China and Globalization: The Washington Consensus or the Beijing Consensus

Author: Huang Ping
Publisher:
Publish Date: 2005-08-01
Features: "The Beijing Consensus" is the newest international summary of China's development experience. It explores how a developing country like China is organized and the applicability of China's experience to other countries in the world. "The Beijing Consensus" refers to a series of new ideas about China's development: "not only trying to figure out how to develop their own country but also wanting to know how to align with the international order." Structurally, the Beijing Consensus is undoubtedly the thought that followed Deng Xiaoping, but it is closely related to his pragmatic thinking. That is, the best way to achieve modernization is to "cross the river by feeling the stones," rather than attempting "shock therapy" to achieve a leap forward. The two countries that ignored the "Washington Consensus"—India and China—achieved remarkable economic achievements. Meanwhile, loyal followers of the "Washington Consensus," such as Argentina and Indonesia, paid social and economic costs! After Professor Richard Remer of Tsinghua University published "The Beijing Consensus" in May 2004, it sparked both domestically and internationally, with a strong response. After more than a year of reflection, we collected some highly influential papers from around the world on this topic and held a special symposium in August 2005 titled "The Beijing Consensus and the Chinese Model" to delve deeper into this issue. "The Beijing Consensus" is the newest international summary of China's development experience. It explores how a developing country like China is organized and the applicability of China's experience to other countries in the world. "The Beijing Consensus" refers to a series of new ideas about China's development: "not only trying to figure out how to develop their own country but also wanting to know how to align with the international order." As the Beijing Consensus is becoming increasingly popular and bringing hope to the world, China is taking on new responsibilities. The next five years will be a crucial opportunity for China to shape its international image. China will not only contribute through economic means but also through exemplary actions to help and reshape the world.