What can be learned from China’s success?

The Dynamics of Governance and Sustainable Development Goals in the Global South

“…China's rapid economic growth in the past 30 years has stood out as an eye-catching alternative to the general pattern of modernization in the West and provided an example for some developing countries to follow suit. Following the 2008-09 financial crisis, China outperformed other major economies -from the second quarter of 2007 to the second quarter of 2014, China's economy grew by 78 per cent (Ross et. al., 2016).…”

“…Following the 2008–09 financial crisis, China outperformed other major economies – from the second quarter of 2007 to the second quarter of 2014, China's economy grew by 78 per cent (Ross et. al., 2016). As a consequence, more and more developing countries in Asia, Africa and Latin America show their interest in the ‘China Model’ or the so‐called ‘Beijing Consensus’, with leaders of some developing countries eager to emulating it (Oqubay & Lin, 2019; Ross et al, 2016; Wang & Liu, 2020; Zhao, 2010).…”

“…al., 2016). As a consequence, more and more developing countries in Asia, Africa and Latin America show their interest in the ‘China Model’ or the so‐called ‘Beijing Consensus’, with leaders of some developing countries eager to emulating it (Oqubay & Lin, 2019; Ross et al, 2016; Wang & Liu, 2020; Zhao, 2010). The appeal of China as an alternative model of economic growth is just one of the examples of the ‘Asian Aspiration’ (Mills et al, 2020; see also Oqubay & Ohno, 2019) which has been exemplified by not only China, but also Japan, South Korea and Singapore, among others.…”

“…Despite the emergence of Asian models of governance and growing phenomenon of knowledge transfers spreading among developing countries (Cheung, 2013; Drechsler, 2013; Lai, 2016; Liu & Wang, 2018, 2021; Ross et al, 2016; Tugendhat & Alemu, 2016), mainstream studies on transnational knowledge has a strong bias toward (often conditionality‐based) advice originating in the core western world and focuses nearly exclusively on the link from a source to a target of knowledge transfer (Heinrich, 2021; Stone et al, 2020). To be sure, the Chinese model of economic development and political governance grows out from its specific institutional realities and politico‐economic structure (e.g., Bell, 2015; Chen & Naughton, 2017), and there are certain overlapping areas between the ‘Washington Consensus’ and the ‘Beijing Consensus’ in terms of state‐market relations and variegated ways of institutional building (Asongu & Acha‐Anyi, 2020; De Graaff et al, 2020).…”

Balancing Historical Roots and Future Growth: China’s Foreign Policy

“…Also, as shown in Table 1, China greatly transitioned labor from agriculture into the manufacturing sector (Siraj 2011). China's new economic policies involved a shift away from state-intervention in the market, de-collectivization of agriculture (freeing agriculture from collective political control), an increase in private home ownership, permitting entrepreneurs to start businesses, and opening up the country to foreign trade and investment (Ross, Zheng, & Prime, 2015). China recorded an average growth rate of industrial value-added?…”