Ramo, Joshua Cooper. The Beijing Consensus, Foreign Policy Center, 2004, Page 3
The BC prescribes slow gradual reform, that allows the current regime to maintain stability, security and order. This is a favourable environment for business to operate under. In fact, in some ways is superior to fledgling democracies which are volatile and unstable in transition.
Based on the current status, the United states is still the world leader: USA outranks China on Correlates of War index, but China's capacity for cyber warfare may allow them to leapfrog USA in next war.Although China's economy is growing faster, is more stable, and more liquid. The US is still the undisputed leader in GDP, and the largest economic engine in the world today. China has the largest population in the world, has just surpassed the US in OECD education rating, and has the world's largest online community and growing. Average age in China is younger than the US. Average income is still very low in relation to the US, but is growing.US diplomatic power is unrivaled and although China's influence with institutions is growing, they will not rival the US in diplomatic power in near future US softpower is in decline. Perhaps due to some resentment of the world leader. China ranks just behind US in PIPA rating poll. As we will show, China has much more appeal with developing nations. The BC could be a key component to Chinese soft power against the US and the WAC. The US is more willing to act abroad than China. China has recently become more active in international affairs, and the US is perhaps been too active, leading to a negative opinion of the US in many developing countries. US is and will remain the power in this area for the forseeable future.
With China’s strength for cyber and economic war, economic growth and growing influence and soft power, we expect that China will overtake the US as the overall world leader – assuming present trends continue. The last bastions of US power will be diplomatic, and their willingness to act. According to Modelski, this willingness to act would prove to be the final death knell of the declining leader in that, they would expend what little resources they have left trying to preserve their empire.
Important to ask what lessons the China model or BC do have for developing nations? Perhaps the most important lesson is that there is another way from the hegemonic order that is the WAC. When the IMF tells a country that they must sell their state-owned companies, the nation could respond: Why should we do that, China didn’t? It is not realistic to believe that there is one way for all nations to develop, whether that is the WAC, the BC or some mixture of the two.
Turin, Dustin R. China and the Beijing Consensus: An Alternative Model for Development. Student Pulse Academic Journal. January 2010 Page 11
Beijing consensus narrates
Ideological Appeal and the Beijing Consensus<br />Cohort A Team 3<br />Alan Scott<br />Chad Cunningham<br />ElwardJellison<br />Heather Lawson<br />SunitaThaleshvar<br />
Sources: John Williamson, ‘What Washington means by policy reform’, in John Williamson, ed., Latin American Adjustment: How Much Has Happened? (Washington, DC: Institute for International Economics, 1990). Kennedy, Scott. "The Myth of the Beijing Consensus." Journal of Contemporary China 19, no. 65 (June 2010): 8.. Academic Search Premier, EBSCOhost (accessed August 23, 2011).<br />
Ramo, Joshua Cooper. The Beijing Consensus, Foreign Policy Center, 2004, Page 4<br />
To those that support the Washington Consensus, the disappointing results were a sign it was misunderstood. <br />To the critics, the failure of the Washington Consensus demonstrated the need for a new approach.<br />Scott Kennedy, “The Myth of the Beijing Consensus,” Journal of Contemporary China, 19:65, 462<br />
Joshua Cooper Ramo, author of “The Beijing Consensus”, writes;<br />“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…”<br />
“For the first time in many years it is not the western democracies that are defining the future of our planet.”<br />Rein Mullerson, “Crouching Tiger or Hidden Dragpn?” Shuzheng, accessed August 18, 2011<br />
Rein Mullerson, “Crouching Tiger or Hidden Dragon?” Shuzheng, accessed August 18, 2011<br />
China’s approach to unencumbered aid appeals to developing nations<br />http://www.telegraph.co/uk/news/worldnews/asia/china/8243751/Beware-the-Beijing-Consensus-is-a-sinister-one.html<br />http:///www.thebrokeronline.eu/en/Articles/How-will-the-Beijing-Consensus-benefit-Africa<br />
Foreign Aid with no strings attached…<br />“While traditional donors in many cases require reforms to be undertaken or elections to be held before aid is dispersed, China does not”<br />KristianKjollesdal, “Foreign Aid Strategies: China Taking Over?” Asian Social Science, Vol 6, pg 7<br />
“For developing countries, ability to develop economic growth, maintain ethnic harmony (in case of multi-ethnic societies), limiting corruption, sustaining order and stability are equally if not rather more, important considerations than democracy”<br />
China appeal with developing nations…<br />Unknown Senior Chinese Leader. Ramo, , Joshua Cooper. The Beijing Consensus, Foreign Policy Center, 2004, Page 24<br />
Sudan opinion poll… shows that China soft power is greater with developing nations…<br />
The political structure of China is seen as synonymous with social order and the overall objective is developing a harmonious and balanced society.<br />
Six out of seven nations comprising Lebanon, South Africa, Chile, Brazil, Argentina and Mexico favour China influence in the world <br />
Effects on multinationals<br />Increase in state-owned businesses. <br />When in China… do as the Chinese do. <br />
The GE strategy in China: <br />Localize. <br />Satisfy the needs highlighted by the government<br />Cooperate with major state-owned enterprises<br />Source: Meeting of the multinationals. Beijing review. http://www.bjreview.com.cn/quotes/txt/2010-09/20/content_299308.htm<br />
Good business environment<br />Samsung’s CEO Yun Yong states; “Chinese officials are perhaps the most accommodating in the world to foreign investors, because their job performance is evaluated on the amount of foreign capital they attract.”<br />
China is the biggest recipient of foreign direct investment in the world.<br />
The World Bank has convened a Beijing conference on the theme of “What other countries can learn from China”<br />“China’s robust economic performance should be a source of inspiration for other developing countries”*<br />WTO head SapachaiPanitchpakdi<br />
What lessons does the Beijing Consensus have for developing nations?<br />There is another way…<br />A key component is self-determination.<br />Western nations tend to push their ideology onto developing nations.<br />
Is the Beijing Consensus is limited by China’s own unique experience?<br />the long experiment with socialism <br />the world’s largest population<br />a noteworthy Confucian tradition<br />a unified national identity all make China distinctly Chinese. <br />Turin, Dustin R. China and the Beijing Consensus: An Alternative Model for Development. Student Pulse Academic Journal. January 2010 Page 11<br />