| Topic: |
Religions > Atheism |
| User: |
"maff" |
| Date: |
13 Apr 2006 04:11:59 AM |
| Object: |
Development in defiance of the Washington consensus |
Development in defiance of the Washington consensus
http://www.guardian.co.uk/comment/story/0,,1752566,00.html
China has carried off the world's largest reduction in poverty by
grasping that market economies cannot be left on autopilot
Joseph Stiglitz
Thursday April 13, 2006
The Guardian
China is about to adopt its 11th five-year plan, setting the stage for
the continuation of probably the most remarkable economic
transformation in history, while improving the wellbeing of almost a
quarter of the world's population. Never before has the world seen such
sustained growth; never before has there been so much poverty
reduction.
Part of the key to China's long-run success has been its almost unique
combination of pragmatism and vision. While much of the rest of the
developing world, following the Washington consensus, has been directed
at a quixotic quest for higher GDP, China has again made clear that it
seeks sustainable and more equitable increases in real living
standards. China realises that it has entered a phase of economic
growth that is imposing enormous - and unsustainable - demands on the
environment. Unless there is a change in course, living standards will
eventually be compromised. That is why the new plan places great
emphasis on the environment.
Stiglitz
http://groups.google.com/group/alt.atheism/msg/4327897f18d8acda
Is the wakening giant a monster?
http://tinyurl.com/iws6
A Blueprint for the Future
http://groups.google.com/group/alt.atheism/msg/a8545c8e949926bc
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| User: "" |
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| Title: Re: Development in defiance of the Washington consensus |
13 Apr 2006 10:02:57 AM |
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maff wrote:
Part of the key to China's long-run success has been its almost unique
combination of pragmatism and vision. While much of the rest of the
developing world, following the Washington consensus, has been directed
at a quixotic quest for higher GDP, China has again made clear that it
seeks sustainable and more equitable increases in real living
standards. China realises that it has entered a phase of economic
growth that is imposing enormous - and unsustainable - demands on the
environment. Unless there is a change in course, living standards will
eventually be compromised. That is why the new plan places great
emphasis on the environment.
This paragraph of analysis is absurd. For the last twenty years China
has pursued a quixotic quest for higher GDP with little or no regard
for equitable living standards or the environment. The "new plan" (that
takes into account living standards and the environment) is only a few
months old and arose after large increases in social unrest in China.
Since the plan is *new* it couldn't possibly have figured into "China's
long-run success." In fact there are many who believe the "new plan" is
just talk, and it either will not or can not be implemented in any
effective way.
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