1. China’s Alternative Development Model
Beijing Consensus
From China Daily – Official View
China’s Alternative Development Model

2. Jan 28, 2018

3. The Beijing Consensus
The Beijing Consensus (also sometimes called the "China Model" or "Chinese Economic Model"[1]) is a term that refers to the political and especially economic policies of the People's Republic of China[2] that began after the death of Mao Zedong and the rehabilitation of Deng Xiaoping (1976) and are thought to have contributed to China's eightfold growth in gross national product over two decades.[3][4] The phrase "Beijing Consensus" was coined by Joshua Cooper Ramo to pose China's economic development model as an alternative — especially for developing countries — to the Washington Consensus of market-friendly policies promoted by the IMF, World Bank and U.S. Treasury.[5][6]

4. The Beijing Consensus More a notion than true program or idea
“Fusion of Chinese thinking with lessons learned from the failure of globalization culture in other places” (Ramo, 2004, 5)

5. Three overarching ideals
Innovation
Pursuit of Dynamic Goals/Rejection of Per capita GDP
Self Determination

6. Innovation Government actively innovates Constant tinkering & change
Examples: One child policy, stock market intervention, Yuan intervention…
China is willing to keep intervening in the stock market to make sure a few speculators don’t benefit at the expense of regular investors, China’s vice president said in an interview.

7. Pursuit of Dynamic Goals/ Rejection of Per capita GDP
Measures like HDI (Human Development Index) more important than GPD/capita
5 balances (next slide)
Rank
Country
Quality of Life Index
Purchasing Power Index
Safety Index
Health Care Index
Consumer Price Index
Property Price to Income Ratio
Traffic Commute Time Index
Pollution Index
Climate Index 1
Switzerland
208.54
178.74
74.27
68.88
123.1
8.57
28.73
23.02
70.5 2
Denmark
206.49
142.14
74.33
81.89
84.88
5.85
25.64
29.93
70.65 3
New Zealand
201.06
115.47
63.63
72.6
78.17
6.28
31.1
19.04
88.35 4
Germany
199.7
147.61
67.05
75.85
65.54
7.13
29.07
29.91
63.02 5
Australia
198.79
147.25
56.88
73.71
78.45
8.43
34.65
22.88
77.33 45
Brazil
101.02
48.69
28.77
51.09
38.88
17.95
46.12
61.18 46
China
99.03
77.42
67.92
61.2
48.1
24.98
44.09
85.54
46.59 47
Iran
96.93
47.73
47.63
49.83
41.12
14.78
48.15
84.21
74.61 48
Pakistan
93.99
43.34
43.37
61.27
26.69
15.27
36.85
76.64
41.17 49
Singapore
93.09
110.5
84.19
69.06
83.67
23.17
43.43
38.83
-66.63

9. 5 Balances: Putting People First
Urban – rural development
Regional development
Economic and social development
Man and Nature balance
Domestic and international balance

10. Self Determination Refusing to let Western Powers to impose their will
Highly attractive to other LDCs – especially Africa

12. https://www. bing. com/videos/search

13. Sharma’s 4 D’s
De-Globalization
De-Population
Debt
De-Democratisation

14. De-Globalization

15. What might be the future
Japan’s Peak 1995

16. Paul Krugman
Mobilization vs true Long term Development

17. De-Population
Regional phenomena

19. Underlying factor -- population

20. http://www. japantimes. co
Will Chinese Economy Stall like the Japanese did in 1990 in the year 2020? 2030?

21. Debt

22. Democracy Index
High to Low

23. Wishful thinking for China?
Future???
Past
TFP –Total Factor Productivity
Growth Rate Currently at 6.8%, about as projected

24. REVIEW

25. Beijing Consensus
Among the characteristics attributed to the "China Model" by Western commentators include:
replacing trust in the free market for economic growth with "a more muscular state hand on the levers of capitalism";[14]
an absence of political liberalization;[3]
strong leading role of ruling political party;[3]
population control;[15]

26. Beijing Consensus
According to academic and former Chinese official Zhang Weiwei, the "key features" of the model are:
down-to-earth pragmatic concern with serving the people;[13]
constant trial and error experimentation;[13]
gradual reform rather than neo-liberal economic shock therapy;[13]
a strong and pro-development state;[13]
"selective cultural borrowing" of foreign ideas;[13]
a pattern of implementing easy reforms first, difficult ones later.[13]

27. Caution
ZHANG, Weiwei (2 November 2006). "The allure of the Chinese model" (PDF).
International Herald Tribune. Retrieved 28 January 2014.
It is inaccurate to describe the Chinese model as the
"Beijing consensus" versus the "Washington consensus."
What makes the Chinese experience unique is that
Beijing has safeguarded its own policy space
as to when, where and how to adopt foreign ideas.
Zhang Weiwei is a Chinese professor of international relations at Fudan University, and a senior research fellow at the Chunqiu Institute.

28. Discussion
WTO and the Washington vs. Beijing Consensus (in 2 minutes) Carnegie Council for Ethics in International Affairs

29. Good Review Slideshow

30. Silliness
Monty Python Communist Quiz sketch