Project Financing For A Third World Country Through World Bank China’s Mercantilism and New Global Economic Order

You are searching about Project Financing For A Third World Country Through World Bank, today we will share with you article about Project Financing For A Third World Country Through World Bank was compiled and edited by our team from many sources on the internet. Hope this article on the topic Project Financing For A Third World Country Through World Bank is useful to you.

China’s Mercantilism and New Global Economic Order

Modern communication technology has allowed China to achieve a centralized bureaucracy that is less likely to be overstretched and overly burdensome. The danger of some parts of the central government dissolving into regional structures, with insurgent consequences, is diminishing every year. However, the risk is not completely eliminated if rapid economic growth leads to severe stagnation and adverse effects on GDP. To this day, China has the disproportionate centralization of 18th-century France and happily engages in large-scale mercantilist practices.

Chinese society is not yet fully urbanized and consolidated. Beijing cannot yet engage in the same sophisticated business practices as Japan and Singapore. The Chinese political center has recently overcome the last vestiges of feudalism, militarism and peripheral regional integration. Having addressed that, China is following the same economic path that allowed the Kaiser’s Germany to develop rapidly, taking advantage of the British post-communist free trade period. It is very historically appropriate. Beijing need not emulate Spanish, British or French mercantilist experiences.

For a nation with a 5-year plan, it makes sense to skip development steps and try to get from Kaiser Germany’s macroeconomics to Japan’s. To date, China has developed a rapid neomercantilist by book:

1) The government enforced a positive trade balance through protectionism and currency controls (the yuan was pegged to the dollar).

2) Self reliance in agriculture and production of basic to advanced commodities

3) Acquisition of large amounts of money and gold (worth about a trillion dollars as of 2009). Controls to prevent wealth from leaving the country through protectionist restrictions on imports

4) Large-scale mining and infrastructure projects to increase domestic resource and land use. Hamilton and Quincy Adams would be proud of what Beijing’s coastal elite have achieved over the past 20 years. China also secures 60% of Africa’s resource exports and is structurally integrating Central Asia and Siberian Russia into its resource feeding network.

5) Keeping the wages of the total population low to increase the overall output of the country. This can easily be accomplished by the underdevelopment of western provinces like Tibet. The one-child policy has been imposed more on the wealthy Mandarin ruling coalition than on peripheral ethnic groups. Uneven implementation of the One Child Policy makes peripheral ethnic groups more fertile and poorer. Coastal urban dwellers spend more energy on advanced wealth-creating jobs rather than saving to raise more children.

6) Limiting imports to natural resources and procuring large quantities of foreign expert talent in engineering, electronics, economics and any of the hard sciences.

Current opinions and international actions are only reactive so far. The West is mainly focused on China’s efforts to stop the rapid devaluation of the dollar it bought by creating an international reserve currency (before all of it is eventually used up for natural resources). Some see how the international slowdown could be used by China, from less advanced manufacturing to compete with the Germans and Japanese on price when it comes to advanced electronics and electric cars. The Chinese belief in constructive criticism of the existing international economic system is often mentioned.

Much less attention has been paid to the effects of global drag on the trading system. China is becoming more predictable and thus out-maneuverable. Basically, Britain was economically successful because it incorporated the principle of free trade into business practices before Spain or France. It stayed one step ahead of the competition. However, the new economic hybrid created elite capitalist interests that used liberal principles to reduce state involvement in the economy. Wealthy export interests (who controlled the House of Commons and public opinion through the press) used appeals to individual liberty to destroy the mercantile/free trade hybrid that made Britain powerful and wealthy. Britain’s coastline however declined economically as hybrid societies were able to build new waves of industrial estates through neomercantilist practices (Germany/USA). As Britain’s industrial power declined, it focused on its core strength of money management, leading to the passing of the torch to Wall Street in the 20th century. Europe’s great competitive banking hubs (Paris, Berlin, Moscow) were pillaged in wars/revolutions. We now see what happens when banking and finance become the main force and emphasis of the economy.

China is now in the process of moving into the final stage of asset centralization, focusing on the development of advanced products such as cars and computers. The rapid economic assimilation of Taiwan and Hong Kong will quickly aid that process. Western investment in Taiwan created a high technology and competitive know-how base. Many Taiwanese oligarchs have already integrated their companies with the mainland. Ideologically, Taiwan’s Kuomintang political center can now easily cooperate with the Chinese authorities. People forget how important socialism was to Chiang Kai-shek’s original nationalist ideology.

Very soon, China will start building high-tech goods to compete with Germany and Japan for markets in Russia, Europe and North America (as well as low-end cheap electric cars sold in developing nations). They would be forced to use the existing free trade international system (perhaps stabilized by the IMF’s Special Drawing Rights currency basket) to push these products abroad.

How do the Chinese want the world to look after their products flow into middle-class Western markets? They want no protectionism from Europe, Russia, Japan or North America. They want to see rule of law and capitalist compliance from everyone in the world. They’ll be fine with reducing North America and Europe to South American-esque resource providers and vacation destinations. We can see that if China takes on Japanese-level importance in high-tech exports, they will eventually be able to relax the amount of force necessary to nationally integrate and maintain social stability.

In a few decades, the Communist leadership in Beijing would be able to claim that they had not only lifted the nation out of poverty;

1) Beat the westerners at their own game like Japan did (but without the period of war on resources)

2) Creating a true sense of nationalism, inter-racial peace and a modern nation-state as envisioned by Chiang Kai-shek

3) Making good use of the communist fruits of emphasizing mass literacy and science/engineering while ignoring the mistakes of the Soviet Union while going through perestroika

4) In terms of free trade, peaceful co-existence, lack of harmful interference in the trade of other societies, separatism, respect for the borders of small states and trade cooperation, the torch has been taken from the United States as a global role model.

5) Built more for the developing world than economically oriented English speakers by exchanging resources for real engineering construction projects.

6) Helped to create a stable world currency for further international development

Such claims would allow the Communist Party to win election after election for decades, even if it allowed for political pluralism. In many Asian states, even after democratization, single-party rule persisted for decades. Emphasis on cultural collectivism and compromise allows power elites to work together. Following Britain’s experience, China could easily develop pragmatically, build a financial center through Hong Kong, bring in new resources (such as helium 3 from space exploration) and guide humanity by being the center of its progress.

History has shown that the world’s dominant elites will not allow such an unfettered ascension. Cutting off resources and containment is extremely hostile. Japan and Imperial Germany have shown that. An advanced hybrid of mercantilism and free trade (from a sufficiently strong society economically and technologically) will be the only way to balance Chinese ascension. Only a European Union with English- and Russian-speaking allies has what it takes to effectively compete and prevent the formation of a long-term hegemony culturally and psychologically uncomfortable for Westerners.

A previous article mentioned how the Chinese bureaucracy is less likely to destabilize again. This is an example of the many times in China’s history that there have been terrible civil wars and rebellions from the poorer, less developed periphery. China’s Gini index, which measures income inequality between the country’s rich and poor, shows that China is even more economically unequal than the US. Today, Beijing’s authoritarian regime keeps a lid on problems from oligarchic coastal factions, rural/regional factions and oligarchs emulating urban western liberals.

The work of the European Union, to deal with the near future, includes:

1) Being proactive rather than reactive to Chinese, American or Russian moves

2) Acquiring valuable allies to increase influence. This means working with Russia to push American/British influence out of Central Europe and then working with England to push American influence out of NATO. Then NATO may end and the US is approached as an equal power to work with.

3) Being practical when getting resources from other nations and not looking at human rights. Europe still has time to lock in substantial resource exports from the Third World, especially Africa. This could help Russia develop Arctic energy reserves and outpace Chinese resource extraction/exploration companies in Central Asia.

4) Strengthen EU structures such as the European Parliament, so more coherent actions can be taken with more popular trans-European legitimacy.

5) Use advanced collective protectionist methods to keep an edge in high technology products to stay one step ahead of China. Contribute more constructively to global currency creation through the IMF where the Westerners still dominate.

6) Work with the United States and England to peacefully and productively manage the geopolitical, social, and economic collapse of the United States. Invite young American professionals to the European Union to displace social pressures from relying on less assimilated Muslim immigrants. Become a stable adult co-equal mediator between Russia and the United States so that the two former superpowers can contribute productively and provide nuclear security. Open borders to young educated Westerners from around the world to balance the aging of Europe.

7) Develop strong ties with regional powers such as Japan and India to counter Chinese cultural influence. To that end, rapidly expand financial support to them in climate change infrastructure, energy, military and space-building.

8) Educate the public broadly about climate change and China’s loss of technological edge in non-confrontational terms. Take the lead in identifying petty conflicts (like Poland’s mistrust of Russian cooperation in Europe) and offer concrete financial/developmental incentives to key actors to overcome them.

Brussels has plenty of time to effectively integrate on the China front. This requires the same long-term vision, developmental eye and good historical sense as their Chinese Politburo counterparts. Europe is economically more egalitarian than China. It has more power elites and sophisticated professionals. It should find a way to be protected by the Russo-American nuclear umbrella (without being controlled by them) so integrated European defense doesn’t cost a lot of money. Together, the world’s Westerners approach a billion and are nearly as numerous as the Chinese (less than half of the Chinese speak the dominant dialect of Mandarin). Western civilization has the qualitative expertise to provide solid competition that benefits all of humanity.

Video about Project Financing For A Third World Country Through World Bank

You can see more content about Project Financing For A Third World Country Through World Bank on our youtube channel: Click Here

Question about Project Financing For A Third World Country Through World Bank

If you have any questions about Project Financing For A Third World Country Through World Bank, please let us know, all your questions or suggestions will help us improve in the following articles!

The article Project Financing For A Third World Country Through World Bank was compiled by me and my team from many sources. If you find the article Project Financing For A Third World Country Through World Bank helpful to you, please support the team Like or Share!

Rate Articles Project Financing For A Third World Country Through World Bank

Rate: 4-5 stars
Ratings: 2005
Views: 53791579

Search keywords Project Financing For A Third World Country Through World Bank

Project Financing For A Third World Country Through World Bank
way Project Financing For A Third World Country Through World Bank
tutorial Project Financing For A Third World Country Through World Bank
Project Financing For A Third World Country Through World Bank free
#Chinas #Mercantilism #Global #Economic #Order

Source: https://ezinearticles.com/?Chinas-Mercantilism-and-New-Global-Economic-Order&id=2407890

Related Posts

default-image-feature

Project Activities Are Based On Scope Finance And Project Components Optimal Cost Structure and Effective Scale Economies

You are searching about Project Activities Are Based On Scope Finance And Project Components, today we will share with you article about Project Activities Are Based On…

default-image-feature

Programs To Help Grads Manage Student Loan Debt And Finances Reduce Your Debt Fast While Seeing the World – As Easy As Yi, Er, San

You are searching about Programs To Help Grads Manage Student Loan Debt And Finances, today we will share with you article about Programs To Help Grads Manage…

default-image-feature

Professional Accountant Working In Corporate Finance Have To Comply With Accounting Courses – Become a Chartered Accountant

You are searching about Professional Accountant Working In Corporate Finance Have To Comply With, today we will share with you article about Professional Accountant Working In Corporate…

default-image-feature

Proceeds From Issuance Of Common Stock Is Finance Cash Flow National Debt History

You are searching about Proceeds From Issuance Of Common Stock Is Finance Cash Flow, today we will share with you article about Proceeds From Issuance Of Common…

default-image-feature

Problems Within The Finance Industry In 2008 Have Been Attributed Youth Crime Reduction Through Enterprise Development

You are searching about Problems Within The Finance Industry In 2008 Have Been Attributed, today we will share with you article about Problems Within The Finance Industry…

default-image-feature

Pro/Con Should All High Schools Take Coruse In Personal Finance Top Reasons Why You Should Invest in Your Continuing Professional Development

You are searching about Pro/Con Should All High Schools Take Coruse In Personal Finance, today we will share with you article about Pro/Con Should All High Schools…