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This informative book discusses the effects of the rise of Chinese capitalism on both China itself, and on its neighbours. Incorporating empirical data collated from interviews in several Asian societies and from historical Chinese sources, this renowned author analyzes, discusses and applies an institutional approach derived from the writings of Max Weber to explore the various aspects of Chinese economic practice. Consisting of sixteen articles that come together to provide historical, comparative and theoretically informed perspectives on the spread of Chinese capitalism, this collection emphasizes the difference between Western and Chinese forms of capitalism. Including sections on China's pre-industrial economy as well as the growth of modern Chinese capitalism, this collection will be a valuable resource for students of Asian and Chinese studies as well as those concerned with the economics of Chinese societies.
Consisting of sixteen articles which together provide historical, comparative and theoretically informed perspectives on the spread of Chinese capitalism, this collection emphasizes the difference between Western and Chinese forms of capitalism.
How China Became Capitalist details the extraordinary, and often unanticipated, journey that China has taken over the past thirty five years in transforming itself from a closed agrarian socialist economy to an indomitable economic force in the international arena. The authors revitalise the debate around the rise of the Chinese economy through the use of primary sources, persuasively arguing that the reforms implemented by the Chinese leaders did not represent a concerted attempt to create a capitalist economy, and that it was 'marginal revolutions' that introduced the market and entrepreneurship back to China. Lessons from the West were guided by the traditional Chinese principle of 'seeking truth from facts'. By turning to capitalism, China re-embraced her own cultural roots. How China Became Capitalist challenges received wisdom about the future of the Chinese economy, warning that while China has enormous potential for further growth, the future is clouded by the government's monopoly of ideas and power. Coase and Wang argue that the development of a market for ideas which has a long and revered tradition in China would be integral in bringing about the Chinese dream of social harmony.
The influence that Chinese communities have had in various Asian countries has been quite staggering. This book is a collection of essays from important internationally-based thinkers on this interesting subject.
The Ming dynasty was the last great Chinese dynasty before the Manchu conquest in 1644. During that time, China, not Europe, was the center of the world: the European voyages of exploration were searching not just for new lands but also for new trade routes to the Far East. In this book, Timothy Brook eloquently narrates the changing landscape of life over the three centuries of the Ming (1368-1644), when China was transformed from a closely administered agrarian realm into a place of commercial profits and intense competition for status. The Confusions of Pleasure marks a significant departure from the conventional ways in which Chinese history has been written. Rather than recounting the Ming dynasty in a series of political events and philosophical achievements, it narrates this longue durée in terms of the habits and strains of everyday life. Peppered with stories of real people and their negotiations of a rapidly changing world, this book provides a new way of seeing the Ming dynasty that not only contributes to the scholarly understanding of the period but also provides an entertaining and accessible introduction to Chinese history for anyone.
This study focuses on how Chinese business organization, practice, and success have been interpreted in the historical literature. By introducing various interpretations of China's economic development (including the impact of the West, modernization, and Marxist, Weberian, and revisionist approaches), as well as Western business history theory, the book establishes a basis for constructing an appropriate framework for future research.
A history of capitalism in nineteenth‑ and twentieth‑century China and India that explores the competition between their tea industries “Tea War is not only a detailed comparative history of the transformation of tea production in the 19th and early 20th centuries, but it also intervenes in larger debates about the nature of capitalism, global modernity, and global history.”— Alexander F. Day, Occidental College Tea remains the world’s most popular commercial drink today, and at the turn of the twentieth century, it represented the largest export industry of both China and colonial India. In analyzing the global competition between Chinese and Indian tea, Andrew B. Liu challenges past economic histories premised on the technical “divergence” between the West and the Rest, arguing instead that seemingly traditional technologies and practices were central to modern capital accumulation across Asia. He shows how competitive pressures compelled Chinese merchants to adopt abstract industrial conceptions of time, while colonial planters in India pushed for labor indenture laws to support factory-style tea plantations. Characterizations of China and India as premodern backwaters, he explains, were themselves the historical result of new notions of political economy adopted by Chinese and Indian nationalists, who discovered that these abstract ideas corresponded to concrete social changes in their local surroundings. Together, these stories point toward a more flexible and globally oriented conceptualization of the history of capitalism in China and India.
China's future is arguably the most consequential question in global affairs. Having enjoyed unprecedented levels of growth, China is at a critical juncture in the development of its economy, society, polity, national security, and international relations. The direction the nation takes at this turning point will determine whether it stalls or continues to develop and prosper. Will China be successful in implementing a new wave of transformational reforms that could last decades and make it the world's leading superpower? Or will its leaders shy away from the drastic changes required because the regime's power is at risk? If so, will that lead to prolonged stagnation or even regime collapse? Might China move down a more liberal or even democratic path? Or will China instead emerge as a hard, authoritarian and aggressive superstate? In this new book, David Shambaugh argues that these potential pathways are all possibilities - but they depend on key decisions yet to be made by China's leaders, different pressures from within Chinese society, as well as actions taken by other nations. Assessing these scenarios and their implications, he offers a thoughtful and clear study of China's future for all those seeking to understand the country's likely trajectory over the coming decade and beyond.
In light of East Asia's current economic success, it has become increasingly clear that Confucian social thought, long assumed in Western scholarship to be a major stumbling block to economic development, can, under the proper circumstances, have exactly the opposite effect. Lufrano's study is the most sustained and sophisticated of recent reevaluations of Confucianism's role in the rapid commercial development in the late Ming to mid-Qing period. It will be of great interest and value to scholars in the growing field of Chinese business history and should be welcomed by those interested in the Confucian roots of Pacific Rim business practice.
Much has been said about the re-emergence of China to its historical position of eminence in the world economy, yet little is understood about the kind of economic system China is evolving. What are the rules of the game of business in today's China, and how are they likely to change over the next decades? The answers to these questions are crucial to business persons formulating strategy toward China, but also for policy-makers concerned with retaining the competitiveness of their nations in the face of Chinese competition and for researchers seeking to gain deeper insights into the workings of economic systems and institutional change. Written by two leading experts in the field, this book sheds much-needed light on these questions. Building on recent conceptual and empirical advances, and rich in concrete examples, it offers a comprehensive and systematic exploration of present-day Chinese capitalism, its component parts, and their interdependencies. It suggests that Chinese capitalism, as practiced today, in many respects represents a development from traditional business practices, whose revival has been greatly aided by the influx of investments and managerial talent from the Regional Ethnic Chinese. On the basis of present trends in the Chinese economy as well as through comparison with five major types of capitalism - those of France, Germany, Japan, Korea, and the United States - the book derives a prediction of the probable development paths of Chinese capitalism and its likely competitive strengths and weaknesses.