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Sino-American Ideological Clash: Washington Consensus and Beijing Consensus
Šrámek, Petr ; Sehnálková, Jana (advisor) ; Bečka, Jan (referee)
The objective of my master's thesis, "Sino-American Ideological Clash: Washington Consensus and Beijing Consensus" is to consider two models of economic development, the Washington Consensus and the Beijing consensus. In the first part, I analyze the discourse that evolves around these two concepts, and I also consolidate the definitions of these terms. Washington Consensus was a set of specific rules for macroeconomic policy of the state. As a result of the ending Cold War, the discrediting of alternative models of economic development and direct link of this model to the financial support from international financial institutions, the popularity of the Washington consensus in the 1990s soared. The democratization of the country was perceived as another unwritten rule. In the wake of the Asian financial crisis of 1997, as well as other crises in developing countries which actively engaged the World Bank and IMF, the term has been largely discredited. It was associated with concepts like 'shock therapy', 'neoliberalism' or 'market fundamentalism'. Meanwhile, the long-term economic growth of China drew the attention of developing countries. In connection with the declining popularity of the Washington Consensus and the global economic crisis, the demand for alternative development policies increased. The...
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Sino-American Ideological Clash: Washington Consensus and Beijing Consensus
Šrámek, Petr ; Sehnálková, Jana (advisor) ; Bečka, Jan (referee)
The objective of my master's thesis, "Sino-American Ideological Clash: Washington Consensus and Beijing Consensus" is to consider two models of economic development, the Washington Consensus and the Beijing consensus. In the first part, I analyze the discourse that evolves around these two concepts, and I also consolidate the definitions of these terms. Washington Consensus was a set of specific rules for macroeconomic policy of the state. As a result of the ending Cold War, the discrediting of alternative models of economic development and direct link of this model to the financial support from international financial institutions, the popularity of the Washington consensus in the 1990s soared. The democratization of the country was perceived as another unwritten rule. In the wake of the Asian financial crisis of 1997, as well as other crises in developing countries which actively engaged the World Bank and IMF, the term has been largely discredited. It was associated with concepts like 'shock therapy', 'neoliberalism' or 'market fundamentalism'. Meanwhile, the long-term economic growth of China drew the attention of developing countries. In connection with the declining popularity of the Washington Consensus and the global economic crisis, the demand for alternative development policies increased. The...
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Trade Policy of PRC in Sub-Saharan Africa
Gažar, Marek ; Pavlík, Petr (advisor) ; Stuchlíková, Zuzana (referee)
The main objective of this study is to analyse Trade Policy of PRC in Sub-Saharan Africa in a comparison with an approach of western countries. Moreover describe causes of dynamically developing Sino-African cooperation in last fifteen years, when China became a strategic business partner of many countries in the region at the expense of western countries which in the past represented traditional business partners of Sub-Saharan countries. First part describes period of economic reforms in China which started remarkable economic growth and helped the country to become one of the world trade superpowers. Then it defines characteristics of Sub-Saharan Africa which influence international trade relations of the region, both in a positive and negative way. Second part summarize trade between Sub-Saharan Africa and China describing history of trade relations and current territorial and commodity structure of the trade. Third part analyses PRC Trade Policy in Sub-Saharan Africa which is based on principles of Beijing Consensus. This part provides a comparison of different approach of China and western countries (their approach is based on Washington Consensus) towards their business partner in Sub-Saharan Africa. Afterwards, it summarizes different tools of China's trade policy in this region, which are then demonstrated on case studies of Angola and Nigeria.
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