THE STATE AND CAPITAL IN CHINA


Book Description

The State and Capital in China offers a critical interpretation of Chinese recent history, scrutinizing the political and economic turnaround post-1978. It analyzes the dynamics of the party-state system, the de-collectivization of agriculture, the liberalization of the labor market, the rise of private sector, the crucial role of the global market, the new social exploitation, and the prospects for China. In the near future, it will no longer be possible to maintain current gigantic investment levels that feed its high economic growth. Global competition, technological dispute, and the downward pressure of overaccumulation on the rate of profit are all significant limits to Chinese current economic model. The immense inequalities in income and wealth have been fuelling protest and worker strikes, while environmental damage limits natural resources availability. The problems of Chinese capitalism discussed in this book have been exacerbated by the new cold war unleashed by the United States. Building on the theory of uneven and combined development, this book assesses the Chinese development, refusing the economism often present in appraisals of this theme. Worker struggles and progressive forces can benefit from this research on the nature and implications of the transformations in the world's second largest economy and a new superpower.




China's Contained Resource Curse


Book Description

A novel empirical study of the 'resource curse' and the state response in contemporary China.




China's Contested Capital


Book Description

Charles Musgrove brings the city of Nanjing back into the discussion of China's modern development, focusing on how it was transformed from a factional capital with only regional influence into a symbol of nationhood - a city where newly forming ideals of citizenship were celebrated and contested on its streets and at its monuments.




Globalizing Patient Capital


Book Description

Examines China's overseas financial investments in the developing world, and its impact on national economic policymaking in the Americas.




Urban China


Book Description

In the last 30 years, China’s record economic growth lifted half a billion people out of poverty, with rapid urbanization providing abundant labor, cheap land, and good infrastructure. While China has avoided some of the common ills of urbanization, strains are showing as inefficient land development leads to urban sprawl and ghost towns, pollution threatens people’s health, and farmland and water resources are becoming scarce. With China’s urban population projected to rise to about one billion – or close to 70 percent of the country’s population – by 2030, China’s leaders are seeking a more coordinated urbanization process. Urban China is a joint research report by a team from the World Bank and the Development Research Center of China’s State Council which was established to address the challenges and opportunities of urbanization in China and to help China forge a new model of urbanization. The report takes as its point of departure the conviction that China's urbanization can become more efficient, inclusive, and sustainable. However, it stresses that achieving this vision will require strong support from both government and the markets for policy reforms in a number of area. The report proposes six main areas for reform: first, amending land management institutions to foster more efficient land use, denser cities, modernized agriculture, and more equitable wealth distribution; second, adjusting the hukou household registration system to increase labor mobility and provide urban migrant workers equal access to a common standard of public services; third, placing urban finances on a more sustainable footing while fostering financial discipline among local governments; fourth, improving urban planning to enhance connectivity and encourage scale and agglomeration economies; fifth, reducing environmental pressures through more efficient resource management; and sixth, improving governance at the local level.




How China Became Capitalist


Book Description

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.




Venture Capital Law in China


Book Description

Provides an in-depth comparative, empirical and critical analysis of the law and practice of venture capital in China.




Beijing


Book Description

This World Cities Series volume is a major work on the nature of the Chinese city and the traditional concept of Chinese city planning. It uses Beijing as the case study, and its theme is how the traditional Chinese world view has influenced the function and layout of the traditional Chinese city and in particular, the capital city. The influence of Communist planning since 1949 is also traced and discussed to show how socialist principles have come to overlay and modify ancient structure. Further chapters cover city planning, housing, urban transport, urban environment, social areas, and economic and non-economic functions of the city. Beijing provides an historical perspective of over 5000 years in its first three chapters, but the remainder focuses is on the present-day role, layout and problems of one of the world?s greatest and most complex historic cities and the capital of the most populous nation. This book will be essential reading for planners, historians, geographers and Sinologists as well as providing ?background? both for tourists and armchair travellers.




Capitalism with Chinese Characteristics


Book Description

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.




Market in State


Book Description

Uses the framework of 'market in state', to argue that the Chinese economy is state-centered, dominated by political principles over economic principles.