<abstract xmlns="http://www.w3.org/1999/xhtml"><p> Two centuries ago, Asia delivered over 60 percent of world production; in the middle of the 20th century it was less than 20 percent. Currently, it is twice as large and this share is still increasing, above all but not only, because of China whose production is still growing at a rate twice as fast as the world average. China is trying to maintain high economic dynamics, inter alia, through investment external expansion. This aim is to be served, among others, by the infrastructure project, drawn up with enormous verve, known as the New Silk Road, which the Middle Kingdom addresses to 65 countries on three continents. While some hope for accelerating their own economic growth, others warn against the risk of becoming dependent on China. The article analyzes these challenges, pointing to the desired directions of irreversible evolution globalization by giving it a more inclusive character, which is also strongly emphasized by the Chinese authorities in their official enunciations.</p></abstract>

Two centuries ago, Asia delivered over 60 percent of world production; in the middle of the 20th century it was less than 20 percent. Currently, it is twice as large and this share is still increasing, above all but not only, because of China whose production is still growing at a rate twice as fast as the world average. China is trying to maintain high economic dynamics, inter alia, through investment external expansion. This aim is to be served, among others, by the infrastructure project, drawn up with enormous verve, known as the New Silk Road, which the Middle Kingdom addresses to 65 countries on three continents. While some hope for accelerating their own economic growth, others warn against the risk of becoming dependent on China. The article analyzes these challenges, pointing to the desired directions of irreversible evolution globalization by giving it a more inclusive character, which is also strongly emphasized by the Chinese authorities in their official enunciations.

Economic Expansion of China: Determinants, Perspectives, Limits

Economic and Regional Studies / Studia Ekonomiczne i Regionalne

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

{"article-title":"Economic Expansion of China: Determinants, Perspectives, Limits"}

Two centuries ago, Asia delivered over 60 percent of world production; in the middle of the 20th century it was less than 20 percent. Currently, it is twice as...

Economic Expansion of China: Determinants, Perspectives, Limits

Published Online: Oct 03, 2018

Page range: 7 - 19

Received: Mar 01, 2018

Accepted: Mar 01, 2018

DOI: https://doi.org/10.29316/ers-seir.2018.01

Keywords
Silk Road, expansion of China, globalization

© 2018 Grzegorz W. Kołodko, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Economic Expansion of China: Determinants, Perspectives, Limits

Published Online: Oct 03, 2018

Page range: 7 - 19

Received: Mar 01, 2018

Accepted: Mar 01, 2018

DOI: https://doi.org/10.29316/ers-seir.2018.01

KeywordsSilk Road, expansion of China, globalization

© 2018 Grzegorz W. Kołodko, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
Silk Road, expansion of China, globalization