Priorities of China’s Economic Development in Contemporary Official Ideology

Borokh, Olga

doi:10.31063/altereconomics/2023.20-1.10

2023

DOI: 10.31063/altereconomics/2023.20-1.10

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Priorities of China’s Economic Development in Contemporary Official Ideology

Olga Borokh¹

Abstract: The official interpretation of the priorities in China’s economic development that influences searches in economic theory is rooted in generalization of practical experience. The study of this mechanism can deepen our understanding of the relationship between ideology and economic theory in today’s China. This article analyzes the evolution of “Xi Jinping’s economic thought” since the second half of the 2010s. Its basic components are related to economic governance, national development priorities and economic… Show more

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“…For citation: Volynskii, A. I. (2023). Political economy of socialism with Chinese characteristics: on the issue of intra-and interdisciplinary synthesis.…”

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Political economy of socialism with Chinese characteristics: on the issue of intra- and interdisciplinary synthesis

Volynskii

2023

RusJEL

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Objective: to show the ontological potential of interdisciplinarity and paradigmatic pluralism in economic research by the example of the Chinese-specific socialism model and its description in Western socio-political discourse.Methods: qualitative methods (discourse analysis, comparative analysis, generalization).Results: the work shows the features of the discourse in modern economic theory regarding the problems of intra- and interdisciplinary synthesis. The economic mainstream, claiming the accuracy of its method of creating scientific knowledge, can and does become the basis of political knowledge and ideological judgments. Describing certain aspects of reality, the mainstream normalizes them, and sometimes elevates them to the rank of a rule. Based on the analysis of the Chinese model of economic reforms, the article shows that in Western socio-political and scientific discourses regarding this model, both at the stage of their beginning and now, there are erroneous ideas and expectations about the purpose, content and results of the reform process. The root cause of this false perception is, assumingly, the disciplinary isolation of economics, as economics is considered to be a universal extrapolitical and extra-cultural constant. To confirm this thesis, the main stages of the transformation of the ideology of building the Chinese economic model, its transition from an anti-market and anticapitalist position to a Chinese-specific socialism model are considered. It is shown that among the trajectories of China’s future development, Western economists and politicians saw only the two main ones: creeping liberalization and limiting the influence of the state in the Chinese economy, accompanied by democratization of the political sphere, on the one hand, and reaching the limits of economic growth possible for countries with authoritarian institutions, on the other. However, the collective action factor ignored by researchers has formed a stable growth economy, not accompanied by political liberalization.Scientific novelty: consists in comprehending the discourses about the Chinese economy as a result of the challenge posed by the Chinese reforms to mainstream political economy.Practical significance: the provisions and conclusions of the research can be further used to study the influence of economic theory on socio-political discourses and political decisions.

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“…For citation: Volynskii, A. I. (2023). Political economy of socialism with Chinese characteristics: on the issue of intra-and interdisciplinary synthesis.…”

mentioning

confidence: 99%

Political economy of socialism with Chinese characteristics: on the issue of intra- and interdisciplinary synthesis

Volynskii

2023

RusJEL

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Russian economic education: Image of the near future

Auzan,

Maltsev,

Kurdin

2023

Vopr. èkon.

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The article considers the main changes taking place in modern economics and economics education. Authors believe that the most important of them are: (1) strengthening of the applied nature of economic research work; (2) declining popularity of purely theoretical economics. Our analysis revealed a dual trend. On the one hand, the notion that neoclassical economics still prevails the academic discourse seems to be less and less justified. On the other hand, economic education is still based on neoclassical foundations. This adds more urgency to the debate on the state of economic education. In particular, on how to train students to view big socio-economic issues from different theoretical perspectives and to strengthen the practical component of economic education. The authors prove the idea that up-to-date Russian economic education should be based on three main principles: (1) teaching students in a wide range of empirical methods; (2) development of pluralism of economic thinking manifested in the acquaintance of students with various currents of modern economic thought as well as the views of their representatives on solving topical economic and social challenges; (3) delivering to students the most comprehensive picture of the performance of the Russian economy. The potential for incorporating of these principles in the educational process is considered on the example of the bachelor’s of economics curriculum of the Faculty of Economics of Lomonosov Moscow State University.

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Priorities of China’s Economic Development in Contemporary Official Ideology

Cited by 2 publications

References 1 publication

Political economy of socialism with Chinese characteristics: on the issue of intra- and interdisciplinary synthesis

Political economy of socialism with Chinese characteristics: on the issue of intra- and interdisciplinary synthesis

Russian economic education: Image of the near future

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