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In this collaboratively authored book world-system scholars critically synthesize Asia's re-emerging centrality despite the myriad financial crises that have punctuated the end of the U.S.-dominated Cold War world order. From different vantage points the authors review the turbulent landscape of the region that points toward a new Asian world order as well as contradictory symptoms and signals. The text highlights the salience of Northeast Asia; the resurgence of Russia and Eurasianism; and the class, gender, and ecological implications of a conflict-ridden regional ascent for the future of the North-South divide and for the struggle between the spirit of Davos and the spirit of Porto Alegre.
In Asia the 1950s were dominated by political decolonization and the emergence of the Cold War system, and newly independent countries were able to utilize the transformed balance of power for their own economic development through economic and strategic aid programmes. This book examines the interconnections between the transfer of power and state governance in Asia, the emergence of the Cold War, and the transfer of hegemony from the UK to the US, by focusing specifically on the historical roles of international economic aid and the autonomous response from Asian nation states in the immediate post-war context. The Transformation of the International Order of Asia offers closely interwoven perspectives on international economic and political relations from the 1950s to the 1960s, with specific focus on the Colombo Plan and related aid policies of the time. It shows how the plan served different purposes: Britain’s aim to reduce India’s wartime sterling balances in London; the quest for India’s economic independence under Jawaharlal Nehru; Japan’s regional economic assertion and its endeavour to improve its international status; Britain’s publicity policy during the reorganization of British aid policies at a time of economic crisis; and more broadly, the West’s desire to counter Soviet influence in Asia. In doing so, the chapters explore how international economic aid relations became reorganized in relation to the independent development of states in Asia during the period, and crucially, the role this transformation played in the emergence of a new international order in Asia. Drawing on a wide range of international contemporary and archival source materials, this book will be welcomed by students and scholars interested in Asian, international, and economic history, politics and development studies.
Takeshi Hamashita, arguably Asia's premier historian of the longue durée, has been instrumental in opening a new field of inquiry in Chinese, East Asian and world historical research. Engaging modernization, Marxist and world system approaches, his wide-ranging redefinition of the evolving relationships between the East Asia regional system and the world economy from the sixteenth century to the present has sent ripples throughout Asian and international scholarship. His research has led him to reconceptualize the position of China first in the context of an East Asian regional order and subsequently within the framework of a wider Euro-American-Asian trade and financial order that was long gestating within, and indeed contributing to the shape of, the world market. This book presents a selection of essays from Takeshi Hamashita's oeuvre on Asian trade to introduce this important historian's work to the English speaking reader. It examines the many critical issues surrounding China and East Asia's incorporation to the world economy, including: Maritime perspectives on China, Asia and the world economy Intra-Asian trade Chinese state finance and the tributary trade system Banking and finance Maritime customs.
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 re surging 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 book is nothing short of a state-of-the-world address, delivered by a scholar uniquely suited to the task. Immanuel Wallerstein, one of the most prominent social scientists of our time, documents the profound transformations our world is undergoing. With these transformations, he argues, come equally profound changes in how we understand the world. Wallerstein begins his work with an appraisal of significant recent events -- the collapse of the Leninist states, the exhaustion of national liberation movements, the rise of East Asia, challenges to national sovereignty, dangers to the environment, debates about national identity, and the marginalization of migrant populations. Wallerstein places these events and trends in the context of the changing modern world-system as a whole and identifies the historic choices they put before us. The End of the World As We Know It concludes with a crucial analysis of the momentous intellectual challenges to social science as we know it today and suggests possible responses to them.
Reimagining our global economy so it becomes more sustainable and prosperous for all Our global economic system is broken. But we can replace the current picture of global upheaval, unsustainability, and uncertainty with one of an economy that works for all people, and the planet. First, we must eliminate rising income inequality within societies where productivity and wage growth has slowed. Second, we must reduce the dampening effect of monopoly market power wielded by large corporations on innovation and productivity gains. And finally, the short-sighted exploitation of natural resources that is corroding the environment and affecting the lives of many for the worse must end. The debate over the causes of the broken economy—laissez-faire government, poorly managed globalization, the rise of technology in favor of the few, or yet another reason—is wide open. Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet argues convincingly that if we don't start with recognizing the true shape of our problems, our current system will continue to fail us. To help us see our challenges more clearly, Schwab—the Founder and Executive Chairman of the World Economic Forum—looks for the real causes of our system's shortcomings, and for solutions in best practices from around the world in places as diverse as China, Denmark, Ethiopia, Germany, Indonesia, New Zealand, and Singapore. And in doing so, Schwab finds emerging examples of new ways of doing things that provide grounds for hope, including: Individual agency: how countries and policies can make a difference against large external forces A clearly defined social contract: agreement on shared values and goals allows government, business, and individuals to produce the most optimal outcomes Planning for future generations: short-sighted presentism harms our shared future, and that of those yet to be born Better measures of economic success: move beyond a myopic focus on GDP to more complete, human-scaled measures of societal flourishing By accurately describing our real situation, Stakeholder Capitalism is able to pinpoint achievable ways to deal with our problems. Chapter by chapter, Professor Schwab shows us that there are ways for everyone at all levels of society to reshape the broken pieces of the global economy and—country by country, company by company, and citizen by citizen—glue them back together in a way that benefits us all.
Global crises such as rising economic inequality, volatile financial markets, and devastating climate change illustrate the defects of a global economic order controlled largely by transnational corporations, wealthy states, and other elites. As the impacts of such crises have intensified, they have generated a new wave of protests extending from the countries of the Middle East and North Africa throughout Europe, North America, and elsewhere. This new surge of resistance builds upon a long history of transnational activism as it extends and develops new tactics for pro-democracy movements acting simultaneously around the world. In Social Movements in the World-System, Jackie Smith and Dawn Wiest build upon theories of social movements, global institutions, and the political economy of the world-system to uncover how institutions define the opportunities and constraints on social movements, which in turn introduce ideas and models of action that help transform social activism as well as the system itself. Smith and Wiest trace modern social movements to the founding of the United Nations, as well as struggles for decolonization and the rise of national independence movements, showing how these movements have shifted the context in which states and other global actors compete and interact. The book shows how transnational activism since the end of the Cold War, including United Nations global conferences and more recently at World Trade Organization meetings, has shaped the ways groups organize. Global summits and UN conferences have traditionally provided focal points for activists working across borders on a diverse array of issues. By engaging in these international arenas, movements have altered discourses to emphasize norms of human rights and ecological sustainability over territorial sovereignty. Over time, however, activists have developed deeper and more expansive networks and new spaces for activism. This growing pool of transnational activists and organizations democratizes the process of organizing, enables activists to build on previous experiences and share knowledge, and facilitates local actions in support of global change agendas. As the world faces profound financial and ecological crises, and as the United States' dominance in the world political economy is increasingly challenged, it is especially urgent that scholars, policy analysts, and citizens understand how institutions shape social behavior and the distribution of power. Social Movements in the World-System helps illuminate the contentious and complex interactions between social movements and global institutions and contributes to the search for paths toward a more equitable, sustainable, and democratic world. A Volume in the American Sociological Association's Rose Series in Sociology
“A good read for anyone who wants to understand what actually determines whether a developing economy will succeed.” —Bill Gates, “Top 5 Books of the Year” An Economist Best Book of the Year from a reporter who has spent two decades in the region, and who the Financial Times said “should be named chief myth-buster for Asian business.” In How Asia Works, Joe Studwell distills his extensive research into the economies of nine countries—Japan, South Korea, Taiwan, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, and China—into an accessible, readable narrative that debunks Western misconceptions, shows what really happened in Asia and why, and for once makes clear why some countries have boomed while others have languished. Studwell’s in-depth analysis focuses on three main areas: land policy, manufacturing, and finance. Land reform has been essential to the success of Asian economies, giving a kick-start to development by utilizing a large workforce and providing capital for growth. With manufacturing, industrial development alone is not sufficient, Studwell argues. Instead, countries need “export discipline,” a government that forces companies to compete on the global scale. And in finance, effective regulation is essential for fostering, and sustaining growth. To explore all of these subjects, Studwell journeys far and wide, drawing on fascinating examples from a Philippine sugar baron’s stifling of reform to the explosive growth at a Korean steel mill. “Provocative . . . How Asia Works is a striking and enlightening book . . . A lively mix of scholarship, reporting and polemic.” —The Economist
The essays in Globalization on the Margins explore the continuities and changes in Central Asian education development since the collapse of the Soviet Union in 1991. Reflecting on two decades of post-socialist transformations, they reveal that education systems in Central Asia responded to the rapidly changing political, economic, and social environment in profoundly new and unique ways. Some countries moved towards Western models, others went backwards, and still others followed entirely new trajectories. Yet, elements of the “old” system remain. Rather than viewing these post-Soviet transformations in isolation, Globalization on the Margins places its analyses within the global context by reflecting on the interaction between Soviet legacies and global education reform pressures in the Central Asian countries of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. Instead of portraying the transition process as the influx of Western ideas into the region, the authors provide new lenses to critically examine the multidirectional flow of ideas, concepts, and reform models within Central Asia. Notwithstanding the variety of theoretical perspectives, methodological approaches, and conceptual lenses, the authors have one thing in common: both individually and collectively, they reveal the complexity and uncertainty of the post-Soviet transformations. By highlighting the political nature of the transformation processes and the uniqueness of historical, political, social, and cultural contexts of each particular country, Globalization on the Margins portrays post-Soviet education transformations as complex, multidimensional, and uncertain processes.