Sustainable Business Development in Regional Australia
AusAID Australian Leadership Award Fellowship Grant($136,000); and CSU ($27,000)
Prof John Hicks, (project leader) ILWS, A/Prof PK Basu, ILWS, Prof Kishor Sharma, ILWS, Dr Yapa Bandara, ILWS
China is the second largest economy and the largest single contributor to trade in the world. China's growth has been primarily dependent on producing manufacturing goods for the export market, while production for the (huge) domestic market of 1.3 billion people has been overlooked.
The recent global financial crisis (GFC) has shown how interdependent China and the rest of the world have become and, within China, raised two main areas of concern:(a) maintaining the balance between export market-oriented growth and (b) minimising the divide between the urban (generally coastal) and rural (generally inland) development. The aim of this project was to develop policies and strategies for achieving balanced growth in China. Five themes were pursued:
The project demonstrated that seeking to switch from investment driven growth in China to growth driven by consumption was problematic. Subsequent work is tending to suggest that policy action to initiate such a switch may not even be necessary.
One conference paper and one journal submission.
The expected outcome is policies and strategies for achieving balanced growth in China.
Prof John Hicks
Charles Sturt University – Bathurst