CHINA’S WEN FORSWEARS ‘BEIJING MODEL’ FOR AFRICA
China Real Time Report (WSJ Blog), November 11, 2009
China’s economic success has made it a model for other developing countries who have been less successful in generating growth and rising incomes. But what exactly does China have to teach countries poorer than itself? That question has been increasingly debated as China broadens its ties with Africa, the Middle East and Latin America.
Some China cheerleaders say China, as it funnels investment and lending into these developing countries, will also promote its own style of economic development. But the so-called ‘Beijing Consensus’ — a supposed model of state-led growth that competes with the free-market ‘Washington Consensus’ — is actually a coinage by an American journalist. Although the term has been taken up by some scholars in China, it hasn’t really gained much traction.
It’s also been officially rejected by Chinese Premier Wen Jiabao, who nixed the idea in a press conference in Egypt. Here’s what Wen said in response to a question about Chinese companies’ activities in Africa, according to a transcript provided by the Xinhua news agency:
(...) [artículo aquí]
China Real Time Report (WSJ Blog), November 11, 2009
China’s economic success has made it a model for other developing countries who have been less successful in generating growth and rising incomes. But what exactly does China have to teach countries poorer than itself? That question has been increasingly debated as China broadens its ties with Africa, the Middle East and Latin America.
Some China cheerleaders say China, as it funnels investment and lending into these developing countries, will also promote its own style of economic development. But the so-called ‘Beijing Consensus’ — a supposed model of state-led growth that competes with the free-market ‘Washington Consensus’ — is actually a coinage by an American journalist. Although the term has been taken up by some scholars in China, it hasn’t really gained much traction.
It’s also been officially rejected by Chinese Premier Wen Jiabao, who nixed the idea in a press conference in Egypt. Here’s what Wen said in response to a question about Chinese companies’ activities in Africa, according to a transcript provided by the Xinhua news agency:
(...) [artículo aquí]
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