In the late 1970s, China began a sustained process of economic reforms aimed at expanding the space for private property and market. This process has been accompanied by high and permanent rates of economic growth, in such a way that the transition "from socialism to capitalism" has achieved the success that is not recorded in other cases. In addition, China accepts the challenge of globalization by inserting itself into it through the production of exportable goods linked to the most dynamic part of world demand. In this way, the Chinese economy has become a formidable export machine for industrial goods. But it has also become a "devourer" of raw materials, energy and foreign investment, thereby affecting the ongoing globalization process. Thus, in a quarter of a century China has become a relevant actor in this process.
Keywords:
People's Republic of China, Reforms and Transition to Capitalism, Development Model, Globalization, International Economic Insertion
Author Biography
Alexis Guardia B.
Ingeniero comercial de la Universidad de Chile; doctor en ciencias económicas, Universidad de París IX; director de estudios de la Dirección Económica, Ministerio de Relaciones Exteriores de Chile.
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