Question

rcion. That ost eff such policies seem "natural" and "common term lib where in indication of the hegemonic power of the United Stats a stitution of simp radical 1 a few s core asS Propone ism emb stitution subjectec trade to roducts For Discussion the 1. China's economic policies are based on state control e is going to is that aterialsBeijing Consensus, is seen as a challenge to the dom n a freeinance of the neoliberal Washington Consensus. Will Again,China's economic success encourage other nation- s in the e falls. 2. The recent Brexit vote in the UK and the trade poli- evalued price of n third vestors of the economy. All capitalist activities serve the interests of the nation-state. This system, called the states to take more control over their economies? cies of the Trump Administration suggest that theid of free trade is being undermined by protectionism or economic nationalism. Does this suggest the end of the liberal international order or the Washington Conse underpin liberaliza economi the norn this dilem nsus

Answer 1

Since no specific question number is asked to be answered, As per Chegg's policy, first question has to be answered.

Answer: Since answer to this cannot be generalized, I will present views that both support and are against this motion. The relative importance would decide upon the actual future outcomes.

In favor of the motion:The major economies has, over the period of time, has moved towards adopting Neoliberal policies. At the initial stages, it has generated a high rate of economic growth, however, recently, the world has started seeing its associated problem. The rising income inequality globally is a reason of Neoliberalism. Providing more tax incentives to capitalists and a very low interest rate are the major contributing factors to this rising inequality. Besides this, during the Global financial crisis, when many western economies are struggling, China managed to easily manage the crisis. The role of the government to create counter-cyclical force in a recession is ignored by Neoliberals, which is used in Chinese growth model. As a result, China has been able to produce a double digit growth for the last three decades. These factors can make the economies consider to include the policies of Beijing consensus in their policies.

Against the motion: It is undeniable that China has produced a growth rate which is unprecedented in the history of capitalism. However, we can not ignore the fact that this system of state autonomy has led to a high level of corruption and crony capitalism. Moreover, this is largely believed that the official statistics of chinese economy are manipulated, which raises the questions on its credibility. There are many examples of economies which has attained a high rate of growth after introducing Neoliberal policies, including India. In Neoliberal policies, it is believed that the business of the government is not to do business, but to provide an enabling environment to entrepreneurs to do business. This leads to a high productive allocation of capital. These are the factors which prevents the economies to adopt the policies of Beijing consensus.