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Social Capitalism: China’s Economic Raise

  • Woodrow W. ClarkII
  • Woodrow W. ClarkII
  • Li Xing
Chapter

Abstract

Social capitalism has emerged as a new form of economics, historically rooted in the Nordic countries, Germany, and more recently China. Due to the growth of China’s population, the nation has needed more infrastructures for its growing cities and regions. The demand, however, has been with a strong concern for the people and the environment. Thus, like northern Europe, China has been aware that if it is to meet the needs of a nation over 1.3 billion people, then, it must also provide basic infrastructures ranging from energy, water, waste, transportation to WiFI for community.

Historically, China has a long cultural tradition for the support of societal needs. Under Mao and since the cultural revolution, China has had five-year plans which scope out what the central and regional governments are going to do. Critical to any plan is the need for finances to support it. China is now in its 12th five-year plan which focuses heavily on renewable energy with a strong commitment to billions of US dollars to implement their plans. With this plan and future ones in place (all of the past five-year plans have achieved their goals), China has “leapfrogged” and now leads the green industrial revolution which is growing around the world.

Keywords

Gross Domestic Product Renewable Energy Wind Turbine Foreign Policy Smart Grid 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 2013

Authors and Affiliations

  • Woodrow W. ClarkII
    • 1
  • Woodrow W. ClarkII
    • 2
  • Li Xing
    • 3
  1. 1.Cross-Disciplinary Scholars in Science and Technology, UCLALos AngelesUSA
  2. 2.Clark Strategic PartnersBeverly HillsUSA
  3. 3.Aalborg UniversityAalborgDenmark

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