SOME FEATURES OF THE MODERN DEVELOPMENT OF THE CHINESE ECONOMIC MODEL
УДК 330.3 (510)
Abstract
The article reveals the merits and shortcomings of the Chinese economic development model. A critical analysis of Western approaches to the study of the features of the national model of the Chinese economy is proposed. The fundamental principle of the formation of the Chinese national economic model — “democratic centralism” is considered. The article focuses on the analysis of the demographic factor of the formation of the Chinese economic model. In particular, his assessment from the point of view of the theory of “human capital”. The authors propose to assess the consequences of large-scale investments in the education and healthcare system in China from the standpoint of capitalization of the demographic factor and a critical assessment of the “demographic dividend”.
Much attention is paid to the insufficiently analyzed features of the tax policy of the People's Republic of China. An assessment of the specifics of structural policy in the field of industrial policy implementation is given.
At the same time, the authors are far from idealizing the Chinese economic model and proceed from its uniqueness associated with such fundamental factors of the formation of the model as the historical path of the country, the mentality of the peoples inhabiting it.
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REFERENCES
Berger Ya. M. China's economic strategy. M., 2009.
Continuously improving the level of investment in fixed assets continues to play a key role in development. National Bureau of Statistics. 2021. No. 29.
Yuan Fuhua, Zhang Ping, Li Zhaochen. The Causes of Discontinuous Growth and the Transformation of Innovation Paths. Journal of the Party School of the Central Committee of the Communist Party of China. 2018. Vol. 22. Iss. 1.
Shijin Liu. Ten-Year Prospects for China's Economic Growth (2018–2027): Medium-speed Platform and High-quality Development. CITIC Publishing Group, 2018.
Dewen W., Fang C., Xuehui Z. Saving Effect and Growth Effect of Demographic Transition — On the Demographic Factors of China's Growth Sustainability. Population Research. 2004. Iss. 5.
Haggard S. Pathways from the Periphery: the politics of growth in the newly industrializing countries. Cornell, 1990.
China Statistical Yearbook 2019. National Bureau of Statistics, China Statistics Press. Being. 2019. P. 33.
White Paper on China's Digital Economy Development and Employment. China Academy of Information and Communications Technology. 2019.
Statistical Bulletin of the People's Republic of China on National Economic and Social Development in 2018. People's Daily, March 1. 2019, No. 1.
Results of the Fourth National Economic Census. China Education News. 2019.
Refer to the index value. — China Statistical Yearbook 2019. National Bureau of Statistics, 2019.
Bloom D. E., Williamson J. G. Demographic transitions and economic miracles in developing Asia. World Bank Economics Review, 1998, No. 12.
China Human Capital Report 2018. — Economics and Public Policy Superior Discipline Innovation Platform: scientific research results. Beijing, 2018.
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