Chinese sustainable framework in the digitalized global communities
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Population and Economic Development in East Asia 2
Chinese sustainable framework in the digitalized global communities Hiroshige Tanaka1 Received: 17 January 2020 / Accepted: 25 May 2020 © Japan Economic Policy Association (JEPA) 2020
Abstract The Chinese economy has performed high growth rate of economy in a period of enlargement of global economies. However, the prosperity of Chinese economy depends on the sustainability of the global economies. In the 2010s, the innova‑ tion of ICT has brought about structural changes of economies and societies in a large scale. The development of ICT can afford to proceed efficiently large amounts of information in a short time. Internet services such as SNS develop many profit‑ able businesses by utilizing information of users. China aims to continue growth of economy by strategical introduction of digital industrial revolution. This paper discusses that this digital revolution requires evolution of Chinese society as well as economy. Since digital revolution of industries diversifies the connection between markets and individuals, monopolized utilization of information and knowledge will detour efforts to achieve the goal of sustainability. As the relative influence of gov‑ ernments on markets decreases, voluntary contributions of the stakeholders become main forces for the regional vitalization. Residents participation is necessary to revi‑ talize regional communities. Keywords Chinese economy and society · Decentralization · Digital industrial revolution · Sustainable scheme · Resident participation JEL H4 · O3 · R1 · R5
Decentralization of global communities Since the 1980s, the globalizing economies have been enlarging the scale merit of markets. The scale merits are assumed to be related with the economic performance in the market. While the modern production and administrative systems pursue and develop the scale merit of mass production, the social welfare of residents who do * Hiroshige Tanaka 81ht‑[email protected] 1
Chuo University, 2‑6‑13 Nanyodai, Hachioji, Tokyo 192‑0371, Japan
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International Journal of Economic Policy Studies
not positively involve economic activities tends to be undervalued in the society. The Chinese economy has performed high growth rate by taking profit of global econo‑ mies. However, the prosperity of Chinese economy depends on the sustainability of the global economies. The inappropriately developed communication scheme can‑ not evaluate correctively impacts of growing markets in the social systems. As the scale of market increases, economics performances are probable to incur vulnerabil‑ ity on sustainable communities. While enlarged economies have developed efficient production, the economies have brought some market and government failures such as global financial crises and climate change problems into global communities. Since the failures are possible to threaten global communities to be unsustainable, the global communities must construct the mechanism of sustainability to prevent the cris
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