It has become increasingly prominent that the world's development models are facing up to a variety of difficulties and challenges since the international financial crisis. The Anglo-Saxon model has become more and more unsustainable because of enormous debt, over-expansion of the virtual economy, excessive laissez-faire and consumption. It has also become more and more apparent that the Rhine model is losing its competitive advantage in economic development because of high unemployment and huge welfare burdens,etc. Development models used by some Asia Pacific emerging market countries are also gradually facing some fundamental problems such as weak independent innovation,invalid export-oriented economic development strategy,etc. Development models used by some African countries have become obviously no longer adaptive because of poor infrastructure, massive debt, low savings rates and private investment rates. In the post-crisis era,it is a trend for countries in the world to adjust and improve or even innovate their own development models.
刘志明. 金融危机凸显世界各种发展模式的困境[J]. 浙江大学学报(人文社会科学版), 2011, 41(4): 166-173.
Liu Zhiming. Financial Crisis Is Highlighting the Problems that Face the World's Development Models. , 2011, 41(4): 166-173.