UID:
edocfu_9958352065502883
Format:
1 online resource(256 p.) :
,
illustrations.
Edition:
Electronic reproduction. New York, NY : Columbia University Press, 2015. Mode of access: World Wide Web.
Edition:
System requirements: Web browser.
Edition:
Access may be restricted to users at subscribing institutions.
ISBN:
9780231540223
Series Statement:
Contemporary Asia in the World
Content:
Many thought China's rise would fundamentally remake the global order. Yet, much like other developing nations, the Chinese state now finds itself entrenched in a status quo characterized by free trade and American domination. Through a cutting-edge historical, sociological, and political analysis, Ho-fung Hung exposes the competing interests and economic realities that temper the dream of Chinese supremacy--forces that are stymieing growth throughout the global South.Hung focuses on four common misconceptions about China's boom: that China could undermine orthodoxy by offering an alternative model of growth; that China is radically altering power relations between the East and the West; that China is capable of diminishing the global power of the United States; and that the Chinese economy would restore the world's wealth after the 2008 financial crisis. His work reveals how much China depends on the existing order and how the interests of the Chinese elites maintain these ties. Through its perpetuation of the dollar standard and its addiction to U.S. Treasury bonds, China remains bound to the terms of its own prosperity, and its economic practices of exploiting debt bubbles are destined to fail. Dispelling many of the world's fantasies and fears, Hung warns of a postmiracle China that will grow increasingly assertive in attitude while remaining constrained in capability.
Note:
Frontmatter --
,
Contents --
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Illustrations and Tables --
,
Preface --
,
Chronology State Making and Capitalist Development in China: 16th to 21st centuries --
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Introduction: Sinomania and Capitalism --
,
Part one. Origins --
,
One. A Market Without Capitalism: 1650–1850 --
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Two. Primitive Accumulation: 1850–1980 --
,
Three. The Capitalist Boom: 1980–2008 --
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Part two. Global Effects, Coming Demise --
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Four. Rise of the Rest --
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Five. A Post-American World? --
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Six. Global Crisis --
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Conclusion. After the Boom --
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Notes --
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References --
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Index
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In English.
Additional Edition:
ISBN 9780231164184
Language:
English
URL:
https://www.degruyter.com/doi/book/10.7312/hung16418
