The world and China’s place in it have been transformed over the past year. The pressures for change have come from the most severe global financial crisis ever. The crisis has accelerated China’s emergence as a great power. But China and its global partners have yet to think or work through the consequences of its new position for the governance of world affairs. China’s New Place in a World in Crisis discusses and provides in-depth analysis of the following questions. How have China’s growth prospects been affected by the global crisis? How will the crisis and China’s response to it impact China’s major domestic issues, such as industrialisation, urbanisation and the reform of the state-owned sector of the economy? How will the crisis and the international community’s response to it affect the rapidly emerging new international order? What will be China’s, and other major developing countries’, new role? Can China and the world find a way of breaking the nexus between economic growth and environmental sustainability — especially on the issue of climate change?
Summary
14 July 2009 - Coombs Lecture Theatre, ANU, Canberra, Australia.
The world and China’s place in it have been transformed over the past year. The pressures for change have come from the most severe global financial crisis ever, and from what so far is the largest decline in output over a comparably short period in the history of the word economy.
China and its economic prospects have also changed, but not so much as China’s place in a changing world. The global financial crisis has accelerated China’s emergence as a great power, in advance of China or its global partners thinking and working through the consequences for managing the implications for the governance of world affairs.
The China Update 2009 brings an international group of authorities together to examine how China’s increasing significance effects macroeconomic adjustments amid the current global recession, economic and financial integration, and issues of the environment and climate change.