China as a “Quasi-Center” in the World Economic System: Developing a New “Center–Quasi-center–Semi-periphery–Periphery” Theory
<p class="first" id="d55128e86">Based on the “center–periphery” and “center–semi-periphery–periphery” theories, as well as on the analysis of data related to China's GDP, foreign trade, finance, foreign investment and aid, comprehensive competit...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Pluto Journals
2021-03-01
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| Series: | World Review of Political Economy |
| Online Access: | https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.12.1.0004 |
| Summary: | <p class="first" id="d55128e86">Based on the “center–periphery” and “center–semi-periphery–periphery” theories, as
well as on the analysis of data related to China's GDP, foreign trade, finance, foreign
investment and aid, comprehensive competitiveness, the Belt and Road Initiative, and
so forth, this article explains that while a gap still exists between China and the
major countries at the center of the world economic system, China's tremendous growth
obviously distinguishes it from the countries of the periphery or “semi-periphery.”
If we are to present an objective description and definition of China's status and
role in the world economic system since 2012, we must therefore adopt the concept
of a “quasi-center.” This innovation supplements the dichotomy involved in the “center–periphery”
theory, and requires the formulation of a new theory with a three-tier structure of
“center–quasi-center–periphery,” or even a four-tier structure of “center–quasi-center–
semi-periphery–periphery.”
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| ISSN: | 2042-891X 2042-8928 |