Question

The “Beijing Consensus” approach to economic development, a model based on China’s rapid economic growth, implies a. experimenting with policies that are compatible with a state’s political structure and experience rather than with economic liberalism. b. working through the Association of Southeast Asian Nations (ASEAN) to pursue growth and development. c. applying liberal economic policies to East Asia to assist with development in that region. d. engaging in debt restructuring. e. not permitting private companies to function in the economy.

Answer 1

a. experimenting with policies that are compatible with a state’s political structure and experience rather than with economic liberalism.

Step-by-step explanation:

The Beijing Consensus reflects a new approach to development based on China's model of economic growth. It is a non-liberal, state-driven view of development, in which development is seen as a process of structural transformation of society and cannot be confused or replaced by market economic policies. Thus, the central objective of the Beijing Consensus Chinese Development Policies is to create a development policy based on the experience of the state, within that country's political conformation, in order to link economic development to social and human development.