Paradoxes of prosperity in China's new capitalism

Journal article | Zeitschriftenartikel

"This article gives a broad characterization of China's political economy, as well as specific aspects of its socio-economic instabilities. With a focus on China's export-oriented industry sectors, concepts from comparative and international political economy are applied to show how the Chinese economy can be understood as a variegated form of state-permeated capitalism that at the same time is deeply integrated into world economic processes. The article goes on to portray the socio-economic dynamics, as well as the instabilities of China's new capitalism, that are at the root of the state leadership's attempts to turn away from a one-sided model of export and investment-driven growth. Thereby, a number of obstacles are revealed for the 'rebalancing' of the economy: a continued dependence on exports, a lack of domestic consumer demand which impedes a significant 'social' upgrading, the ongoing low-wage model for which there is no end in sight, the limits of the state's steering capacity and the weaknesses of its fragmented, competition-driven structure." (author's abstract)

Object Details

• Alternative title: Paradoxa der Prosperität in Chinas neuem Kapitalismus
• ISSN: 1868-4874
• Extent: Seite(n): 17-44
• Language: Englisch
• Notes: Status: Veröffentlichungsversion; begutachtet (peer reviewed)

References and Relationships

• Bibliographic citation: Journal of Current Chinese Affairs, 42(4)

Classification and Topics

• Subject: Wirtschaft ; Soziologie, Anthropologie ; Wirtschaftssoziologie ; Volkswirtschaftstheorie ; historische Entwicklung ; Kapitalismus ; Globalisierung ; Konsum ; China ; Asien ; Weltwirtschaft ; Rollenbild ; sozioökonomische Entwicklung ; Wohlstand ; Ostasien ; Modell ; Entwicklungsland ; Stabilität ; Export ; empirisch ; empirisch-quantitativ ; deskriptive Studie ; Theorieanwendung

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): ten Brink, Tobias
• Event: Veröffentlichung
• (where): Deutschland
• (when): 2013

Further information

• URN: urn:nbn:de:gbv:18-4-6915
• Last update: 21.06.2024, 4:27 PM CEST