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ID:
164432
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| Summary/Abstract |
For four decades, China has gradually re-shaped the distribution of global economic activity, underpinned by a low-wage demographic dividend era. For around a decade, however, both demographic and economic structural change, at home and abroad, have incrementally shifted China's comparative advantage away from low-wage industrialisation. In response, China now seeks to become an international investor in these industries under the umbrella of the country's flagship Belt and Road Initiative. That set of changes, in turn, offers a new context of opportunity for developing countries, and especially so for Indian Ocean (IO) countries that are strategically placed along a continental coastline and in the early phase of a process of demographic transition. This explains the economic demography imperative underlying China's twenty-first-century interest to deepen economic ties with IO countries under the umbrella of the 'Maritime Silk Road of the twenty-first century' initiative.
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| 2 |
ID:
183203
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| Summary/Abstract |
The tragedy of history's greatest-scaled Malthusian stagnation—the famine and disorder of mid 20th century China—instigated not only dramatic economic reforms from late 1978, but also unique demographic agendas. Separately China's economic and demographic agendas have received substantial attention in the literature. Although their cointegration appears to have formed a fundamental pillar of China's recent economic development success, that integration has received relatively little attention in the literature. This article elaborates China's long-run economic demography approach to its modernisation agenda and the implications for China's ageing-intensifying development prospects. This contributes to the related academic record and sets out what is prospectively a very informative and useful economic development policy reference point for policymaking in all countries.
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