Has China Devised a Superior Path to Wealth Creation? The Role of Secular Values


Book Description

The rise of China will profoundly change the world, and the rest of us now have a chance to understand how and why this is happening, or continue to moralise about this “disaster”, thought to harm our way of life. What is especially galling is that the Chinese appear better able to create wealth and value than the West. Even in the midst of political denunciations, more and more businesses are profitably engaging China. We have to face the fact that China excels at what we are supposed to admire, the peaceful creation of wealth. It even withstands the current pandemic several hundred times more successfully than we have. The answers to China’s success lie not in “communism” but in Chinese civilization and culture which is 22 centuries old and extends to most of East Asia, and has traded peacefully since Roman times. This is a book about measured business cultures, East and West, and explains, using largely Western scholarship, why China is winning and will continue to do so unless and until we wake up.




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.




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


Book Description

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.




2050 China


Book Description

This book is open access under a CC BY-NC-ND 4.0 license. This book is arranged and developed around the theme of “2050 China,” it analyzes the factors and advantages of the Chinese road to socialist modernization, explores and summarizes the development goal and the basic logic of the socialist modernization of China, and further shows the general basis of the primary stage of socialism. According to the report delivered at the 19th Party Congress, and according to the “two-stage” strategic plan, this book looks ahead in detail to the overarching objective and sub-objectives of essentially achieving socialist modernization by 2035, discusses the building of a great modern socialist country in all respects from the perspective of the Party’s six-sphere integrated plan of economic, political, cultural, social, ecological civilization, and national defense construction, and provides policy proposals. This book also analyzes the influence and the effect of the socialist modernization with Chinese characteristics on the world and it further presents the third centenary goal. In conclusion, this book is an elaboration of the work of the Institute for Contemporary China Studies, Tsinghua University. It reflects the intellectual innovation in the authors’ research on contemporary China, as well as the authors’ foresight and predictions about China’s future development.







Contemporary Issues in International Arbitration and Mediation: The Fordham Papers (2008)


Book Description

The 2008 volume of Contemporary Issues in International Arbitration and Mediation - The Fordham Papers is a collection of important works in international arbitration and mediation written by the prominent speakers at the 2008 Fordham Law School Conference on International Arbitration and Mediation. The 24 papers are organized into the following six parts: Part I: Investor-State Arbitration Part II: Recent Significant Domestic Judicial Decisions Involving or Potentially Involving International Arbitration Part III: Class Actions and Consolidation in International Arbitration Part IV: Intellectual Property and Information Technology Issues in International Arbitration Part V: Mediation: Issues, Solutions, and Expanding Applications




Deng Xiaoping and the Transformation of China


Book Description

Winner of the Lionel Gelber Prize National Book Critics Circle Award Finalist An Economist Best Book of the Year | A Financial Times Book of the Year | A Wall Street Journal Book of the Year | A Washington Post Book of the Year | A Bloomberg News Book of the Year | An Esquire China Book of the Year | A Gates Notes Top Read of the Year Perhaps no one in the twentieth century had a greater long-term impact on world history than Deng Xiaoping. And no scholar of contemporary East Asian history and culture is better qualified than Ezra Vogel to disentangle the many contradictions embodied in the life and legacy of China’s boldest strategist. Once described by Mao Zedong as a “needle inside a ball of cotton,” Deng was the pragmatic yet disciplined driving force behind China’s radical transformation in the late twentieth century. He confronted the damage wrought by the Cultural Revolution, dissolved Mao’s cult of personality, and loosened the economic and social policies that had stunted China’s growth. Obsessed with modernization and technology, Deng opened trade relations with the West, which lifted hundreds of millions of his countrymen out of poverty. Yet at the same time he answered to his authoritarian roots, most notably when he ordered the crackdown in June 1989 at Tiananmen Square. Deng’s youthful commitment to the Communist Party was cemented in Paris in the early 1920s, among a group of Chinese student-workers that also included Zhou Enlai. Deng returned home in 1927 to join the Chinese Revolution on the ground floor. In the fifty years of his tumultuous rise to power, he endured accusations, purges, and even exile before becoming China’s preeminent leader from 1978 to 1989 and again in 1992. When he reached the top, Deng saw an opportunity to creatively destroy much of the economic system he had helped build for five decades as a loyal follower of Mao—and he did not hesitate.




The Future for Investors


Book Description

The new paradigm for investing and building wealth in the twenty-first century. The Future for Investors reveals new strategies that take advantage of the dramatic changes and opportunities that will appear in world markets. Jeremy Siegel, one of the world’s top investing experts, has taken a long, hard, and in-depth look at the market and the stocks that investors should acquire to build long-term wealth. His surprising finding is that the new technologies, expanding industries, and fast-growing countries that stockholders relentlessly seek in the market often lead to poor returns. In fact, growth itself can be an investment trap, luring investors into overpriced stocks and overly competitive industries. The Future for Investors shatters conventional wisdom and provides a framework for picking stocks that will be long-term winners. While technological innovation spurs economic growth, it has not been kind to investors. Instead, companies that have marketed tried-and-true products for decades in slow-growth or even declining industries have superior returns to firms that develop “the bold and the new.” Industry sectors many regard as dinosaurs—railroads and oil companies, for example—have actually beat the market. Professor Siegel presents these strategies within the context of the coming shift in global economic power and the demographic age wave that will sweep the United States, Europe, and Japan. Contrary to the popular belief that these economic and demographic trends doom investors to poor returns, Professor Siegel explains the True New Economy and how to take advantage of the coming surge in invention, discovery, and economic growth. The faster the world changes, the more important it is for investors to heed the lessons of the past and find the tried-and-true companies that can help you beat the market and prosper in the years ahead.




Housing Inequality in Chinese Cities


Book Description

In recent decades, Chinese cities have experienced profound social, economic and spatial transformations. In particular, Chinese cities have witnessed the largest housing boom in history and unprecedented housing privatization. China now is a country of homeowners, with more than 70 per cent of urban residents owning homes, higher than many developed countries. This book shows how China’s spectacular housing success is not shared by all social groups, with rapidly rising housing inequality, and residential segregation increasingly prevalent in previously homogeneous Chinese cities. It focuses on the two extremes of the residential landscape, and reveals the stark contrast between low-income households who live in shacks in so-called ‘urban villages’ and the nouveaux riches who live in exclusive gated villa communities. Over four parts, the contributors look at the degree to which inequality affects Chinese cities, and the extent of residential differentiation; housing for the urban poor, and in particular, housing for migrants from rural China; housing for the rapidly expanding Chinese middle class and the new rich; and finally, governance in residential neighbourhoods. Housing Inequality in Chinese Cities presents theoretically informed and empirically grounded research into the polarized residential landscape in Chinese cities, and as such will be of great interest to students and scholars of Chinese studies, urban geography, urban sociology, and urban studies.




The Son from the West


Book Description

In this autobiography, The Rt Hon the Earl of Cromer looks back at a life spent in great part in the Far East and spanning a period of enormous change.