extended project qualification presentation slides
TRANSCRIPT
TO WHAT EXTENT HAS CHINA'S POLITICAL SYSTEM AND SUBSEQUENT ECONOMIC REFORMS FROM 1978 IMPACTED UPON ITS ECONOMIC SUCCESS?By Callum Coombs
WHY THAT QUESTION? Political economy
Appreciation of how politics and economics can interact from AS
Arab uprising/conflict in Syria/UK Budget
Significance?
Positive or negative?
WHY THAT QUESTION? China
High economic growth – why?
Economic inequality – reasons? Rectified?
Different government to UK
Sustainable?
WHY THAT QUESTION? Economic Reforms in 1978
Initial research - transitional phase in government
Impact on economic success?
Effectiveness? Most effective?
Allows advanced models beyond A level to be used/investigated – deepen analysis.
EPQ PROCESS Determinants/factors contributing to China’s growth
Area to investigate its significance in growth of China
Economic measures of success (Methodology)
Political structure influence on growth
Differences to democracy/West
Supervisor – specific focus/quantify further
Mid Map constructed
MIND MAP
SECOND MIND MAP
AIMS Extent to which politics can influence economics
Type of government influences on economy
Which market is most beneficial?
Most significant reform?
Correlation between reforms and economic objectives
Economic measures interaction
Sustainability of reforms
METHODOLOGY:POLITICAL SYSTEM UK – democracy/privately run economy -
capitalist
Only market failure controlled by government
China – communist - centrally controlled economy
1978 – some less centrally controlled markets
Relaxing of regulations
CASE STUDY: AGRICULTURE SECTOR Scarce food supplies - threat of a famine
Market failure
Targeted production/management/expenditure
‘Household responsibility system’
Entrepreneurship – profit and revenue kept by farmers. Regulations relaxed
First introduction of capitalist attitude in the Chinese economy
POVERTY RATIO IN CHINA
Ghosh, J. Poverty Reduction in China and India: Policy Implications of Recent Trends Available at: http://mrzine.monthlyreview.org/2010/ghosh090310p.html [accessed: 23th October 2013]
‘POVERTY LINE’ ACROSS REGIONS
Addison, T. and Niño-Zarazúa, M. Redefining Poverty in China and India: What Does This Mean for the Fight Against Global Poverty? Part I Unu-Wider http://www.wider.unu.edu/publications/newsletter/articles-2012/en_GB/01-2012-Addison-Zarazua/
AGRICULTURE SECTOR OUTPUT
Ghosh, J. Poverty Reduction in China and India: Policy Implications of Recent Trends Available at: http://mrzine.monthlyreview.org/2010/ghosh090310p.html [accessed: 23th October 2013]
AGRICULTURE SECTOR AS PART OF THE CHINESE ECONOMY
BBC News The economy’s long march http://news.bbc.co.uk/1/hi/special_report/1999/09/99/china_50_years_of_communism/453330.stm [accessed: 23th October 2013]
SPECIAL ECONOMIC ZONES Investment/keep more revenue/freedom of
circulation of currency, loans etc. Free from government regulation FDI
The Growing Significance of the Ocean for China's Opening up (2) English People's Daily Online Available online at: http://english.people.com.cn/100668/102793/102809/7646795.html [accessed: 23th October 2013]
INVESTMENT IN CHINA
Yong, P. The China Renminbi (RMB) PAULINE YONG BLOG http://paulineseconomicsforum.blogspot.co.uk/2010/06/china-renminbi-rmb.html [accessed: 23th October 2013]
PRICE LEVEL Government determined price level of
goods/exchange rates The price level to be determined my market
forces Enterprises to plan levels of output and price
setting
China Inflation Rate Historical Chart About Inflation http://www.aboutinflation.com/inflation-rate-historical/china-inflation-rate-historical-chart [accessed: 23th October 2013]
LITERATURE REVIEW:MODELS
Barro, R.J. Economic Growth in a Cross Section of Countries The Quarterly Journal of Economics Available online at: http://www.econ.nyu.edu/user/debraj/Courses/Readings/BarroGrowth.pdf [accessed: 23th October 2013]
MODELS HDI
A long and healthy life: Life expectancy at birth
Education index: Mean years of schooling and Expected years of schooling
A decent standard of living: GNI per capita
Citizen welfare measure
MODELS Producer price indices (PPIs)
This measures average changes in prices received by producers for their output
Relevant for producers
Relevant for my aims – agriculture
CONCLUSION Answering aims
Significant political influence on economy Capitalist market allowed growth – not
without problems SEZs most beneficial reform Reforms sustainable for China’s growth today Economic measures interaction strong
Economic variable Red Amber Green
Agriculture sector
Citizen welfare
Foreign investment
Price level
GDP
GDP GROWTH
Henry, K. China - Basic Backgrounds and Current Issues MarketThoughts.com http://www.marketthoughts.com/z20050130.html [accessed: 23th October 2013]
SUSTAINABILITY
China: Gross Domestic Product (GDP) China Profile http://www.china-profile.com/data/fig_gdp_1a.htm [accessed 23 October 2013]
FURTHER RESEARCH Political economy - 2000’s
Comparison between reform of 1978 and today
Sustainability
Affect of political system in changing growth
Relationship between politics and economics – more influence in 1978 or now?