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.

News headlines warn of rivalries and competing nations across Asia and the Pacific, even as powerful new cross-border relations form as never before. This book looks behind the Asia-Pacific curtain: at the new forms of social, economic, and political integration taking place through a global capitalism that is rife with contradictions, inequality, and crisis. We are moved beyond traditional conceptualizations of the inter-state system with its nation-state competition as the core organizing principle of world capitalism and the principal institutional framework that shapes the makeup of global social forces. These important studies examine and debate over how there is a growing transnationality of material (economic) relations in the global era, as well as an emerging transnationality of many social and class relations. How does transnational capitalist class fractions, new middle strata, and labor undergird globalization in Asia and Oceania? How have states and institutions become entwined with such processes? This book provides insight into a field of dynamic change.

This book describes the dramatic economic and spatial transformation in China's Pearl River Delta region over the past decade. Reforms introduced by the Chinese government since 1978 were the cause of this transformation. The Pearl River Delta has had the highest recorded rate of economic growth in East Asia and has done so through a pattern of development which differed significantly from that found in other regions of fast growth. George Lin reviews the processes by which this remarkable transformation was achieved and discusses the implications of such change. Red Capitalism in South China looks at theories of regional development and the patterns of spatial and economic restructuring in the Delta, and provides three case studies which focus on the transformation of the peasant economy, transport development, and the influence of Hong Kong.

This book provides the basic knowledge of Japanese contributions in political economy and the ongoing research agenda, such as the pursuit of theoretical consistency in Marxian economics by Uno School; the concept of ‘civil society’ as a criterion of existing socio-economic structure; a mathematical reconstruction of Marxian theory; and an analysis of environmental pollution. The new generation of Japanese political economists in collaboration with their overseas counterparts has produced new insights into political economy and into the newly emerging structure of the world economy. The book provides useful insights into international capitalism and how past patterns of uneven development are now changing; the role of international finance in affecting both national and international growth and employment patterns; an analysis of recent growth patterns in Asia; and the specific issue emerging within the Asian region and the implications for economics, social change and geopolitics.

In this concise historical and conceptual analysis of China's evolving position in a world defined predominantly by global capitalist development, Lin offers a critical review of relevant debates and discusses the imperative and feasibility of a socialist Chinese model, reconstructed, as an alternative to standardized modernity at an impasse.

The all-encompassing embrace of world capitalism at the beginning of the twenty-first century was generally attributed to the superiority of competitive markets. Globalization had appeared to be the natural outcome of this unstoppable process. But today, with global markets roiling and increasingly reliant on state intervention to stay afloat, it has become clear that markets and states aren’t straightforwardly opposing forces. In this groundbreaking work, Leo Panitch and Sam Gindin demonstrate the intimate relationship between modern capitalism and the American state, including its role as an “informal empire” promoting free trade and capital movements. Through a powerful historical survey, they show how the US has superintended the restructuring of other states in favor of competitive markets and coordinated the management of increasingly frequent financial crises. The Making of Global Capitalism, through its highly original analysis of the first great economic crisis of the twenty-first century, identifies the centrality of the social conflicts that occur within states rather than between them. These emerging fault lines hold out the possibility of new political movements transforming nation states and transcending global markets.

Combining anatomies of textual examples with broader contextual considerations related with the social, political and economic developments of post-Mao China, Xiaoping Wang intends to explore newly emerging social and cultural trends in contemporary China, and find the truth content of Chinese society and culture in the age of global capitalism. Through in-depth textual analyses covering a variety of media, ranging from fiction, poetry, film to theoretical works as well as cultural phenomena which mirror social and cultural occurrences and reflect the present ideological proclivities of the Chinese society, this study offers timely interpretations of China in the age of globalization, its political inclinations, social fashions and cultural tendencies, and provides thought-provoking messages of China’s socio-economic and political reality.

This book is a critique of claims regarding how emerging economies are supposedly rewriting the rules of global governance and ushering in alternative models to neoliberal orthodoxy. It argues that such assumptions are abstractions that ignore both the transnationalizing nature of the global political economy and the actual policy goals of the ruling classes within most emerging economies. Considering the larger issues behind the emerging economies (or powers) debate, the book deploys an adapted global capitalism perspective with insights from Gramsci, Poulantzas and Cox, to argue that the transnational nature of the global political economy and the actual policy goals of the dominant elites within most emerging economies merge to undermine any transformative element. Far from challenging the global order, these ostensible new rivals in fact seek to integrate their economies more and more within the existing liberal global economy. Inter-state dynamics and even inter-elite tensions exist and it is clear that the nation state has not simply become a transmission belt for global capital, but equally we must move beyond the surface phenomena that are most visible in global tensions to get at the underlying essence of social and class forces in the global political economy. Looking at the largest emerging powers, such as Brazil, Russia, India and China, Taylor explains why the emerging powers’ elites, although essentially subscribing to neoliberalism (in all its variegated forms) may confront the core in a myriad of ways, but that these are not challenges to the ongoing world order and, in fact, the so-called emerging powers serve a legitimizing function for the extant global system. The book will be of great use to graduates and scholars of International Relations, Global/International Political Economy and International Development.

Jia Zhangke is praised as “the most internationally prominent and celebrated figure of the Six-Generation of Chinese filmmakers”. This book provides an examination the content and forms of Jia’s featured films and analyzes their merits and faults. Jia’s films often narrate the lives of ordinary Chinese people against the backdrop of the political-economic changes. The author conducts an in-depth analysis of how this change have ferociously impinged upon the characters’ living conditions since China integrated itself with the world economy in the high tide of accelerated globalization since the 1970s. The author focuses on discussing the “politics of dignity” expressed by Jia’s allegorical renditions to explore the director’s political unconsciousness and cultural-political notions. This book maps ten of Jia Zhangke’s films onto three major themes: Jia’s filmmaking and China in the market society; truth claims and political unconscious; “post-socialist modernity” in the age of globalization. This book will be of interest to students and scholars of Chinese film studies, as well as other disciplines, such as political science, sociology, anthropology, etc.

Chinese Capitalism in a Global Era examines the dynamic ways in which millions of ethinic Chinese in East and Southeast Asian economies organize their economic activities. It analyses how Chinese capitalism has changed under conditions of contemporary globalization and anticipates what the future holds for it. The book challenges the conventional notion of Chinese cpitalism as 'crony capitalism', based around kinship networks and untouched by globalization.