The recent economic rise of China and India has attracted a great deal of attention--and justifiably so. Together, the two countries account for one-fifth of the global economy and are projected to ...represent a full third of the world's income by 2025. Yet, many of the views regarding China and India's market reforms and high growth have been tendentious, exaggerated, or oversimplified.Awakening Giants, Feet of Clayscrutinizes the phenomenal rise of both nations, and demolishes the myths that have accumulated around the economic achievements of these two giants in the last quarter century. Exploring the challenges that both countries must overcome to become true leaders in the international economy, Pranab Bardhan looks beyond short-run macroeconomic issues to examine and compare China and India's major policy changes, political and economic structures, and current general performance.
Bardhan investigates the two countries' economic reforms, each nation's pattern and composition of growth, and the problems afflicting their agricultural, industrial, infrastructural, and financial sectors. He considers how these factors affect China and India's poverty, inequality, and environment, how political factors shape each country's pattern of burgeoning capitalism, and how significant poverty reduction in both countries is mainly due to domestic factors--not global integration, as most would believe. He shows how authoritarianism has distorted Chinese development while democratic governance in India has been marred by severe accountability failures.
Full of valuable insights,Awakening Giants, Feet of Clayprovides a nuanced picture of China and India's complex political economy at a time of startling global reconfiguration and change.
This book emphasizes the centrality of cities in China's ongoing transformation. Based on fieldwork in twenty-four Chinese cities between 1996 and 2007, the author forwards an analysis of the ...relations between the city, the state, and society through two novel concepts: urbanization of the local state and civic territoriality. Urbanization of the local state is a process of state power restructuring entailing an accumulation regime based on the commodification of state-owned land, the consolidation of territorial authority through construction projects, and a policy discourse dominated by notions of urban modernity. Civic territoriality encompasses the politics of distribution engendered by urban expansionism, and social actors' territorial strategies toward self-protection. Findings are based on observations in three types of places. In the inner city of major metropolitan centers, municipal governments battle high-ranking state agencies to secure land rents from redevelopment projects, while residents mobilize to assert property and residential rights. At the urban edge, as metropolitan governments seek to extend control over their rural hinterland through massive-scale development projects, villagers strategize to profit from the encroaching property market. At the rural fringe, township leaders become brokers of power and property between the state bureaucracy and villages, while large numbers of peasants are dispossessed, dispersed, and deterritorialized; their mobilizational capacity is consequently undermined.
Red Capitalism Walter, Carl; Howie, Fraser
2012, 2012-07-31
eBook
The truth behind the rise of China and whether or not it will be able to maintain itHow did China transform itself so quickly? In Red Capitalism: The Fragile Financial Foundation of China's ...Extraordinary Rise, Revised EditionCarl Walter and Fraser Howie go deep inside the Chinese financial machine to illuminate the social and political consequences of the unique business model that propelled China to economic powerhouse status, and question whether this rapid ascension really lives up to its reputation.All eyes are on China, but will it really surpass the U.S. as the world's premier global economy? Walter and Howie aren't so certain, and in this revised and updated edition of Red Capitalismthey examine whether or not the 21st century really will belong to China.The specter of a powerful China is haunting the U.S. and other countries suffering from economic decline and this book explores China's next movePacked with new statistics and stories based on recent developments, this new edition updates the outlook on China's future with the most cutting-edge information availableFind out how China financed its current position of strength and whether it will be able to maintain its astonishing momentumIndispensable reading for anyone looking to understand the limits that China's past development decisions have imposed on its brilliant future, Red Capitalismis an essential resource for anyone considering China's business strategies in today's extremely challenging global economy.
During the past 30 years, China has undergone extensive economic reform, replacing the government’s administration of enterprises with increasing levels of market-oriented enterprise autonomy. At the ...heart of the reform are changes in the employment relationship, where state control has been superceded by market relationships. These reforms have had far-reaching implications for many aspects of everyday life in Chinese society. This book appraises the impact of the economic reforms on the employment relationship and, in turn, examines the effects on individual workers and their families, including salaries, working conditions and satisfaction, job security and disparities based on location, gender, age, skill, position and migrant status. In particular, it focuses on how changes in the employment relationship have affected the livelihood strategies of households. It explores the changing human resource management practices and employment relations in different types of enterprises: including State-Owned Enterprises, Foreign-Owned Enterprises and Domestic Private Enterprises; throughout different industries, focusing especially on textiles, clothing and footwear and the electronics industry; and in different regions and cities within China (Beijing, Haerbin, Lanzhou, Hangzhou, Wuhan and Kunming). Overall, this book provides a detailed account of the everyday implications of economic reform for individuals and families in China.
1. Introduction 2. Economic reform and its industrial and social impact 3. Management, workers and conditions of employment 4. Worker representation and emerging roles for trade unions 5. Enterprise performance and intangible management 6. Market-oriented economic reform and the quality of working life 7. Work, households and livelihoods 8. Economic reform and its impact on management, enterprises and workers
"It covers an interesting range of topics within and outside the realm of economics as such, such the impact on managers and workers, as well as on human resource management and trade unions, amongst others....The work is clearly-written, will have somewhat wider readership on campus and is one might say appropriate for both an undergraduate and postgraduate audience, even possibly of some potential appeal to MBA students." – Malcolm Warner, Asia Pacific Business Review, 2010
"This book is a welcome addition to the macro-economic studies of China’s 30 years of economic reform. It sets out to illustrate how economic reform has driven changes in management systems and employment relations and how such changes have influenced the performance of enterprises, worker satisfaction and workers’ households and livelihoods. The detailed survey data and statistical analysis mean the book achieves this goal in great detail... As it stands, the work will largely be of interest to comparative scholars of human resource management and employment relations and to comparative economists interested in a closer appraisal of China’s market-oriented economic reforms." - Jason Young, Victoria University of Wellington; New Zealand Journal of Asian Studies, 13.1 (June 2011)
Ying Zhu is Associate Professor in the Department of Management and Marketing, University of Melbourne, Australia. He is the co-editor of Trade Unions in Asia ; Unemployment in Asia ; and Management in Transitional Economies: From the Berlin Wall to the Great Wall of China (both published by Routledge). Michael Webber is Professorial Fellow in the School of Resource Management and Geography, University of Melbourne, Australia. He is the co-editor of China’s transition to a global economy and co-author of Global Restructuring: the Australian Experience . John Benson is Professor and Head of the School of Management at the University of South Australia. His most recent publications include (as co-editor) Unemployment in Asia ; Asian Business: Women and Management ; and Trade Unions in Asia (both published by Routledge).
Choice Outstanding Academic Title 2009!
In its quarter-century-long shift from communism to capitalism, China has transformed itself from a desperately poor nation into a country with one of the ...fastest-growing and largest economies in the world. Doug Guthrie examines the reforms driving the economic genesis in this compact and highly readable introduction to contemporary China. He highlights the social, cultural and political factors fostering this revolutionary change and interweaves a broad structural analysis with a consideration of social changes at the micro and macro levels.
In this new, revised edition author Guthrie updates his story on modern China and provides the latest authoritative data and examples from current events to chart where this dynamically changing society is headed and what the likely consequences for the rest of the world will be.
China's stunning growth rates have corresponded with the rise of 'state capitalism'. Since the mid-2000s, China's political economy has stabilized around a model where most sectors are marketized and ...increasingly integrated with the global economy; yet strategic industries remain firmly in the grasp of an elite empire of state-owned enterprises. What are the implications of state capitalism for industrial competitiveness, corporate governance, government-business relations, and domestic welfare? How does China's model of state capitalism compare with other examples of state-directed development in late industrializing countries? As China enters a phase of more modest growth, it is especially timely to understand how its institutions have adapted to new challenges and party-state priorities. In this volume, leading scholars of China's economy, politics, history, and society explore these compelling issues.
This book tells the full inside story of the Bush Administration and the Israeli-Palestinian conflict. Written by a top National Security Council officer who worked at the White House with Bush, ...Cheney, and Rice and attended dozens of meetings with figures like Sharon, Mubarak, the kings of Jordan and Saudi Arabia, and Palestinian leaders, it brings the reader inside the White House and the palaces of Middle Eastern officials. How did 9/11 change American policy toward Arafat and Sharon's tough efforts against the Second Intifada? What influence did the Saudis have on President Bush? Did the American approach change when Arafat died? How did Sharon decide to get out of Gaza, and why did the peace negotiations fail? In the first book by an administration official to focus on Bush and the Middle East, Elliott Abrams brings the story of Bush, the Israelis, and the Palestinians to life.
A trusted economic commentator provides a penetrating account of the threats to China's continued economic riseUnder President Xi Jinping, China has become a large and confident power both at home ...and abroad, but the country also faces serious challenges. In this critical take on China's future, economist George Magnus explores four key traps that China must confront and overcome in order to thrive: debt, middle income, the Renminbi, and an aging population. Looking at the political direction President Xi Jinping is taking, Magnus argues that Xi's authoritarian and repressive philosophy is ultimately not compatible with the country's economic aspirations.Thorough and well researched, the book also investigates the potential for conflicts over trade, China's evolving relationship with Trump, and the country's attempt to win influence and control in Eurasia through the Belt and Road initiative.
An authority on Asia and globalization identifies the
challenges China's growing power poses and how it must be
confronted When China joined the World Trade Organization
in 2001, most experts ...expected the WTO rules and procedures would
liberalize China and make it "a responsible stakeholder in the
liberal world order." But the experts made the wrong bet. China
today is liberalizing neither economically nor politically but, if
anything, becoming more authoritarian and mercantilist. In this
book, notably free of partisan posturing and inflammatory rhetoric,
renowned globalization and Asia expert Clyde Prestowitz describes
the key challenges posed by China and the strategies America and
the Free World must adopt to meet them. He argues that these must
be more sophisticated and more comprehensive than a narrowly
targeted trade war. Rather, he urges strategies that the U.S. and
its allies can use unilaterally without contravening international
or domestic law.
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