PRCS global expansion and new trends in the world economy

The article is devoted to the problems and prospects for the development of the Chinese economy in the context of the decline of the systemic cycle of capital accumulation in the USA, in which three stages are distinguished. Based on the analysis of China's expansion in the global ferrous metals market, the author assesses the chances of China to win the struggle for leadership in this area. The author comes to the conclusion that in the "steel wars" China, despite the pressure exerted on it, wins over European and American competitors, since the restrictions imposed from abroad are compensated by the growth of domestic steel consumption, which allows China not only to maintain a leading position in the iron and steel industry, but to create conditions for further expansion in metal-intensive industries.

Keywords

China, USA, globalization, ferrous metallurgy

Publication date

21.03.2022

Number of characters

23236

Cite

GOST	Komolov O. PRC'S global expansion and new trends in the world economy // Obshchestvo i ekonomika – 2022. – Issue 3 C. 118-128 [Electronic resource]. URL: https://oie.jes.su/S020736760019066-1-1 (circulation date: 05.11.2024). DOI: 10.31857/S020736760019066-1
MLA	Komolov, Oleg "PRC'S global expansion and new trends in the world economy." Obshchestvo i ekonomika 3 (2022):118-128. DOI: 10.31857/S020736760019066-1
APA	Komolov O. (2022). PRC'S global expansion and new trends in the world economy. Obshchestvo i ekonomika (3), pp.118-128 DOI: 10.31857/S020736760019066-1

100 rub.

When subscribing to an article or issue, the user can download PDF, evaluate the publication or contact the author. Need to register.

Number of purchasers: 0, views: 447

Readers community rating: votes 0

1. Vallerstajn I. Uskorennoe padenie. Nastuplenie ehpokhi mnogopolyarnosti / Zakat imperii SShA: Krizisy i konflikty. Institut globalizatsii i sotsial'nykh dvizhenij // M.: MAKS Press. 2013. S. 20.

2. Vonyó T. The Economic Consequences of the War. West Germany’s Growth Miracle after 1945. Cambridge, United Kingdom; New York // NY: Cambridge University Press, 2018. P. 159–161

3. Brenner R. Ehkonomika global'noj turbulentnosti: razvitye kapitalisticheskie ehkonomiki v period ot dolgogo buma do dolgogo spada, 1945–2005 // M.: Izd. Dom VShEh. 2014. S. 136.

4. Manufacturing Competitiveness in Asia // Edited by Jomo K. S. 2003. P. 120, 130.

5. Kissindzher G. O Kitae // M.: izd-vo AST. 2020. S. 196.

6. Brenner R. Ehkonomika global'noj turbulentnosti: razvitye kapitalisticheskie ehkonomiki v period ot dolgogo buma do dolgogo spada, 1945–2005 // M.: Izd. Dom VShEh. 2014. S. 164-170.

7. Direct Investment by Country and Industry [Ehlektronnyj resurs] // BEA. URL: https://www.bea.gov/data/intl-trade-investment/direct-investment-country-and-industry

8. Ostrovskij A. V. Kitaj stanovitsya ehkonomicheskoj sverkhderzhavoj // M.: Institut Dal'nego Vostoka RAN: OOO «Izdatel'stvo MBA». 2020. S. 22.

9. Arrigi Dzh. Adam Smit v Pekine. Chto poluchil v nasledstvo XXI vek // M.: Institut obschestvennogo proektirovaniya. 2009. S. 12.

10. GDP, PPP (current international $) – China [Ehlektronnyj resurs] // World Bank. URL: https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?end=2019&locations=CN&start=1960&view=chart (data obrascheniya: 15.11.2020).

11. GDP based on PPP, share of world [Ehlektronnyj resurs] // IMF data mapper. URL: https://www.imf.org/external/datamapper/PPPSH@WEO/OEMDC/ADVEC/WEOWORLD (data obrascheniya: 12.11.2020).

12. Ostrovskij A. V. Ehkonomika Kitaya posle XIX s'ezda KPK: dvizhenie vverkh (po materialam XIX s'ezda KPK i 1-j sessii VSNP 13-go sozyva) // Ehkonomika KNR v svete reshenij XIX s'ezda KPK / otv. red. A. V. Ostrovskij // M.: IDV RAN. 2019. S. 9.

13. Ostrovskij A. V. Kitaj stanovitsya ehkonomicheskoj sverkhderzhavoj // M.: Institut Dal'nego Vostoka RAN: OOO «Izdatel'stvo MBA». 2020. S. 22.

14. Manufacturing [Ehlektronnyj resurs] // WTO Database. URL: https://data.wto.org/

15. Global crude steel output increases by 3.4 % in 2019 [Ehlektronnyj resurs] // World Steel Association AISBL, 2019. URL: https://www.worldsteel.org/media-centre/press-releases/2020/Global-crude-steel-output-increases-by-3.4--in-2019.html (data obrascheniya: 20.11.2020).

16. Merchandise exports by product group – annual (Million US dollar) [Ehlektronnyj resurs] // WTO. URL: data.wto.org (data obrascheniya: 20.11.2020).

17. Sectors affected most often [Ehlektronnyj resurs] // Global trade alert. URL: https://www.globaltradealert.org/global_dynamics/area_all (data obrascheniya: 25.11.2020).

18. Implementing Countries [Ehlektronnyj resurs] // Global trade alert. URL: https://www.globaltradealert.org/sector/412/period-from_20090101/period-to_20210116 (data obrascheniya: 25.11.2020).

19. Affected Countries [Ehlektronnyj resurs] // Global trade alert. URL: https://www.globaltradealert.org/sector/412/period-from_20090101/period-to_20210116 (data obrascheniya: 25.11.2020).

20. Country exposure to interventions [Ehlektronnyj resurs] // Global trade alert. URL: https://www.globaltradealert.org/global_dynamics/area_all (data obrascheniya: 20.11.2020).

21. Petlev V., Trifonova P. Poshliny ne napugali metallurgov. Pochemu protektsionizm mozhet sygrat' na ruku rossijskim proizvoditelyam metallov [Ehlektronnyj resurs] // Vedomosti. 24.05.2018 URL: https://www.vedomosti.ru/business/articles/2018/05/24/770538-poshlini-metallurgov (data obrascheniya: 20.11.2020).

22. Edovina T. ES ne do stali. Evropa zakryvaet svoj rynok ot izbytka importa, ot kotorogo otkazalis' SShA [Ehlektronnyj resurs] // Kommersant. № 19 ot 04.02.2019. S. 2. URL: https://www.kommersant.ru/doc/387338 (data obrascheniya: 20.11.2020).

23. Kudiyarov S. Opala koaly: shans dlya russkogo koula // Ehkspert. № 7. 8–14 fevralya 2021. S. 22–26.

24. Global crude steel output increases by 3.4 % in 2019 [Ehlektronnyj resurs] // World Steel Association AISBL. URL: https://www.worldsteel.org/media-centre/press-releases/2020/Global-crude-steel-output-increases-by-3.4--in-2019.html (data obrascheniya: 22.11.2020).

25. Steel Statistic Yearbook 1995. Committee on Economic Studies. International Iron and Steel Association – Brussels. 1996-2015;

26. Steel Statistic Yearbook 1995. Committee on Economic Studies. International Iron and Steel Association – Brussels. 1996; Steel Statistical Yearbook 2020 concise version [Ehlektronnyj resurs] // World Steel Association – Brussels. URL: https://www.worldsteel.org/en/dam/jcr:5001dac8-0083-46f3-aadd-35aa357acbcc/SSY%25202020_concise%2520version.pdf (data obrascheniya: 20.11.21).

27. Shipbuilding Statistics [Ehlektronnyj resurs] // The Shipbuilder’s Association of Japan. 2020. URL: https://www.sajn.or.jp/files/view/articles_doc/src/fcd3f818ebf3318cfd89e293f5bbac1b.pdfP.3 (data obrascheniya: 20.11.2021).

28. Peer Review of the Korean Shipbuilding and Related Government Policies [Ehlektronnyj resurs] // OECD. Council Working Party on Shipbuilding. 2015. URL: http://www.oecd.org/officialdocuments/publicdisplaydocumentpdf/?cote=c/wp6 (2014)10/final&doclanguage=enP. 37 (data obrascheniya: 20.11.2021).