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dc.contributor.advisorGlosny, Michael A.
dc.contributor.authorHerron, Clement W.
dc.date.accessioned2018-08-24T22:35:37Z
dc.date.available2018-08-24T22:35:37Z
dc.date.issued2018-06
dc.identifier.urihttp://hdl.handle.net/10945/59682
dc.descriptionApproved for public release. distribution is unlimiteden_US
dc.description.abstractThis thesis examines the incentives behind China’s decision to implement its aggressive $585 billion economic stimulus package in response to the global financial crisis, or GFC. The thesis assesses the explanatory power of economic, social, and political causal factors to explain China’s decision. The main finding of this thesis combines all three factors to demonstrate that China’s stimulus package was most likely implemented because the Chinese Communist Party (CCP) perceived that it was necessary to protect its regime. The economic argument demonstrates how China’s government had to resort to an investment-led stimulus plan to generate economic growth through domestic demand after the GFC severely damaged China’s export sector. The social argument establishes how tens of millions of people left unemployed by the GFC felt marginalized by the government due to the country’s inequitable economic growth, which was perceived to have primarily benefitted the regime. This increased the potential for social instability, which would have been directed at the CCP. Lastly, the political argument determines how the regime was under significant political pressure to meet domestic and international expectations to sustain economic growth throughout the GFC. These findings underscore how the CCP prioritizes regime survival over long-term economic development.en_US
dc.description.urihttp://archive.org/details/chinasresponseto1094559682
dc.publisherMonterey, CA; Naval Postgraduate Schoolen_US
dc.rightsThis publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.en_US
dc.titleCHINA’S RESPONSE TO THE GLOBAL FINANCIAL CRISIS: EXAMINING THE INCENTIVES BEHIND CHINA'S STIMULUS PACKAGEen_US
dc.typeThesisen_US
dc.contributor.secondreaderBarma, Naazneen H.
dc.contributor.departmentNational Security Affairs (NSA)
dc.subject.authorChinaen_US
dc.subject.authorglobal financial crisisen_US
dc.subject.authorpolitical economyen_US
dc.subject.authoreconomic stimulusen_US
dc.subject.authorscientific development concepten_US
dc.description.serviceLieutenant, United States Navyen_US
etd.thesisdegree.nameMaster of Arts in Security Studies (Far East, Southeast Asia, the Pacific)en_US
etd.thesisdegree.levelMastersen_US
etd.thesisdegree.disciplineSecurity Studies (Far East, Southeast Asia, the Pacific)en_US
etd.thesisdegree.grantorNaval Postgraduate Schoolen_US
dc.identifier.thesisid30177


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