China is becoming ever more deeply integrated with global political economy. This book addresses critical issues in this process.
It examines the paradox that the most dynamic part of the global market economy is presided over by the 70 million members of the Chinese Communist Party. It analyses China's policy of 'innovation in an open environment', attempting to nurture a group of globally competitive, large-scale companies. It also examines the impact of the Asian Financial Crisis upon China. The crisis provided a warning about the urgent need to undertake comprehensive reform of China's financial institutions, and highlighted the dangers of over-rapid integration into the global financial system.
In addition, the book analyses the wide-ranging challenges that China's political economy faces at the start of the twenty-first century, identifying the way in which China is attempting to resolve these contradictions by building on its rich historical experience to regulate market forces in order to achieve a socially harmonious and sustainable development path. It further examines the wider context of global capitalism within which Chinese development is taking place. Capitalism is the key propulsive force in technical progress. The recent period has seen an unprecedented liberation of this force. However, this force is a two-edged sword. Alongside the unprecedented advances have arisen unprecedented challenges that threaten the very survival of the human species.
Finally, it studies the relationship between the United States and China. Through cooperative behaviour, the US and China can help to lead the world towards a sustainable future for mankind, with a global market economy regulated in the common interest of all human beings. In the absence of such a mechanism, the prospects for humanity are bleak.
Acknowledgements
Author and Co-authors
Foreword
1 Reflections on 4th June 1989 by Peter Nolan 1
2 The Global Business Revolution and Developing Countries by Peter Nolan and Jin Zhang and Chunhang Liu 19
3 The Globalisation Challenge and the Catch-up of Developing Countries: The Case of the Brewing Industry by Peter Nolan and Yuantao Guo 43
4 The Global Industrial Consolidation and the Challenge for China: The Case of the Steel Industry by Peter Nolan and Huaichuan Rui 71
5 China in the Asian Financial Crisis: 'Cutting the Trees to Save the Forest' by Peter Nolan and Wang Xiaoqiang 95
6 China at the Crossroads by Peter Nolan 145
7 Capitalism and Freedom: The Contradictory Character of Globalisation by Peter Nolan 177
8 Capitalism, Conflict and Cooperation: US-China Relations under Capitalist Globalisation by Peter Nolan and Jin Zhang 231
Index 265
(0 Comentarios)
