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How China Became Capitalist
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Book Synopsis How China Became Capitalist by : R. Coase
Download or read book How China Became Capitalist written by R. Coase and published by Springer. This book was released on 2016-04-30 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Capitalism with Chinese Characteristics by : Yasheng Huang
Download or read book Capitalism with Chinese Characteristics written by Yasheng Huang and published by Cambridge University Press. This book was released on 2008-09-01 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents a story of two Chinas – an entrepreneurial rural China and a state-controlled urban China. In the 1980s, rural China gained the upper hand. In the 1990s, urban China triumphed. In the 1990s, the Chinese state reversed many of its rural experiments, with long-lasting damage to the economy and society. A weak financial sector, income disparity, rising illiteracy, productivity slowdowns, and reduced personal income growth are the product of the capitalism with Chinese characteristics of the 1990s and beyond. While GDP grew quickly in both decades, the welfare implications of growth differed substantially. The book uses the emerging Indian miracle to debunk the widespread notion that democracy is automatically anti-growth. As the country marked its 30th anniversary of reforms in 2008, China faces some of its toughest economic challenges and substantial vulnerabilities that require fundamental institutional reforms.
Book Synopsis The Myth of Chinese Capitalism by : Dexter Roberts
Download or read book The Myth of Chinese Capitalism written by Dexter Roberts and published by Macmillan + ORM. This book was released on 2020-03-10 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: The untold story of how restrictive policies are preventing China from becoming the world’s largest economy Dexter Roberts lived in Beijing for two decades working as a reporter on economics, business and politics for Bloomberg Businessweek. In The Myth of Chinese Capitalism, Roberts explores the reality behind today’s financially-ascendant China and pulls the curtain back on how the Chinese manufacturing machine is actually powered. He focuses on two places: the village of Binghuacun in the province of Guizhou, one of China’s poorest regions that sends the highest proportion of its youth away to become migrants; and Dongguan, China’s most infamous factory town located in Guangdong, home to both the largest number of migrant workers and the country’s biggest manufacturing base. Within these two towns and the people that move between them, Roberts focuses on the story of the Mo family, former farmers-turned-migrant-workers who are struggling to make a living in a fast-changing country that relegates one-half of its people to second-class status via household registration, land tenure policies and inequality in education and health care systems. In The Myth of Chinese Capitalism, Dexter Roberts brings to life the problems that China and its people face today as they attempt to overcome a divisive system that poses a serious challenge to the country’s future development. In so doing, Roberts paints a boot-on-the-ground cautionary picture of China for a world now held in its financial thrall. Dexter Roberts is an award-winning journalist and a regular commentator on the U.S.-China trade and political relationship. His prior speaking engagements include traditional news media outlets (NPR, Fox News, CNN International) as well as universities and institutes (George Washington University, Council on Foreign Relations, and the Overseas Press Club). He is available for virtual classroom visits to courses that adopt The Myth of Chinese Capitalism. Please contact [email protected] for more information.
Book Synopsis An Awkward Embrace by : Dan Blumenthal
Download or read book An Awkward Embrace written by Dan Blumenthal and published by Rowman & Littlefield. This book was released on 2012 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Awkward Embrace, Phillip Swagel applies his experience at the Treasury Department to show the reader why America's economic relationship with China has been a beneficial one and details what needs to happen for this trend to continue. Daniel Blumenthal, a former official specializing in Asia at the Department of Defense, is far less optimistic when examining the military, diplomatic, and security ties the United States has--or lacks--with China. China's overall view of the West--and especially of America--is one of hostility and suspicion. Furthermore, China has engaged in military, diplomatic, and human rights actions that are objectionable to a nation such as the United States, which seeks to encourage the establishment of responsible government worldwide. The tension here is real: how can the United States manage this relationship in a way that keeps its economic engagement with China on a steady course but likewise protects its national security interests? Blumenthal and Swagel offer three possible paths for the U.S.-China relationship. In all of them, they strive to demonstrate how internal forces are shaping China's interactions with other nations, and, furthermore, how US leaders can attempt to attain a world order that includes a strong China that contributes positively, while nonetheless preparing for the worst-case-scenario of China engaging in more assertive and destabilizing behavior.
Book Synopsis The Rise of China and the Demise of the Capitalist World Economy by : Minqi Li
Download or read book The Rise of China and the Demise of the Capitalist World Economy written by Minqi Li and published by Monthly Review Press. This book was released on 2009-03-01 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, China has become a major actor in the global economy, making a remarkable switch from a planned and egalitarian socialism to a simultaneously wide-open and tightly controlled market economy. Against the establishment wisdom, Minqi Li argues in this provocative and startling book that far from strengthening capitalism, China’s full integration into the world capitalist system will, in fact and in the not too distant future, bring about its demise. The author tells us that historically the spread and growth of capitalist economies has required low wages, taxation, and environmental costs, as well as a hegemonic nation to prevent international competition from eroding these requirements. With the decline of the economic power of the United States, its current hegemonic role will deteriorate and the unprecedented growth of China will so erode the foundations of capital accumulation—by pushing wages and environmental costs up, for example—that the entire capitalist system will be shaken to its core. This is essential reading for those who still believe that there is no alternative.
Book Synopsis Capitalism from Below by : Victor Nee
Download or read book Capitalism from Below written by Victor Nee and published by Harvard University Press. This book was released on 2012-06-19 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over 630 million Chinese escaped poverty since the 1980s, the largest decrease in poverty in history. Studying 700 manufacturing firms in the Yangzi region, the authors argue that the engine of China’s economic miracle—private enterprise—did not originate at the top but bubbled up from below, overcoming initial obstacles set up by the government.
Download or read book Tea War written by Andrew B. Liu and published by Yale University Press. This book was released on 2020-04-14 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis How China Escaped Shock Therapy by : Isabella M. Weber
Download or read book How China Escaped Shock Therapy written by Isabella M. Weber and published by Routledge. This book was released on 2021-05-26 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country’s rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China’s path. In the first post-Mao decade, China’s reformers were sharply divided. They agreed that China had to reform its economic system and move toward more marketization—but struggled over how to go about it. Should China destroy the core of the socialist system through shock therapy, or should it use the institutions of the planned economy as market creators? With hindsight, the historical record proves the high stakes behind the question: China embarked on an economic expansion commonly described as unprecedented in scope and pace, whereas Russia’s economy collapsed under shock therapy. Based on extensive research, including interviews with key Chinese and international participants and World Bank officials as well as insights gleaned from unpublished documents, the book charts the debate that ultimately enabled China to follow a path to gradual reindustrialization. Beyond shedding light on the crossroads of the 1980s, it reveals the intellectual foundations of state-market relations in reform-era China through a longue durée lens. Overall, the book delivers an original perspective on China’s economic model and its continuing contestations from within and from without.
Download or read book Unending Capitalism written by Karl Gerth and published by Cambridge University Press. This book was released on 2020-05-14 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: What forces shaped the twentieth-century world? Capitalism and communism are usually seen as engaged in a fight-to-the-death during the Cold War. With the establishment of the People's Republic of China in 1949, the Chinese Communist Party aimed to end capitalism. Karl Gerth argues that despite the socialist rhetoric of class warfare and egalitarianism, Communist Party policies actually developed a variety of capitalism and expanded consumerism. This negated the goals of the Communist Revolution across the Mao era (1949–1976) down to the present. Through topics related to state attempts to manage what people began to desire - wristwatches and bicycles, films and fashion, leisure travel and Mao badges - Gerth challenges fundamental assumptions about capitalism, communism, and countries conventionally labeled as socialist. In so doing, his provocative history of China suggests how larger forces related to the desire for mass-produced consumer goods reshaped the twentieth-century world and remade people's lives.
Book Synopsis Red Capitalists in China by : Bruce J. Dickson
Download or read book Red Capitalists in China written by Bruce J. Dickson and published by Cambridge University Press. This book was released on 2003-01-20 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Table of contents
Download or read book Industrial Eden written by Brett Sheehan and published by Harvard University Press. This book was released on 2015-04-09 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study of the evolution of Chinese capitalism chronicles the Song family of North China under five successive authoritarian governments. Brett Sheehan shows both foreign and Chinese influences on private business, which, although closely linked to the state, was neither a handmaiden to authoritarianism nor a natural ally of democracy.
Book Synopsis NO ANCIENT WISDOM, NO FOLLOWERS by : James McGregor
Download or read book NO ANCIENT WISDOM, NO FOLLOWERS written by James McGregor and published by Easton Studio Press, LLC. This book was released on 2012-11-06 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the past three decades, China has risen from near collapse to a powerhouse -- upending nearly every convention on the world stage, whether policy or business. China is now the globe’s second largest economy, second largest exporter, a manufacturing machine that has lifted 500 million of its citizens from poverty while producing more than one million US dollar millionaires. Then why do China’s leaders describe the nation’s economic model as “unstable and unsustainable”? Because it is. James McGregor has spent 25 years in China as a businessman, journalist and author. In this, his latest highly readable book, he offers extensive new research that pulls back the curtain on China’s economic power. He describes the much-vaunted “China Model” as one of authoritarian capitalism, a unique system that, in its own way, is terminating itself. It is proving incompatible with global trade and business governance. It is threatening multinationals, which fear losing their business secrets and technology to China’s mammoth state-owned enterprises. It is fielding those SOEs – China’s “national champions” -- into a global order angered by heavily subsidized state capitalism. And it is relying on an outdated investment and export model that’s running out of steam. What has worked in the past, won’t work in the future. The China Model must be radically overhauled if the country hopes to continue its march toward prosperity. The nation must consume more of what it makes. It must learn to innovate. It must unleash private enterprise. And the Communist Party bosses? They must cede their pervasive and smothering hold on economic power to foster the growth, and thus social stability, that they can’t survive without. Government must step back, the state-owned economy must be brought to heel, and opportunity must be freed. During the Tang Dynasty, an official in the imperial court observed: “No ancient wisdom, no followers.” He was lamenting that regime was headed alone into dangerous and uncharted waters without any precedent for guidance. Again today – as McGregor makes clear – this is China’s greatest challenge.
Book Synopsis From Commune to Capitalism by : Zhun Xu
Download or read book From Commune to Capitalism written by Zhun Xu and published by NYU Press. This book was released on 2018-06-22 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Socialism and capitalism in the Chinese countryside -- Chinese agrarian change in world-historical context -- Agricultural productivity and decollectivization -- The political economy of decollectivization -- The achievement, contradictions, and demise of rural collectives
Book Synopsis China's Capitalism by : Tobias ten Brink
Download or read book China's Capitalism written by Tobias ten Brink and published by University of Pennsylvania Press. This book was released on 2019-02-14 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1978, the end of the Mao era, economic growth in China has outperformed every previous economic expansion in modern history. While the largest Western economies continue to struggle with the effects of the deepest recession since World War II, the People's Republic of China still enjoys growth rates that are massive in comparison. In the country's smog-choked cities, a chaotic climate of buying and selling prevails. Tireless expansion and inventiveness join forces with an attitude of national euphoria in which anything seems possible. No longer merely the "workshop of the world," China is poised to become a global engine for innovation. In China's Capitalism, Tobias ten Brink considers the history of the socioeconomic order that has emerged in the People's Republic. With empirical evidence and a theoretical foundation based in comparative and international political economy, ten Brink analyzes the main characteristics of China's socioeconomic system over time, identifies the key dynamics shaping this system's structure, and discusses current trends in further capitalist development. He argues that hegemonic state-business alliances mostly at the local level, relative homogeneity of party-state elites, the maintenance of a low-wage regime, and unanticipated coincidences between domestic and global processes are the driving forces behind China's rise. He also surveys the limits to the state's influence over economic and social developments such as industrial overcapacity and social conflict. Ten Brink's framework reveals how combinations of three heterogeneous actors—party-state institutions, firms, and workers—led to China's distinctive form of capitalism. Presenting a coherent and historically nuanced portrait, China's Capitalism is essential reading for anyone interested in the socioeconomic order of the People's Republic and the significant challenges facing its continuing development.
Book Synopsis The Making of an Economic Superpower by : Yi Wen
Download or read book The Making of an Economic Superpower written by Yi Wen and published by World Scientific. This book was released on 2016-05-13 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China's rise. This book argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the determined rise of China is unstoppable despite its current "backward" financial system and political institutions. Conversely, China's spectacular and rapid transformation from an impoverished agrarian society to a formidable industrial superpower sheds considerable light on the fundamental shortcomings of the institutional theory and mainstream "blackboard" economic models, and provides more-accurate reevaluations of historical episodes such as Africa's enduring poverty trap despite radical political and economic reforms, Latin America's lost decades and frequent debt crises, 19th century Europe's great escape from the Malthusian trap, and the Industrial Revolution itself. Contents: IntroductionKey Steps Taken by China to Set Off an Industrial RevolutionShedding Light on the Nature and Cause of the Industrial RevolutionWhy is China's Rise Unstoppable?Wha's Wrong with the Washington Consensus and the Institutional Theories?Case Study of Yong Lian: A Poor Village's Path to Becoming a Modern Steel TownConclusion: A New Stage Theory of Economic Development Readership: Academics, undergraduate and graduates students, journalists and professionals interested in economic development, the history of the Industrial Revolution, and especially China's economic transformation and industrial growth, as well as the political economy of governance.
Book Synopsis Deng Xiaoping and the Transformation of China by : Ezra F. Vogel
Download or read book Deng Xiaoping and the Transformation of China written by Ezra F. Vogel and published by Harvard University Press. This book was released on 2013-10-14 with total page 553 pages. Available in PDF, EPUB and Kindle. Book excerpt: Winner of the Lionel Gelber Prize National Book Critics Circle Award Finalist An Economist Best Book of the Year | A Financial Times Book of the Year | A Wall Street Journal Book of the Year | A Washington Post Book of the Year | A Bloomberg News Book of the Year | An Esquire China Book of the Year | A Gates Notes Top Read of the Year Perhaps no one in the twentieth century had a greater long-term impact on world history than Deng Xiaoping. And no scholar of contemporary East Asian history and culture is better qualified than Ezra Vogel to disentangle the many contradictions embodied in the life and legacy of China’s boldest strategist. Once described by Mao Zedong as a “needle inside a ball of cotton,” Deng was the pragmatic yet disciplined driving force behind China’s radical transformation in the late twentieth century. He confronted the damage wrought by the Cultural Revolution, dissolved Mao’s cult of personality, and loosened the economic and social policies that had stunted China’s growth. Obsessed with modernization and technology, Deng opened trade relations with the West, which lifted hundreds of millions of his countrymen out of poverty. Yet at the same time he answered to his authoritarian roots, most notably when he ordered the crackdown in June 1989 at Tiananmen Square. Deng’s youthful commitment to the Communist Party was cemented in Paris in the early 1920s, among a group of Chinese student-workers that also included Zhou Enlai. Deng returned home in 1927 to join the Chinese Revolution on the ground floor. In the fifty years of his tumultuous rise to power, he endured accusations, purges, and even exile before becoming China’s preeminent leader from 1978 to 1989 and again in 1992. When he reached the top, Deng saw an opportunity to creatively destroy much of the economic system he had helped build for five decades as a loyal follower of Mao—and he did not hesitate.
Book Synopsis China Rising: Capitalist Roads, Socialist Destinations by : Jeff J. Brown
Download or read book China Rising: Capitalist Roads, Socialist Destinations written by Jeff J. Brown and published by Punto Press Publishing. This book was released on 2017-03-24 with total page 515 pages. Available in PDF, EPUB and Kindle. Book excerpt: CHINA RISING, the latest book by the author of 44 Days Backpacking in China: The Middle Kingdom in the 21st Century, with the United States, Europe and the Fate of the World in Its Looking Glass, one of the most engaging political travelogues in recent memory, is a comprehensive, absorbing, eye-opening guide to China in the 21st century, a volume which in 700 pp packs it all: history, personal memory, sociology, political analysis. and above all a fair dose of invaluable first-hand information designed to detoxify the Western reader's mind from the constant lies served by the Western media in support of Washington's global imperial agenda. The result is a thorough rectification, a "deprogramming" of just about everything we, as Westerners, have been "taught" to believe about China, allowing us to see the Chinese people and their leaders as they really are—ordinary human beings just like us with dreams, foibles, defects and a proud history extending millennia, a people that in a century have overcome just about every scourge known to man: famines, massive drug addiction, civil wars, invasions, grinding poverty and humiliation, to become one of the great powers of this century, perhaps the greatest, and which today, much as a result of its success, is facing the undying hostility of the world's hegemon, the United States, itching for a confrontation to reassert imperial control. It is thus indispensable for Westerners and Asians to know the truth of the situation, what their governments are doing (led by the USA) behind their backs, if the planet is to be spared a nuclear conflict of incalculable horror.. For, as Brown indicates, China will not back down this time, and neither will Russia, her strategic ally, who faces the same type of constant harassment and bullying by the West, also for having the audacity to defend her sovereignty and set her own foreign policy course. The truth therefore must come out about key events, from the so-called "Tiananmen Massacre", organized by the CIA, to who Mao Zedong really was and did, a role for which he earned the love of his countrymen to this day. It's a big job, but the author, an American fluent in Chinese, a teacher by profession, and with 15 years residence in the Middle Kingdom, and a cosmopolitan background, is eminently qualified to meet the task. Andre Vltchek, himself a truth-teller of distinction, and a man who, like Jeff Brown knows China well, has endorsed CHINA RISING as a unique instrument of mind liberation. Vltchek words are worth heeding: "The Western public should learn and remember one essential thing about China: no matter what European and North American propaganda barks about the People’s Republic, China is much more “democratic” than the West. It is democratic in its own way. For thousands of years, it developed its own political system. Its rulers, no matter who they are, are given a conditional right to govern by the people. In the past, but even now it is called a “Heavenly Mandate”. If the rulers fail to respect the will of the people, they get deposed. And the Communist Party of China is greatly respectful of the desires of the majority of the Chinese people. When they want liberal reforms, they are delivered. When they want more Communism and an epic fight against corruption, like now, China’s government immediately reacts. It is powerful and democratic, although it is a very specific and complex arrangement. And now, the Chinese people are outraged and they are sending clear signals to Beijing: “do not succumb to the West.” “If you do, our nation will suffer immensely, and the rest of the world will turn to ashes.” The fate of the world hangs in the balance and only truth can prevent a global catastrophe.
