Economic Expansion of China: Determinants, Perspectives, Limits

Open access


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.

If the inline PDF is not rendering correctly, you can download the PDF file here.

  • 1. Bałtowski M. (2016) Ekonomia przyszłości. Wokół nowego pragmatyzmu Grzegorza W. Kołodko. Wydawnictwo Naukowe PWN Warszawa.

  • 2. Bałtowski M. (2017) Evolution of economics and the new pragmatism of Grzegorz W. Kolodko. TIGER Working Papers No. 136

  • 3. Bolesta A. (2006) Chiny w okresie transformacji. Reformy systemowe polityka rozwojowa i państwowe przedsiębiorstwa. Wydawnictwo Akademickie Dialog Warszawa.

  • 4. Chołaj H. (2011) Powrót olbrzyma w zglobalizowanym świecie. Oficyna Wydawnicza Szkoła Główna Handlowa w Warszawie Warszawa.

  • 5. Chołaj H. (2014) Kapitalizm konfucjański. Chińskie reformy ekonomiczne a globalizacja. Poltext Warszawa.

  • 6. Cieślik J. (2016) Entrepreneurship in Emerging Economies: Enhancing its Contribution to Socio-Economic Development. Palgrave MacMillan Houndmills Basingstoke Hampshire.

  • 7. Economist (2012) Teenage angst. The Economist August 25th

  • 8. Economist (2018) China moves into Latin America. The Economist February 3rd

  • 9. Galbraith J. K. (2018) Backwater Economics and New Pragmatism: Institutions and Evolution in the Search for a Sustainable Economics. TIGER Working Papers Series No. 138 (January 2018) Kozminski University Warsaw

  • 10. Hu B. (2018) The Belt and Road Initiative and the Transformation of Globalization. Distinguished Lectures Series Kozminski University No. 26

  • 11. Huang Y. (2017) Cracking the China Conundrum: Why Conventional Economic. Wisdom Is Wrong. Oxford University Press New York.

  • 12. Kolodko G. W. (2014) The New Pragmatism or Economics and Policy for the Future. Acta Oeconomica Vol. 64 No. 2 s. 139-160.

  • 13. Kołodko G. W. Koźmiński A. K. (2017) Nowy pragmatyzm kontra nowy nacjonalizm. Prószyński i S-ka Warszawa.

  • 14. Kraemer K. L. Linden G. Dedrick J. (2011) Capturing Value in Global Networks: Apple’s iPad and iPhone PCIC Working Paper Personal Computing Industry Center University of California Irvine July

  • 15. Morris I. (2010) Why the West Rules - for Now: The Patterns of History and What They Reveal about the Future. Profile Books London.

  • 16. Szymański W. (2004) Interesy i sprzeczności globalizacji. Wprowadzenie do ekonomii ery globalizacji. Difin Warszawa.

  • 17. Szymański W. (2011) Niepewność i niestabilność gospodarcza. Gwałtowny wzrost i co dalej? Difin Warszawa.

Journal information
All Time Past Year Past 30 Days
Abstract Views 0 0 0
Full Text Views 153 126 4
PDF Downloads 156 133 6