In Search of China's Development Model Beyond the Beijing Consensus [Paperback]

This book examines the development model that has driven China's economic success and looks at how it differs from the Washington Consensus. Chinas Development Model (CDM) is examined with a view to answering a central question: given Chinas peculiar matrix of a socialist party-state juxtaposed with economic internationalization and marketization, what are the underlying dynamics and the distinctive features of the economic and political/legal/social dimensions of the CDM, and how do we properly characterize their interrelations? The chapters further analyse to what extent and under what circumstances is China's development model sustainable, and to what degree is it readily applicable to other developing countries.

Based on their findings in this volume, the authors conclude that the defining feature of the CDMs economic dimension is Janus-faced state-led growth, and the political/legal/social dimension of the CDM is best characterized as adaptive post-totalitarianism. The contributors illustrate that the CDMs parameters are shown to be much less sustainable than the CDMs outcome in developmental performance and the extent to which the CDM can be applied to other late-developers is subject to more qualifications than its sustainability.

Part I: Overview1 In Search of Chinas Development Model, S. Philip Hsu 2 The Myth of the Beijing Consensus,  Scott Kennedy 3 The China Model of Development, Suisheng Zhao Part II: The Economic Dimension4 Chinas Industrial Capitalism, Barry Naughton 5 Can China Sustain Rapid Growth Despite Flawed Institutions? Thomas G. Rawski Part III: Political Dimension6 From a Socialist State to a Developmental State, Yi-feng Tao 7 Balancing Developmental Needs with Vertical and Horizontal Power Competition in China, 1993-2004, S. Philip Hsu 8 Law and the Beijing Consensus,&alÓ$