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Whose China Model is it anyway? The contentious search for consensus

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  • Matt Ferchen

Abstract

Has a Beijing Consensus emerged to challenge the Washington Consensus? If so, what is the essence of this alternative consensus and why does it matter? This article argues that efforts at a definitive description of a Chinese model of state-economy relations, especially as it compares to the original policy recommendations of the Washington Consensus, have and will continue to prove unsatisfying. This is because any such comparative exercise is inherently political and prone to various angles of critique. Instead, this article argues that it is precisely because of the politics of such comparison that competing and often contradictory portrayals of a Beijing Consensus or China Model have taken on importance inside and outside of China. This article further argues that western accounts of a Beijing Consensus or China Model alternative to the Washington Consensus too often ignore or minimize the contentious debates within China about how best to describe Chinese economic governance. This study, in contrast, seeks to understand China's relationship to the Washington Consensus by exploring how concepts like the Beijing Consensus or China Model are deployed and contested outside and inside of China. The article concludes by offering suggestions for further research on the domestic Chinese and international policy implications of debates about the Beijing Consensus.

Suggested Citation

  • Matt Ferchen, 2013. "Whose China Model is it anyway? The contentious search for consensus," Review of International Political Economy, Taylor & Francis Journals, vol. 20(2), pages 390-420, April.
  • Handle: RePEc:taf:rripxx:v:20:y:2013:i:2:p:390-420
    DOI: 10.1080/09692290.2012.660184
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    References listed on IDEAS

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    1. Peter Nolan, 2001. "China and the Global Economy," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-59928-4, December.
    2. Peter Nolan, 2001. "China and the Global Business Revolution," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-52410-1, December.
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    Cited by:

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    2. Varga, Mihai, 2022. "Getting the “basics”? The World Bank’s narrative construction of poverty reduction in China," Land Use Policy, Elsevier, vol. 120(C).
    3. Anton Malkin & Bessma Momani, 2016. "An Effective Asian Infrastructure Investment Bank: A Bottom Up Approach," Global Policy, London School of Economics and Political Science, vol. 7(4), pages 521-530, November.
    4. Sung-Mi Kim, 2017. "International Perceptions of South Korea as Development Partner: Attractions and Strategic Implications," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 29(5), pages 1086-1101, November.
    5. Salvatore Babones & John H.S. Åberg & Obert Hodzi, 2020. "China's Role in Global Development Finance: China Challenge or Business as Usual?," Global Policy, London School of Economics and Political Science, vol. 11(3), pages 326-335, May.
    6. Stephen B. Kaplan, 2018. "The Rise of Patient Capital: The Political Economy of Chinese Global Finance," Working Papers 2018-2, The George Washington University, Institute for International Economic Policy, revised Jul 2018.
    7. Stephen Kaplan, 2015. "Banking Unconditionally: The Political Economy of Chinese Finance in Latin America," Working Papers 2015-14, The George Washington University, Institute for International Economic Policy.

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