Which term describes a system with a one-party state and separation of trade from politics?

Which term describes a system with a one-party state and separation of trade from politics?

• A. Beijing Consensus
• B. Washington Consensus
• C. Civil Law
• D. Floating Subsidiary

Answer: (A)

Beijing Consensus describes a system where a single ruling party governs, guiding development through state-led planning and gradual reforms. This approach treats trade policy as a tool for growth that doesn’t depend on democratic liberalization, keeping political decisions centralized while pursuing economic openness in a pragmatic, controlled way. It contrasts with the Washington Consensus, which ties market liberalization to political reforms and democratization. The other options don’t fit because Civil Law is a legal tradition, and a Floating Subsidiary is a business structure rather than a development model.

Beijing Consensus describes a system where a single ruling party governs, guiding development through state-led planning and gradual reforms. This approach treats trade policy as a tool for growth that doesn’t depend on democratic liberalization, keeping political decisions centralized while pursuing economic openness in a pragmatic, controlled way. It contrasts with the Washington Consensus, which ties market liberalization to political reforms and democratization. The other options don’t fit because Civil Law is a legal tradition, and a Floating Subsidiary is a business structure rather than a development model.