China and Globalization (Washington Consensus or Beijing Consensus)

Author: Huang Ping, Cui Zhiyuan, Editors
Publisher:
Publish Date: 2005-08-01
Features: "Beijing Consensus" is the newest international summary of China's development experience. It explores how a developing country like China is organized, as well as the applicability of China's experience to other countries in the world. "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 ideas. That is, the best way to achieve modernization is to "cross the river by feeling the stones," rather than attempting "shock therapy" to achieve leapfrog progress. The two countries that ignored the "Washington Consensus"—India and China—achieved remarkable economic achievements. Meanwhile, followers of the "Washington Consensus," such as Argentina and Indonesia, paid social and economic costs! After Professor Richard Remer of Tsinghua University published "Beijing Consensus" in May 2004, it sparked and strong responses both domestically and internationally. 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. "Beijing Consensus" is the newest international summary of China's development experience. It explores how a developing country like China is organized, as well as the applicability of China's experience to other countries in the world. "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." "Beijing Consensus" is becoming increasingly popular and bringing hope to the world. In this context, 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.