2021 China Colloquium
Jasminka Ninkovic, Associate Professor, Oxford College, Emory University
Chinese Economic Growth: Origins and Impact on the World Economy
April 12, 7:30–8:30 pm EST via Zoom Meeting
This lecture has the intention of investigating economic growth and development in China since 1980’s.
Economic reforms started in China in the late 1970’s. Since then China experienced unprecedented economic growth resulting in becoming the largest economy in the world by its size of gross domestic product – GDP according to International Monetary Fund’s estimates for 2020. One goal of this lecture is to explore the types of reforms China introduced and compare them with the reforms and the results in another group of countries – transition economies in Eastern Europe and the Russian Federation. These countries started introducing reforms in late 1980’s and have experienced a prolonged period of negative economic growth. Reasons for such different results of reforms will be explored.
In addition to the goal of looking into the reforms introduced in China and transition economies, the role of international trade and foreign investment for economic growth in China will be explored in more detail.
The third reason for looking at the Chinese economy will be to examine its increased significance in the world economy. The Chinese economy was (and is) atypically open for a country of its size and development level. This means that China has become more integrated into the world economy with all the consequences that come with this role. I will put emphasis on the effects of the economic ties with China for select countries, especially during and after the 2007/08 worldwide recession.