Structural imbalances in the Chinese Economy after the 2008-2012 Financial Crisis. Reflections from Latin American Economic Thought

GUSTAVO SANTILLÁN

Mundo e Desenvolvimento

Instituto de Estudos Economicos e Internacionais

Lugar: San Pablo; Año: 2018 vol. 1 p. 204 - 226

2596-108X

This work develops a reflection over the Chinese economic structural imbalances, as evident in the aftermath of the 2008-2012 Financial Crisis. To do so, it presents a review of some relevant concepts provided by, first, the current literature on the so called ?middle income? economies; secondly, the work advances in the search of contributions originally produced by the Latin American Economic thought, together with theoretical developments formulated by Arthur Lewis work on development economics, considered as an appropriate tool for the analysis of the Chinese economic transitionsince 1978. This review is presented together with an exposition of the main traits of the Chinese economy,accomplished by means of aggregate indicators examination. From this analysis, we came to identify some traits that resemble China with an unbalanced productive structure. The economic imbalances of the Chinese economy, in this regard, lay on the existing links between the country and the world economy and, finally, constitute major challenges for the sustainment of the development process.