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Erschienen in:
2014 | OriginalPaper | Buchkapitel
Can China’s Growth Lead the World Out of the Global Economic Crisis?
verfasst von : Paul Bowles
Erschienen in: Global Economic Crisis and the Politics of Diversity
Verlag: Palgrave Macmillan UK
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The current economic malaise in the Eurozone, the fragility of the recovery in the United States, and the two-decade long slump in Japan has concentrated the global economic crisis in the advanced countries. Many now pin their hopes of a global economic recovery on so-called emerging economies, especially China and India, as the new juggernauts capable of kick-starting the global economy. A ‘multispeed’ world, as Spence (2011) calls it, now characterizes the global economy with the engine located firmly in large developing countries. This change has led to increased interest in what Kaplinsky (2005) has termed the ‘Asian drivers’.