International economic convergence applied to China


Prokopenko O. Shcherbachenko V. Muzychenko G. Ding X.I.N. Ossik Y.
2021Ascociacion Internacional de Economia Aplicada

Estudios de Economia Aplicada
2021#39Issue 31 - 9 pp.

The objective of the article is to studied phenomenon of international economic convergence applied to China. The analysis methods, synthesis, economic and managerial comparativists, economic statistics, Hofstede method are used in this work. Authors have conducted comparative analysis of production and consumption within economic totalitarianism. This symbiosis of socialism and capitalism lies based on a convergent socio-economic system, the theoretical foundations of which reside at the beginning of creation. The changes in economic activity were tremendous at the end of the 20th and the beginning of the 21st century. It has been identified that the current world experience includes de-globalization, re-industrialization, new economics and management. The conducted research will be useful for trade policy development, international economic relations with investigated countries. The authors carried out an analysis of the cultures of the studied countries using the Greet Hofstede method. The role of Confucianism as a religion and philosophy in the economic development of China is revealed. The Chinese governance model is investigated that consists of three elements: democracy, experimentation between local and central government, meritocracy.

Centration , Culture , Decentration , Economic convergence , Management , Philosophy

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Department of Economics, Collegium Mazovia Innovative University, Poland
Department of International Economic Relations, Sumy State University, Ukraine
Department of Political Sciences and Law, South Ukrainian National Pedagogical University Named After K. D., Ushynsky, Ukraine
Ukrainian Cultural and Scientific Information Center, Harbin Engineering University, China
Institute of Economic and Legal Problems, Karaganda Economic University, Kazakhstan

Department of Economics
Department of International Economic Relations
Department of Political Sciences and Law
Ukrainian Cultural and Scientific Information Center
Institute of Economic and Legal Problems

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