Emerging Asian Economies: Are they really a challenge to the current Status Quo?

Authors

  • Bernadette Andreosso O’Callaghan University of Limerick and Ruhr Universität Bochum
  • Lucía Morales Technological University Dublin

DOI:

https://doi.org/10.33423/jabe.v21i1.659

Keywords:

Business, Economic, Global Economic, Finance

Abstract

The gradual shift of economic power towards Asia and in particular towards China is explored in this article using Immanuel Wallerstein’s and Fernand Braudel’s models of “world-economy” and of “historical capitalism”. Although some raw macro-economic data would suggest that economic power seems to have been gradually and inexorably shifting away from the Western economies and towards China, a more subtle analysis shows that a number of other factors, such as the difficulty to deal with the limits to growth in China as well as its limited institutional capacity seem to undermine the challenge to the current status quo.

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Published

2019-03-02

How to Cite

O’Callaghan, B. A., & Morales, L. (2019). Emerging Asian Economies: Are they really a challenge to the current Status Quo?. Journal of Applied Business and Economics, 21(1). https://doi.org/10.33423/jabe.v21i1.659

Issue

Section

Articles