Making Of An Economic Superpower, The: Unlocking China's Secret Of Rapid Industrialization

Making Of An Economic Superpower, The: Unlocking China's Secret Of Rapid Industrialization
Author: Yi Wen
Publisher: World Scientific
Total Pages: 336
Release: 2016-05-13
Genre: Business & Economics
ISBN: 9814733741

Download Making Of An Economic Superpower, The: Unlocking China's Secret Of Rapid Industrialization Book in PDF, Epub and Kindle

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.

Paths to the Emerging State in Asia and Africa

Paths to the Emerging State in Asia and Africa
Author: Keijiro Otsuka
Publisher: Springer
Total Pages: 305
Release: 2019-01-16
Genre: Business & Economics
ISBN: 9811331316

Download Paths to the Emerging State in Asia and Africa Book in PDF, Epub and Kindle

This book is open access under a CC BY-NC-ND license. This book addresses the issue of how a country, which was incorporated into the world economy as a periphery, could make a transition to the emerging state, capable of undertaking the task of economic development and industrialization. It offers historical and contemporary case studies of transition, as well as the international background under which such a transition was successfully made (or delayed), by combining the approaches of economic history and development economics. Its aim is to identify relevant historical contexts, that is, the ‘initial conditions’ and internal and external forces which governed the transition. It also aims to understand what current low-income developing countries require for their transition. Three economic driving forces for the transition are identified. They are: (1) labor-intensive industrialization, which offers ample employment opportunities for labor force; (2) international trade, which facilitates efficient international division of labor; and (3) agricultural development, which improves food security by increasing supply of staple foods. The book presents a bold account of each driver for the transition.

The Making of the Chinese Industrial Workplace

The Making of the Chinese Industrial Workplace
Author: Mark W. Frazier
Publisher: Cambridge University Press
Total Pages: 306
Release: 2002-01-24
Genre: Political Science
ISBN: 1139432230

Download The Making of the Chinese Industrial Workplace Book in PDF, Epub and Kindle

State workers in China have until recently enjoyed the 'iron rice bowl' of comprehensive cradle-to-grave benefits and lifetime employment. This central institution in Chinese politics emerged over the course of various crises that swept through China's industrial sector prior to and after revolution in 1949. Frazier explores critical phases in the expansion of the Chinese state during the middle third of the twentieth century to reveal how different labour institutions reflected state power. While the 'iron rice bowl' is usually seen as an outgrowth of Communist labour policy, Frazier's account shows that is has longer historical roots. As a product of the Chinese state, the iron rice bowl's dismantling in the 1990s has raised sensitive issues about the way in which the contemporary Chinese state exerts control over urban industrial society. This book sheds light on state and society relations in China under the Nationalist and Communist regimes.

The Economy of Communist China, 1949-1969

The Economy of Communist China, 1949-1969
Author: Chu-Yuan Cheng
Publisher: U of M Center for Chinese Studies
Total Pages: 89
Release: 2020-08
Genre:
ISBN: 0472038397

Download The Economy of Communist China, 1949-1969 Book in PDF, Epub and Kindle

Economic development in mainland China during the first two decades of Communist control provides a typical example for the difficult task to transform a vast underdeveloped agrarian economy into a modern industrial one. In the first half of this period, a series of massive transformations of social and economic institutions was accompanied by a drafted industrialization program; the result was an impressive speed-up in economic growth. The second decade witnessed an economic crisis (1960-62) and a political upheaval (1966-68). These disruptions marred the economic performance over the period as a whole. Consequently, the long-term growth rate appears to have been only moderate.The Economy of Communist China reviews selected aspects of the economy. After examining the development strategy, it analyzes the quantitative trends and the structural changes. The book goes on to analyze the key factors contributing to the earlier growth and the elements responsible for the later disruption and finally assesses the impact of the Cultural Revolution on the Chinese economy and the prospects of the current Third Five-Year Plan.The text includes a bibliography of selected materials on Chinese economic development.

How China Became Capitalist

How China Became Capitalist
Author: R. Coase
Publisher: Springer
Total Pages: 268
Release: 2016-04-30
Genre: Business & Economics
ISBN: 1137019379

Download How China Became Capitalist Book in PDF, Epub and Kindle

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.

Tea War

Tea War
Author: Andrew B. Liu
Publisher: Yale University Press
Total Pages: 359
Release: 2020-04-14
Genre: History
ISBN: 0300252331

Download Tea War Book in PDF, Epub and Kindle

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.