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This book looks at the policies that China adopted in response to the global financial crisis, with particular focus on the concepts of Keynesianism and developmental state. It discusses where China sits in the Keynesianism debate, and questions whether Chinese developmental Keynesianism is a recommendable model for other countries. The book goes on to look at the implications that the Chinese crisis response has for China and for world economy, and argues that both the concepts of Keynesianism and developmental state have been hijacked by Chinese policymakers in the process of partial reform and political consolidation.
List of contents
Introduction 1. What kind of policy has China adopted? 2. A hijacked consensus 3. Policymaking with Chinese characteristics 4. Developmental state for SOEs 5. Firework local politics 6. Legacies or lessons of the past? 7. In search of a new magic number
About the author
Yang Jiang is Associate Professor in the Asia Research Centre at Copenhagen Business School, Denmark.
Summary
This book looks at the policies that China adopted in response to the global financial crisis, with particular focus on the concepts of Keynesianism and developmental state. It discusses where China sits in the Keynesianism debate, and questions whether Chinese developmental Keynesianism is a recommendable model for other countries. The book goes on to look at the implications that the Chinese crisis response has for China and for world economy, and argues that both the concepts of Keynesianism and developmental state have been hijacked by Chinese policymakers in the process of partial reform and political consolidation.
