China's capitalism
- 328 páginas
- 12 horas de lectura
Since 1978, following the end of the Mao era, China's economic growth has surpassed all previous expansions in modern history. While major Western economies grapple with the aftermath of the deepest recession since World War II, China continues to experience remarkable growth rates. In its densely populated, smog-filled cities, a vibrant marketplace thrives, fueled by relentless expansion and a national sense of optimism. No longer just the "workshop of the world," China is emerging as a global hub for innovation. Tobias ten Brink explores the history of the socioeconomic order that has developed in the People's Republic. Utilizing empirical evidence and a theoretical framework rooted in comparative and international political economy, he examines the defining features of China's socioeconomic system, identifies key dynamics shaping its structure, and discusses current trends in capitalist development. Ten Brink argues that local hegemonic state-business alliances, a relatively uniform party-state elite, a low-wage regime, and unexpected alignments between domestic and global processes are crucial to China's ascent. He also addresses the limits of state influence on economic and social issues, including industrial overcapacity and social unrest. By analyzing the interactions among party-state institutions, firms, and workers, ten Brink provides a comprehensive and historically informed perspective on China's unique form of c

