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This book makes an important contribution to the study of changes in China’s institutions and their impact on the national economy as well as ordinary people’s daily material life from 1800 to 2000. Kent Deng reveals China’s mega-cycle of prosperity-poverty-prosperity without the usual attribution to the 1840 Opium War, or the alleged population pressure, class struggle and oriental despotism. The book challenges the conventional view on ‘rebellions’, ‘revolutions’ and their alleged motivations and outcomes. Its findings separate commonly circulated myth with reality based on solid evidence and careful evaluation. The benchmark used by the author is people’s entitlement and mundane day-to-day material well being, instead of the stereotype of aggregates of industrial hardware and national GDP. China’s Political economy in Modern Times proves that state-building was the prime mover in China’s modern history. Contrary to the popular belief in mass movement, Deng shows convincingly that changes were in most cases imposed by a minority with external help. Therefore, the quality of the state was unpredictable, seen from the anti-state that cost lives and economic growth. This book will be of interest to students and scholars of Chinese Politics, Chinese Economics, Chinese History, and Political Economy.
This book examines Chinese political economy spanning from 1800 to to the dawn of the 21st century, shedding new light on our understanding of the reasons and impact of socio-political and socio-economic changes in China. Crossing over the three disciplines of history, politics and economics, the analyses China’s ideology, politics, and the economy using state-building as the key theme and puts the emphasis on China’s internal factors and mechanisms instead of the influence from Western imperialism or Japanese colonialism. It pays close attention to the movers and shakers inside Chinese society and carefully reveals historical contingencies which lend the reader a unique and radically different re-interpretation of China’s recent history.
This comprehensive, interpretive economic history presents the dramatic recent changes in China's approach to economic organization and development in an historical context.
This book takes a fresh look at Chinese political economy at a key inflection point. Facing a more competitive international environment, Chinese reform has shifted from its earlier focus on economic liberalization and political decentralization to a more tightly organized, centralized form of state socialism. The Party-state's vigorous fiscal reaction to the Global Financial Crisis (2008-2009) left the country with a much improved infrastructure and greater sense of national self-assurance. The more monocratic central leadership has redoubled efforts to fight poverty and pollution, push technological innovation, and at the same time rigorously enforce ideological consensus, political loyalty and anticorruption.This has been occurring in an international context of slowing trade and nationalist pushback against 'globalization', prominently including bilateral Chinese-American polarization. While China has been among the staunchest advocates and beneficiaries of globalization, incipient trade war 'decoupling' has spurred movement toward economic and technological self-reliance. Turning inward however vies with a rival impulse toward more vigorous engagement in the world. This is most consequentially represented by the Belt and Road Initiative, driving massive infrastructure construction through Central Asia and the South and Southeast Asian maritime periphery. Despite slowing growth and a large debt overhang, swift recovery from the Covid-19 epidemic leaves China in a relatively strong economic position.
Uses the framework of 'market in state', to argue that the Chinese economy is state-centered, dominated by political principles over economic principles.
In an open world, the socialist political economy with Chinese characteristics features openness. If China expects to participate and play a leading role in the governance of global economy in economic globalization, it needs to adopt a common discourse to foster its economy to 'go global.' The common discourse can be obtained in a market economy as well as among developing countries eager to seek development. This book attempts to theorize the socialist political economy with Chinese characteristics by absorbing critically the well-established economic theories worldwide. The selective learning of western economics in terms of theories and categories is based on China's full confidence in the theory, path and system with the adherence to the core socialist values as a presupposition. The author argues that the socialist political economy with Chinese characteristics in the new era is a Marxist political economy in contemporary China. The book clearly states that the construction of its theoretical system should combine Marxist theories with China's practice, especially after the reform and opening-up; progress with the times and target the principal social contradiction in the new era; and address China's challenges in growing stronger, or in other words, modernization.This book is a valuable reading on the new development of the various schools of thoughts on China's political economy over the last few decades. It can be used as a textbook for college students, researchers, and practitioners in the fields of economics, China studies, politics and sociology.
Is the US losing its economic authority to China, whose global economic identity is being determined more by entrepreneurial spirit than developmental principle? Through the exercise of soft power and hard currency in some areas of the global economy, China has clear national interest in the protection of intellectual property rights, financial integration and sovereign wealth funds. China’s Belt and Road Initiative and the Asian Infrastructure Investment Bank will set new standard to global economic development.
This comprehensive, interpretive economic history presents the dramatic recent changes in China's approach to economic organization and development in an historical context.
1997 was truly an eventful year for China, with many momentous happenings. In February of that year Deng Xiaoping passed away, thus marking the end of an era. Shortly after, the post-Deng Chinese leadership under Jiang Zemin had to mobilise great efforts to ensure the smooth resumption of sovereignty over Hong Kong on June 30. This was then followed by intensive preparation for the holding of the 15th National Congress of the Chinese Communist Party in September, which set national priorities for China's medium- and long-term development as well as decided on the core team of younger leaders responsible for leading China into the 21st century.China is in the midst of great political, economic and social changes, which will intensify each other on account of their speed and scale. History has never before witnessed such a huge country as China industrialising and transforming itself so rapidly and so extensively.Accordingly, China's success or failure in its domestic development carries serious regional and international implications. There is still a great deal of uncertainty as to how soon in the next century China will become the world's most powerful economy. But what is happening in China today has already impinged on many aspects of life for people in the Asia-Pacific region, either in terms of growing trade and investment opportunities from China or in terms of regional security.This volume is largely based on public lectures and seminar papers by academic visitors and scholars at the East Asian Institute. Each has been written as a self-contained piece by a China expert, but presented primarily with non-specialist readers in mind.
In this book, China-Latin America relations experts Margaret Myers and Carol Wise examine the political and economic forces that have underpinned Chinese engagement in the region, as well as the ways in which these forces have shaped economic sectors and policy-making in Latin America. The contributors begin with a review of developments in cross-Pacific statecraft, including the role of private, state-level, sub-national, and extra-regional actors that have influenced China-Latin America engagement in recent years. Part two of the book examines the variety of Latin American development trajectories borne of China’s growing global presence. Contributors analyse the effects of Chinese engagement on specific economic sectors, clusters (the LAC emerging economies), and sub-regions (Central America, the Southern Cone of South America, and the Andean region). Individual case studies draw out these themes. This volume is a welcome addition to the growing body of literature on China-Latin America relations. It illuminates the complex interplay between economics and politics that has characterized China’s relations with the region as a second decade of enhanced economic engagement draws to a close. This volume is an indispensable read for students, scholars and policy makers wishing to gain new insights into the political economy of China-Latin America relations.