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China and the Transformation of Global Capitalism

edited by Ho-fung Hung

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With one of the world's fastest-growing economies and a population quickly approaching two billion, China holds substantial sway over global financial, social, and cultural networks. This volume explains China's economic rise and liberalization and assesses how this growth is reshaping the structure and dynamics of global capitalism in the twenty-first century.

China has historically been the center of Asian trade, economic, and financial networks, and its global influence continues to expand in the twenty-first century. In exploring the causes for and effects of China's resurging power, this...

With one of the world's fastest-growing economies and a population quickly approaching two billion, China holds substantial sway over global financial, social, and cultural networks. This volume explains China's economic rise and liberalization and assesses how this growth is reshaping the structure and dynamics of global capitalism in the twenty-first century.

China has historically been the center of Asian trade, economic, and financial networks, and its global influence continues to expand in the twenty-first century. In exploring the causes for and effects of China's resurging power, this volume takes a broad, long-term view that reaches well beyond economics for answers. Contributors explore the vast web of complex issues raised by China's ascendancy.

The first three chapters discuss the global and historical origins of China's shift to a market economy and that transformation's impact on the international market system. Subsequent essays explore the ability of large Chinese manufacturers to counter the might of transnational retailers, the effect of China's rise on world income distribution and labor, and the consequences of a stronger China for its two most powerful neighbors, Russia and Japan. The concluding chapter questions whether China's growth is sustainable and if it will ultimately shift the center of global capitalism from the West to the East.

This cutting-edge collection of works by leading global political economists links current events to long-term trends in global capitalist development to provide a comprehensive analysis of China's impact on the world. Scholars of China, world systems and globalization, international relations, and political economy will find this assessment worthy of study and an important starting point for further research.

Contributors: Richard P. Appelbaum, Giovanni Arrighi, Edna Bonacich, József Böröcz, Paul S. Ciccantell, John Gulick, Ho-Fung Hung, Stephanie Luce, Beverly J. Silver, Alvin Y. So, and Lu Zhang.

Reviews

Reviews

This volume is a significant, timely contribution to the discussion of China's role in the world economy... Not only a must read for those studying the Chinese economy, this book will likely be welcomed and debated by observers of capitalist development on the world stage. Essential.

This volume is a rare and important contribution to understanding China’s rise in the context of global capitalism. Despite the questions raised, this reviewer enjoyed reading all the chapters and learned much from each author who contributed to this excellent collection. The volume is a must read for anyone who is intrigued by China’s past and its contemporary role in the global system.

Ho-fung Hung... provides an excellent short background on the start of China's economic miracle, and then evolves into providing an eye-opening view of the current status of important Chinese clothes and shoe manufacturers.

I would recommend this volume to comparative sociologists, historical sociologists, social theorists as well as scholars in international political economy and foreign affairs.

I find the book to be among the best of its kind. It is an essential text to be read by students in China studies, world system theories, and international political economy.

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About

Book Details

Publication Date
Status
Available
Trim Size
6
x
9
Pages
224
ISBN
9780801893087
Illustration Description
5 line drawings
Table of Contents

Preface
Chapter 1. Introduction: The Three Transformations of Global Capitalism
Chapter 2. China's Market Economy in the Long Run
Chapter 3. Rethinking the Chinese Developmental Miracle
Chapter 4. Big

Preface
Chapter 1. Introduction: The Three Transformations of Global Capitalism
Chapter 2. China's Market Economy in the Long Run
Chapter 3. Rethinking the Chinese Developmental Miracle
Chapter 4. Big Suppliers in Greater China: A Growing Counterweight to the Power of Giant Retailers
Chapter 5. The "Rise of China" and the Changing World Income Distribution
Chapter 6. China's Economic Ascent and Japan's Raw-Materials Peripheries
Chapter 7. Sino-Russian Geoeconomic Integration: An Alternative to Chinese Hegemony on a Shrinking Planet
Chapter 8. China and the U.S. Labor Movement
Chapter 9. China as an Emerging Epicenter of World Labor Unrest
Chapter 10. A Caveat: Is the Rise of China Sustainable?
List of Contributors
Index

Author Bio
Ho-fung Hung
Featured Contributor

Ho-fung Hung

Ho-fung Hung is an associate professor of sociology at The Johns Hopkins University.