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Discuss the problems that China faces in rebalancing its economy in the aftermath of the economic crisis. Assess the view that China’s economy will overtake that of the US Type of document: Essay
Number of Pages: 3 (Double Spaced) Category: Economics
Language Style: English (U.S.)
Order Instructions:
China’s increased integration with the global economy, particularly from the early
1990s onwards, has been a major source of its meteoric growth. At the same time,
however, its exposure to the world system in general and symbiotic relationship with
the US in underwriting its debt in particular, mean that China is increasingly
dependent on and vulnerable to the vagaries of the world economy. Despite its
success in rebooting double digit growth, China was not immune to the 2008 crisis
and was heavily exposed when exports to key markets in the US and Europe.
plummeted, which prompted the largest economic stimulus package in history. This
lecture looks at the reality behind the hype of China’s economic rise, the deepening
contradictions which it faces and the challenges it faces in becoming the world’s
largest economy.
Questions
Discuss the problems that China faces in rebalancing its economy in the aftermath of
the economic crisis. Assess the view that China’s economy will overtake that of the
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