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Abstract

Can a Beijing Consensus replace the Washington Consensus? The notion of an alternative Chinese path has been around for some years, spurred by China’s awesome growth and industrial strength. With the 2008 financial crisis, there is renewed concern over the excesses of under-regulated markets. This also gets into political structures. A new book by Stefan Halper The Beijing Consensus: How China’s Authoritarian Model Will Dominate the Twenty-First Century focuses on China’s external influence, while here I’d like to consider the prior question: is there some alternative model for achieving prosperity?

Citation

Walton, Michael. "How about a Beijing Consensus?" Financial Express (India), April 29, 2010.