| Abstract |
The goal of this paper is to characterize the nature of the Chinese development model. For this purpose, the main debates on China\'s economic reform are reviewed. It is argued that the maintenance of the control over some relevant policy tools (exchange rate, capital controls, public financial institutions, strategic state-owned enterprises) allowed China to become world\'s largest economy and to deal with recent economic crisis in better economic conditions. However, the negative effects of widespread trade liberalization, both internal and external, and deregulated labour market creation are highlighted too. Finally, the implications of China\'s economic expansion are discussed vis-a-vis potential geopolitical conflict. |
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