Wachstum auf Kosten der Entwicklung?
Kritische Bestandsaufnahme des exportorientierten Wachstums in China
Schlagworte:Wirtschaftspolitik, China, Entwicklung, Finanzkrise, Handelspolitik
Whilst rather modest compared with later changes, the adoption of a more open policy towards the global economy in 1978 marked a fundamental ideological shift that was a pre-requisite for all that was to follow. One of the results is, that the impressive growth of chinese economy was an export-led growth. Between 1993 and 1995 exports increased by 60 per cent in two years, and doubled in the space of five years. As such, export growth became the safety net for domestic restructuring. It was a means of maintaining employment, creating new jobs, and essentially providing the opportunity to deal with the domestic economy whilst not sacrificing growth or dramatically increasing urban unemployment. But one must question whether the growth of the processing trade provides a firm foundation for long term sustainable growth in China.