by The global financial media are always on the lookout for signs of an impending financial crisis in China – and the dark prognostications about the future made by several external observers relate to both internal and external financial flows. But there are reasons to believe that both concerns may be overplayed, and that what is occurring especially with respect to cross-border flows is a much more complex process reflecting a medium-term plan of the Chinese state, in accordance with its much more assertive role in the global scene. Jayati Ghosh is not blinded by neoliberal tendencies and Western economic and political ideology as those that have been predicting a Chinese meltdown for how long now?Jayati Ghosh explains what is really going on. China is shifting its strategy to meet new
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Mike Norman considers the following as important: Chinese economic policy, Chinese economy, Chinese financial system
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The global financial media are always on the lookout for signs of an impending financial crisis in China – and the dark prognostications about the future made by several external observers relate to both internal and external financial flows. But there are reasons to believe that both concerns may be overplayed, and that what is occurring especially with respect to cross-border flows is a much more complex process reflecting a medium-term plan of the Chinese state, in accordance with its much more assertive role in the global scene.Jayati Ghosh is not blinded by neoliberal tendencies and Western economic and political ideology as those that have been predicting a Chinese meltdown for how long now?
Jayati Ghosh explains what is really going on. China is shifting its strategy to meet new conditions and exploit emerging opportunities of its own creation. Western analysts don't get it yet.
Real-World Economics Review Blog
How China is managing capital flows – and why
Jayati Ghosh | Professor of Economics at the Centre for Economic Studies and Planning, School of Social Sciences, at the Jawaharlal Nehru University, in New Delhi