CHINEQUALJUSTICE · Testing the Chinese Development Model under the Capabilities Approach: The Effects of Preferential Policies and Special Economic Zones on Inequality and Social Justice
Horizon 2020 — Marie Skłodowska-Curie Actions
- Duration
- 2020-07-01 → 2022-06-30
- EU contribution
- €172,932
- Participants
- 1
- Scheme
- MSCA-IF
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Results in brief
Testing the Chinese Development Model under the Capabilities Approach: The Effects of Preferential Policies and Special Economic Zones on Inequality and Social Justice
Over the last forty years, the PRC has employed a unique model of development, relying on the experimentation of preferential policies in special economic zones and a combination of state-managed and market-oriented economic policies. As a result, the PRC has consistently outperformed negative economic forecasts and outlooks based on traditional western economic theories and modelling, earning it the characterization of a “development and growth miracle”. However, the PRC’s plans are to transition into an economy that won’t be led by production and exports, but instead by services and consumption. This ongoing, and gradual, transition will affect the relationship between China and international economies. Firms that rely on Chinese goods and services will experience higher costs and prices, while new opportunities will emerge for firms selling goods and services to the increasingly-open Chinese consumer market. The main objective of this research proposal is the identification of which sectors of the Chinese population and economy are better prepared and suited for the upcoming transitions. General Objective 1: Identify which population groups are heading towards prosperity and which are at greatest risk. General Objective 2: To establish if the identified groups will have sufficient rights and social justice to prosper. General Objective 3: The creation of a development-capabilities index for different sectors of the Chinese population and economy that will indicate policymakers, domestic and foreign firms, the public and academics what the current state, and potential, for the next market reforms will be.
Data: CORDIS, © European Union
Project objective
The People's Republic of China (PRC) gradually transitions from an export-led and investment-driven economy towards a service-led and consumption-driven economy. These upcoming reforms will affect firms that rely on Chinese goods and services, but also create new opportunities to sell goods and services to the emerging Chinese consumer market. Given the use of experimental and preferential policy treatments by the PRC over the last four decades to promote economic development, different sectors of the Chinese population and economy will have different capabilities and (dis)-advantages in the forthcoming transitions. This project will identify which population groups are heading towards prosperity and which are at greatest risk of remaining in poverty and development traps. While previous research have identified links between preferential policies and inequality, this research extends the existing studies by applying the Capabilities Approach, examining rights and social justice, which will help create a more prosperous consumer market. The varying levels of inequality, human capital, rights and social justice for the Chinese consumer market will be analyzed through club convergence and partial (meta) rankings methodologies from 1985 onwards. A development-capabilities index for different sectors of the Chinese population and economy will be developed to indicate policy makers, domestic and foreign firms, the public, and academics what the current state and potentials for the next market reforms will be. The results will be enable European, and international, firms to better target Chinese consumers and industries, and help academics develop a theoretical framework based on the Chinese preferential and experimental development experience.
Original text from CORDIS.
Participants
- INSTITUT QUIMIC DE SARRIA · BarcelonaCoordinatorSpain
Links
Data: CORDIS, © European Union