Abstract
China is rising. There seems to be little disagreement about this. With economic growth rates hovering around 10 percent per year for the past 30 years, an enormous demand for global resources, and an increasingly assertive foreign policy, China seems poised to become a major power in the twenty-first century. It is now common to hear politicians, pundits, and academics proclaiming that China will eventually become a peer rival to the United States. But how do we make sense of China’s rise—what does it really mean for China and for the world? Will China emerge within the existing global order, will it play by the existing rules and succeed? Or will China lead an “irresistible shift of global power to the east?” (Mahbubani 2008a) Does China’s rise reflect an impending “great transformation” that will lead to the articulation of alternative development and global governance models?
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Abugattas, Luis and Eva Paus. 2008. Policy Space for a Capability-Centered Development Strategy for Latin America. In The Political Economy of Hemispheric Integration. Responding to Globalization in the Americas, ed. Diego Sanchez-Ancochea and Kenneth C. Shadlen. New York and London: Palgrave Macmillan, 113–143.
Amsden, Alice. 2004. Import Substitution in High-Tech Industries: Prebish Lives in Asia! CEPAL Review 82: 75–89.
Burke, James and Gerald Epstein. 2007. Bargaining Power, Distributional Equity and the Challenges of Offshoring. In Global Capitalism Unbound. Winners and Losers from Offshore Outsourcing, ed. Eva Paus. New York and London: Palgrave Macmillan, 95–111.
Chang. Gordon G. 2001. The Coming Collapse of China. New York: Random House.
China Daily. 2004. Amendments to the Constitution. March 15. http://www.chinadaily.com.cn/english/dic/2004-03/15/content_314731.htm (accessed July 6, 2004).
Christensen, Thomas J. and Richard K. Betts. 2003. China: Getting the Questions Right. In China in the National Interest, ed. Owen Harries. Piscataway, NJ: Transaction.
Dussel Peters, Enrique. 2007a. La relación económica y comercial entre China y México: Propuestas para su profundización en el corto, mediano, y largo plazo.
En Oportunidades en la relación económical y social entre China y Mexico. Compilador. Enrique Dussel Peters. Mexico City: CEPAL, 165–228.
Dussel Peters, Enrique. 2007b. Oportunidades en la relación económica y social entre China y México. Mexico City: CEPAL.
Eckstein, Alexander. 1977. China’s Economic Revolution. Cambridge and New York: Cambridge University Press.
Feldstein, Martin. 2008. Resolving the Global Imbalance: The Dollar and the U.S. Saving Rate. Journal of Economic Perspectives 22(3): 113–125.
Freeman, Richard. 2007. The Challenge of the Growing Globalization of Labor Markets to Economic and Social Policy. In Global Capitalism Unbound. Winners and Losers from Offshore Outsourcing, ed. Eva Paus. New York and London: Palgrave Macmillan, 23–39.
Gallagher, Kevin, ed. 2005. Putting Development First. The Importance of Policy Space in the WTO and International Financial Institutions. London and New York: Zed Books.
Gallagher, Kevin, Juan Carlos Moreno-Brid, and Roberto Porzecanski. 2008. The Dynamism of Mexican Exports: Lost in (Chinese) Translation? World Development 36(8): 1365–1380.
Goldstein, Avery. 2005. Rising to the Challenge: China’s Grand Strategy and International Security. Palo Alto, CA: Stanford University Press.
Harries, Owen, ed. 2003. China in the National Interest. Piscataway, NJ: Transaction.
Ikenberry, G. John. 2008. The Rise of China and the Future of the West. Can the Liberal System Survive? Foreign Affairs 87(1): 23–27.
IMF (International Monetary Fund). 2007. Direction of Trade Statistics Yearbook 2007.
Jervis, Robert. 1976. Perception and Misperception in International Politics. Princeton, NJ: Princeton University Press.
Kaplinsky, Raphael, Dorothy McCormick, and Mike Morris. 2007. The Impact of China on Sub-Saharan Africa. Working Paper 291. University of Sussex: IDS (Institute for Development Studies).
Kimmitt, Robert. 2008. Public Footprints in Private Markets. Sovereign Wealth Funds and the World Economy. Foreign Affairs 87(1): 119–130.
Lardy, Nicholas R. 1992. Foreign Trade and Economic Reform in China, 1978–1990. Cambridge and New York: Cambridge University Press.
Lardy, Nicholas R. 2002. Integrating China into the Global Economy. Washington, DC: Brookings Institution Press.
Lunding, Andreas. 2006. “Global Champions in Waiting. Perspectives on China’s Overseas Direct Investment.” Deutsche Bank Research. August 4.
Mahbubani, Kishore. 2008a. The New Asian Hemisphere: The Irrisistible Shift of Global Power to the East. New York: Public Affairs (Perseus Books Group).
Mahbubani, Kishore. 2008b. The Case against the West. Foreign Affairs 87(3): 111–124.
Martin, Hans-Peter. 2007. The European Trap: Jobs on the Run, Democracy at Stake. In Global Capitalism Unbound. Winners and Losers from Offshore Outsourcing, ed. Eva Paus. New York and London: Palgrave Macmillan, 131–144.
Mearsheimer, John. 2001. The Tragedy of Great Power Politics. New York: W.W. Norton.
Menon, Rajan and S. Enders Wimbush. 2003. Asia in the 21st Century: Power Politics Alive and Well. In China in the National Interest, ed. Owen Harries. Piscataway, NJ: Transaction.
Naughton, Barry. 1996. Growing out of the Plan: Chinese Economic Reform, 1978–1993. Cambridge and New York: Cambridge University Press.
Ocampo, Jose Antonio and Maria Angela Parra. 2003. The Terms of Trade for Commodities in the Twentieth Century. CEPAL Review 79: 7–36.
Paus, Eva. 2004. Productivity Growth in Latin America. The Limits of Neoliberal Reforms. World Development 32(3): 427–445.
Paus, Eva. 2009. The Rise of China: Implications for Latin American Development. Development Policy Review. Forthcoming.
Pei, Minxin. 2006. China’s Trapped Transition: The Limits of Developmental Autocracy. Cambridge, MA: Harvard University Press.
Pomfret, John. 2008. A Long Wait at the Gate to Greatness. Washington Post July 27. http://www.washingtonpost.com/wp-dyn/content/article/2008/07/25/AR2008072502255.html (accessed July 30, 2008).
Prebish, Raul. 1950. Growth, Disequilibrium and Disparities: Interpretation of the Process of Economic Development. Economic Survey of Latin America 1949. E/CN.12/164/Rev.1.
Prime, Penelope B. 2002. China Joins the WTO: How, Why, and What Now? Business Economics April: 26–32.
Prime, Penelope B. 2004. Funding Economic Transition in China: The Privatization Option. Eurasian Geography and Economics 45(5): 382–394.
Riskin, Carl. 1987. China’s Political Economy: The Quest for Development since 1949. New York and Oxford: Oxford University Press.
Rodrik, Dani. 2001. The Global Governance of Trade As If Development Really Mattered. New York and Geneva: United Nations Development Programme.
Rodrik, Dani. 2007. One Economics. Many Recipes. Globalization, Institutions and Economic Growth. Princeton, NJ: Princeton University Press.
Shirk, Susan L. 1993. The Political Logic of Economic Reform in China. Berkeley: University of California Press.
Singer, Hans Werner. 1950. U.S. Foreign Investment in Underdeveloped Areas, the Distribution of Gains between Investing and Borrowing Countries. American Economic Review, Papers and Proceedings. No. 40.
Standing, Guy. 2007. Offshoring and Labor Recommodification in the Global Transformation. In Global Capitalism Unbound. Winners and Losers from Offshore Outsourcing, ed. Eva Paus. New York and London: Palgrave Macmillan, 41–60.
UNCTAD (United Nations Conference on Trade and Development). 2007. World Investment Report 2007. New York and Geneva: United Nations.
UNDP (United Nations Development Programme). 2007. Human Development Report 2007/2008: Fighting Climate Change: Human Solidarity in a Divided World. New York and Geneva: United Nations.
Yang, Dali. 2006. Remaking the Chinese Leviathan: Market Transition and the Politics of Governance in China. Palo Alto, CA: Stanford University Press.
Zhao, Zhonxiu, Xialing Huang, Dongya Ye, and Paul Gentle. 2007. China’s Industrial Policy in Relation to Electronics Manufacturing. China & World Economy 15(3): 33–51.
Zweig, David. 1997. Freeing China’s Farmers: Rural Restructuring in the Reform Era. Armonk, NY: M.E. Sharpe.
Editor information
Copyright information
© 2009 Eva Paus, Penelope B. Prime, and Jon Western
About this chapter
Cite this chapter
Paus, E., Prime, P.B., Western, J. (2009). China Rising: A Global Transformation?. In: Paus, E., Prime, P.B., Western, J. (eds) Global Giant. Palgrave Macmillan, New York. https://doi.org/10.1057/9780230622685_1
Download citation
DOI: https://doi.org/10.1057/9780230622685_1
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-0-230-61589-2
Online ISBN: 978-0-230-62268-5
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)