Template-type: ReDIF-Paper 1.0
Author-Name: Valli Vittorio
Author-Email: vittorio.valli@unito.it
Author-Workplace-Name: University of Turin
Author-Workplace-Homepage: http://www.est.unito.it/
Title: The three waves of the fordist model of growth and the case of China
Abstract: The main thesis of the paper is that, while the US economy has widely adopted a fordist model of growth 
since 1908, and this has largely contributed to the building and consolidation of its economic pre-eminence, Japan 
and most Western European countries have adopted it mainly in the 1950-1973 period, the golden age of European and Japanese growth, and China has adopted important aspects of fordist and post-fordist models in the 1980-2008 period.. The Chinese case shows that the
crucial elements of the fordist model of growth - the economies of scale or of network, the rise of productivity, 
the increase in wages and in total wage bill, the increase in consumption, in total profits, in investment and in ù
GDP - can give a great boost to industrial and economic growth and then to exports in certain phases of the
economic history of a country, although contributing to determine also some socially undesirable consequences, 
such as rapidly growing economic and social imbalances and income inequalities.
Length: 22 pages
Creation-Date: 2009-04
File-URL: http://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2009dip/5_wp_valli.pdf
File-Format: Application/PDF
Handle: RePEc:uto:dipeco:200905