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The Role Of China In Globalization: A New Hegemon?

Author

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  • Deniz ŞİŞMAN

    (Ä°stanbul GeliÅŸim University)

Abstract

China is taking on the role of a global actor that has been strengthened with the outward policy practices that started in the 1970s. The main question of this article is whether it has the intention and power to take over the current hegemony in globalization as a result of the striking developments in production, trade, innovation, energy use and transnational capital and the advantages of being the fastest growing country on average.Therefore, the question of China's labor costs and advantages and growth with the Lewis Turning Point (LTP) and the MiddleIncomeTrap has been dealt with, in particular, taking into account the post-crisis conditions. The effects of the global crisis and the US-China trade wars on the Chinese economy were questioned, among other things, to increase the total factor productivity in overcoming the Middle Income Trap.

Suggested Citation

  • Deniz ŞİŞMAN, 2020. "The Role Of China In Globalization: A New Hegemon?," JOURNAL OF LIFE ECONOMICS, Holistence Publications, vol. 7(1), pages 103-122, January.
    • Handle: RePEc:jle:journl:v:7:y:2020:i:1:p:103-122
    DOI: 10.15637/jlecon.7.007
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    More about this item

    Keywords

    China; Hegemony; Globalization; Lewis Turning Point; Middle Income Trap;
    All these keywords.

    JEL classification:

    • B27 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - International Trade and Finance
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
    • N35 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Asia including Middle East

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