By Robert Springborg
This quantity examines the features of the chinese language fiscal improvement version and its reception in Africa and Latin the US. It additionally investigates the present festival over governance versions within the Muslim global and asks which version or types will consultant improvement in Muslim nations. pt. 1. The chinese language version and its worldwide reception -- pt. 2. The chinese language version and its opponents within the Muslim global -- pt. three. The function of governance in improvement versions
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Additional resources for Development models in Muslim contexts : Chinese, 'Islamic' and neo-liberal alternatives
This was manifested in Latin America through the development strategy known as import-substitution industrialisation, which was followed from the early post-war period until the debt crisis of the 1980s. At that point, the deficiencies of this strategy became evident, and a dramatic change towards a market-oriented approach took over. In the extreme version of this approach, the strong state was seen as the main stumbling block to economic growth. 26 While a few governments would like to see these reforms entirely rolled back, the majority of Latin American governments and — 35 — Development Models in Muslim Contexts civil society prefer a mixed economy in which the state partners with the private sector to increase competitiveness.
Japan, South Korea and Taiwan, for example, have shifted important parts of their industrial capacity to China because costs are much lower than at home. This is especially the case for labour-intensive products because Chinese wages – although rising, particularly in coastal provinces – are still only a fraction of those in Northeast Asia. Many of the more complex inputs for the firms relocated in China are imported from the headquarters firms or their suppliers. 9 This combination of large-scale imports from Northeast (and even Southeast) Asia, without compensating exports, leads to substantial trade deficits for China with these countries.
Latin America shares (and contributes to) the democratic values of the West … Despite clear limitations and inherent internal contradictions, the countries of the region have continued moving forward with democratisation. In this regard, China’s internal political model is not especially attractive for Latin America”. 36 Others, however, point out that China’s non-interference policy, in particular, has had the effect of supporting some of the least attractive regimes in the world, for example, Sudan, Myanmar, or North Korea.