The Beijing Consensus

Description

To measure Chinese power based on the tired rules of how many aircraft carriers she has or on per-capita GDP leads to devastating mis-measurement. ... To the degree Chinas development is changing China it is important; but what is far more important is that Chinas new ideas are having a gigantic effect outside of China. China is marking a path for other nations around the world who are trying to figure out not simply how to develop their countries, but also how to fit into the international order in a way that allows them to be truly independent, to protect their way of life and political choices in a world with a single massively powerful centre of gravity. I call this new physics of power and development the Beijing Consensus.

The center of the Beijing Consensus, Ramo argues, is constant, massive, sustained innovation:
Innovation sustains the progress of a nation, Jiang observed. ... Chinas problems are so massive that only exponential improvements in health care, economics and governance can hold China together. This is the old, deadly conundrum of reform: how do you introduce solutions into a society that is shredding itself with hope and growth. The only solution is innovation... In China, Moores law isnt seen as a threat but as a salvation. The conventional wisdom is that Chinese growth is an example of what happens when you let loose lots of cheap labour. In fact, innovation-led productivity growth has sustained the Chinese economy and helped to offset disastrous internal imbalances.

I've excerpted a couple other choice bits below, but I encourage you to download the paper for yourself. He may or may not be right, but Ramo will tweak your thinking about China.




http://rapidshare.com/files/207096407/beijing_consensus.rar

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