Political Science 1020E Lecture Notes - Lecture 25: John Mearsheimer, Debt Relief, Multilateralism
15 Apr 2016
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Document Summary
Reforms since 1979 led to new chinese model which we know today. Self conscious pursuit by the chinese of export markets, they will not grow by relying on demand within china but on external demand, managed foreign direct investments (china is not creating itself as a closed economy) Over three decades of roughly 10% growth. Now world"s second largest economy, expected to overtake usa within the decade. From 1% in 1978 to 11. 4% in 2009 of global output. 75% of those lifted out of poverty in the last two decades live in china - extraordinary anti poverty program. More low end manufactured goods than nancial services and knowledge intensive industries. Overseas direct investment still in early stages (partial power, young performer in some regards and an impressive performer in others) Heightened spending, but not chasing the usa and has no interest in trying to. Focus on national interest over global governance.
