Transcript
  • 00:00    |    
    Initial credits
  • 00:06    |    
    Introduction
  • 00:59    |    
    Nature of China's modern economy
    • New cities
    • Coal consumption
    • Economic growth
  • 05:23    |    
    China's cheerleaders
  • 06:54    |    
    Reality
  • Capital value
  • 09:21    |    
    Export-led development (ELD) approach
    • Under-valued exchange rate
    • Obsession with foreign exchange reserves
      • Gold fetish
      • Neo-mercantilism
    • Capital directed to export-oriented producer's policy
    • Is this Neo-mercantilism?
      • Imperialism
      • China's behavior
      • China's claim
      • Diplomatic niceties
  • 21:36    |    
    China and Japan in the nineties
  • 22:42    |    
    Japan's export-led development
    • Export boom and high savings rate
    • Countries that followed Japan's lead
    • China: latest imitator
  • 25:38    |    
    Rise and decline of Japan's export-led development
    • Under-valued yen effects
    • Yen increase
    • Difficulty earning profit
    • Export-oriented industries
    • Government deficit spending
    • Loose monetary policy
    • Deflationary contraction in Japan
    • Reasons for Japan's success
  • 42:49    |    
    China's economic rise and export-led development
    • Deregulated and opened economy since 1978
      • Export dependency
      • Lending based on state priorities
    • Annual income per capita
    • Foreign exchange reserves
    • Under-valued yen and neglected consumers
  • 50:40    |    
    China's export-led development as a model
    • China's success
    • Massive amount of liquidity
  • 55:49    |    
    Countries following Japan's export-led development
  • Japan's failure
  • 57:52    |    
    Limits to export-led development
    • Net exporters
    • Few competitors needed
    • Manipulating exchange rates
    • Foreign exchange reserves
    • Economic activity
    • Trading surpluses and under-valued currency
    • ELD not necessary nor sufficient for economic success
  • 01:06:14    |    
    What are China's next economic moves?
  • 01:07:20    |    
    China's dilemma: "riding a tiger"
  • 01:08:37    |    
    Mother of all bubbles
  • 01:11:27    |    
    Final words
  • 01:11:40    |    
    Final credits


Rise and Decline of China’s Miracle Economy

New Media  | 06 de septiembre de 2011  | Vistas: 19

Christopher Lingle discusses China's modern economy and tries to determine whether it is a reality or just an illusion. He explains how this country reached an increase in economic growth by using the principles of export-led development (ELD). Lingle also compares the rise of its economy with the economic approach of other nations, and emphasizes that even though ELD might guarantee success, it depends on many factors and implies certain limits to consider. Along with this explanation, he provides examples that prove the veracity of his judgments. Christopher Lingle concludes by talking about China's next economic moves and pointing out its dilemma, as a consequence of all these economic activities.




Conferencista

Economist and visiting professor

IDEAS DE LA LIBERTAD

Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín