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Making Capitalism in China

Making Capitalism in China
Author: You-tien Hsing
Publisher: Oxford University Press, USA
Total Pages: 265
Release: 1998
Genre: China
ISBN: 0195103246

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Making Capitalism in China: The Taiwan Connection shows that small- and medium-sized Taiwanese investors are organized in production and marketing networks, not vertically integrated conglomerates. When in China they directly negotiate and establish partnerships with entrepreneurial local officials, not the central bureaucracy. Also, they effectively transfer a capitalist ideology of production to Chinese factory workers. Importantly, the investors attribute their business successes in China to the cultural, historical, and linguistic affinities they share with these local agents. Connections regarding socio-cultural identity do more than facilitate business dealings or ease labor relations; Hsing asserts that partnerships between mainland settlements and overseas Chinese investors constitute a local-global coalition of economic reform, one that strengthens local autonomy in China and bypasses the control of the central government. This coalition is nothing short of a new pattern of foreign direct investment, one profoundly influenced by both cultural boundaries (usually deemed insignificant in matters of capital flow and globalization) and local state agents (who operate in this case as crucial business partners). A notable work that will appeal to all students of East Asian economic organization, ethnic business networks, international investment, and the political economy of socialist transition. Hsing's book is based on hundreds of interviews and participatory observations that she conducted between 1991 and 1996 with investors, local officials, and factory workers in Taiwan, Hong Kong, Guangdong, Fujian, and Shanghai.


How China Became Capitalist

How China Became Capitalist
Author: R. Coase
Publisher: Springer
Total Pages: 256
Release: 2016-04-30
Genre: Business & Economics
ISBN: 1137019379

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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.


Making Capitalism in Rural China

Making Capitalism in Rural China
Author: Michael John Webber
Publisher: Edward Elgar Publishing
Total Pages: 337
Release: 2012-01-01
Genre: Business & Economics
ISBN: 0857934104

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This stimulating and challenging book explores the duplicitous nature of development in China. On the positive side, it brings longer and healthier lives; fewer children dead before they are five years old; more comfort and security from famine and disaster; more education; more communication; more travel; less war. But from another, darker perspective, development brings violence to some people – those who are in the way of the new things, those who cannot adapt to the new ways – and it threatens old knowledges, habits and societies as it disrupts old power structures. Michael Webber presents fascinating case studies that demonstrate what these forms of development mean for people who are relatively weak or powerless – those who post-colonial theorists call the subalterns. The cases illustrate how development can change the manner in which people relate to each other and threatens their entire environment. Through this detailed consideration of the impacts of development on the people who live in those places, he examines whether these changes represent the emergence of capitalism or a transition, develops a theory of relationships between economy and daily life and questions the very nature of Chinese capitalism. This multidisciplinary study encompasses the social sciences to provide a coherent view of the forms that development takes in various places within rural China. As such, it will prove a fascinating and thought-provoking read for undergraduates, postgraduate students and researchers within economics, Asian studies, development studies and geography.


Capitalism with Chinese Characteristics

Capitalism with Chinese Characteristics
Author: Yasheng Huang
Publisher: Cambridge University Press
Total Pages: 560
Release: 2008-09-01
Genre: Political Science
ISBN: 1139475134

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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.


The Myth of Chinese Capitalism

The Myth of Chinese Capitalism
Author: Dexter Roberts
Publisher: Macmillan + ORM
Total Pages: 183
Release: 2020-03-10
Genre: Political Science
ISBN: 1250089387

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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.


Capitalism from Below

Capitalism from Below
Author: Victor Nee
Publisher: Harvard University Press
Total Pages: 450
Release: 2012-06-19
Genre: Business & Economics
ISBN: 0674065395

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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.


The State of China’s State Capitalism

The State of China’s State Capitalism
Author: Juann H. Hung
Publisher: Springer
Total Pages: 354
Release: 2018-11-23
Genre: Business & Economics
ISBN: 9811309833

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This book comprises a collection of well-researched essays on selected contemporary economic and finance issues in China, making a timely contribution to the intellectual intercourse regarding the implications of China’s rise. These essays analyze issues related to the state of China’s ecology, real estate market, inbound and outbound FDI, income inequality, etc., and offer analysis on the policy and institutional causes of those issues. Readers will be able to infer their implications for business opportunities in China and the tradeoff / tension between economic growth and social welfare. Moreover, this book introduces an array of data and data sources useful to scholars and practitioners interested in studying the Chinese model of economic growth. This book will be a valuable resource to journalists and scholars trying to gain insight into China’s extraordinary pace of growth in the past three decades.


The Rise of China and the Demise of the Capitalist World Economy

The Rise of China and the Demise of the Capitalist World Economy
Author: Minqi Li
Publisher: Monthly Review Press
Total Pages: 236
Release: 2009-03-01
Genre: Political Science
ISBN: 9781583671825

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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.


State Capitalism, Institutional Adaptation, and the Chinese Miracle

State Capitalism, Institutional Adaptation, and the Chinese Miracle
Author: Barry Naughton
Publisher: Cambridge University Press
Total Pages: 297
Release: 2015-06-09
Genre: Business & Economics
ISBN: 1107081068

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This volume explores how Chinese institutions have adapted to the new challenges of 'state capitalism'.


Land Bargains and Chinese Capitalism

Land Bargains and Chinese Capitalism
Author: Meg E. Rithmire
Publisher: Cambridge University Press
Total Pages: 237
Release: 2015-10-07
Genre: Business & Economics
ISBN: 1107117305

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This book explains the origins of Chinese land politics and explores how property rights and urban growth strategies differ among Chinese cities.