GLOBAL ECONOMIC DECOUPLING: CASE OF CHINA
DOI:
https://doi.org/10.35774/jee2022.03.323Keywords:
Decoupling theory, circular economy, economic development, analysis and research, China’s plan.Abstract
The relationship between economic growth and economic decoupling has always been the focus of academic attention. The achievements of China’s economy in the past 30 years have attracted worldwide attention, but with the rapid growth of the total economic volume, it has also paid a huge price in terms of resources and the environment. This paper discusses China’s economic decoupling against the background of globalization based on the review of scientific literature from the perspective of the decoupling of economic growth and resources and environment, combined with the decoupling theory from the perspectives of energy, environment, resource efficiency and economic and industrial remodeling. Temporal and spatial evolution trends of decoupling development in the case of China are considered. The world is changing, and the way and form of China’s integration into the world is also changing with science. Current environment of geopolitical tension between Russia and the United States affect how China can grasp the new trend of globalization, play the pivotal role of the «Belt and Road» in global production networks, and actively respond to the demand of global industry in this turbulent era. This necessitates a re-formulation and evaluation of China’s economic development experience and related policy measures based on decoupling development of the global economy.
JEL: O13, Q50, Q56, Q58
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Received: August 21, 2022.
Reviewed: September 16, 2022.
Accepted: September 23, 2022.
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