Please use this identifier to cite or link to this item: https://doi.org/10.1177/0969776410382596
Title: Towards global convergence: Emerging economies, the rise of China and western sunset?
Authors: Dunford, M.
Yeung, G. 
Keywords: China
convergence
Europe
financial crisis
financialization
North America
sustainable development
varieties of capitalism
Issue Date: Jan-2011
Citation: Dunford, M., Yeung, G. (2011-01). Towards global convergence: Emerging economies, the rise of China and western sunset?. European Urban and Regional Studies 18 (1) : 22-46. ScholarBank@NUS Repository. https://doi.org/10.1177/0969776410382596
Abstract: The financial crisis indicates the underlying bankruptcy of the last of a series of attempts to restore sustained growth in advanced countries since the end of the post-war Golden Age: Italian flexible specialization, Japanese and Rhine-style lean production, the new economy and Anglo-American financialization. Over the same period a number of emerging economies and in particular China have sustained high rates of growth. In the years to come, developed country growth is likely to remain slow because no alternative high-growth model is on the horizon. A country such as China conversely has the potential to continue to grow relatively fast provided it can profoundly alter its model of development in ways that address global and national imbalances. If it and other large emerging economies do achieve further sustained growth, this will in effect reverse the gap created by industrial revolution, colonialism and imperialism. The aim of this paper is to explain the reasons for and the possibilities of such global convergence, paying particular attention to the reasons for and implications of the financial crisis and the extent to which China's fiscal stimulus contributes to a new model of Chinese development. © The Author(s) 2011.
Source Title: European Urban and Regional Studies
URI: http://scholarbank.nus.edu.sg/handle/10635/124388
ISSN: 09697764
DOI: 10.1177/0969776410382596
Appears in Collections:Staff Publications

Show full item record
Files in This Item:
There are no files associated with this item.

SCOPUSTM   
Citations

27
checked on Feb 12, 2020

WEB OF SCIENCETM
Citations

24
checked on Feb 12, 2020

Page view(s)

39
checked on Feb 15, 2020

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.