling of capitalism and its tools of trade and finance models.

Keywords: China, economy, export, capitalist, socialist, transformation

JEL Classification: F0, F10, P0, Z0

Suggested Citation

Killion, M. Ulric, Post-Global Financial Crisis: The Measure of the 'Beijing Consensus' as a Variety of Capitalisms (November 2, 2010). Available at SSRN: https://ssrn.com/abstract=1701868 or http://dx.doi.org/10.2139/ssrn.1701868

M. Ulric Killion (Contact Author)

Shanghai International Studies University ( email )

620 Gubei Road
Shanghai
China

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