Chinese Joker in the World Pack
Journal of Globalization Studies, Vol. 2, No. 2, pp. 7-24, 2011
18 Pages Posted: 3 Mar 2012
Date Written: December 2, 2011
In the present article forecasts of China's upcoming development are given. It is shown why China, even with all its possible future success, will be unable to take the USA's place in the World System. The merits and shortcomings of the characteristics of the modern Chinese economic development model are revealed. The conclusion is made that the Chinese economy, with all its achievements, remains generally extensive and, based on the consumption of excessive numbers of various resources and funds and with respect to the attendant in-vestment gain, will become more and more ineffective. The author believes that it will be impossible to reconstruct the Chinese development model and GDP growth rates will slow down soon.
Keywords: Chinese model, East-Asian model, resource expenditure, growth limits, inflation, economic superpower, World-System leader
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