
The Rise of China
Description
This book provides unique insight into the economic system, structures, and policies that define modern China and its position within the changing global economy. It charts China's rise from poor developing country to major power within the global economic system and international politics. The drivers of this change, including the specific nature of the Chinese economy and governance, are discussed to highlight the processes and socio-economic initiatives that have helped China become a global superpower. The book examines in detail all major areas of societal development and policy-making, including the different social fields and everyday behavior, as well as regional, urban, ethnic, cultural, and ecological developments. Particular focus is given to technology, industrial and economic policies, income distribution, and the Belt and Road Initiative.
This book offers a thoughtful guide to how China has evolved from a centrally planned economy towards state-guided growth with a socialist tendency that makes highly effective use of markets. It will be relevant to students and researchers interested in the political economy and the role of China within the global economy.
Reviews / Votes
"The peaceful rising of the People's Republic of China is one of the greatest events in the 21st century. Professor Wolfram Elsner is a pioneer in studies of China's development and his books on China are a bridge between the West and the East." (Prof. Ping Chen, National School of Development, Peking University, China, and Research Fellow, China Institute, Fudan University, China)
"This book offers a very honest and extensive analysis of China and its spectacular rise during the recent decades. It debunks convincingly the myths and hypocritical accusations of the collective West through a meticulous presentation of evidence and data. Moreover, it does not shy away from addressing the intricate questions that concern the specific characteristics, mechanisms and contradictions of the Chinese economy and society in relation to the process of socialist transition. It stands above the many contemporary publications regarding China, its society, economy and geopolitical role, because of its wealth of references and data." (Prof. Stavros Mavroudeas, Department of Social Policy, Panteion University, Greece)
"Amid the international media being saturated with ideological biases and theories like "China's Growth Peaked" and "China's Economy Collapsing" running rampant, the English edition of
The Rise of China
can be regarded as a rare breath of fresh air. With an objective lens, this book examines China's achievements and existing challenges, offering us a brand-new dimension for observation." (Prof. Justin Yifu Lin, Dean of the Institute of New Structural Economics, Honorary Dean of the National School of Development, and Honorary Dean of the Institute of South-South Cooperation and Development, Peking University, China)
"Rather than posing as an expert from afar, over a sequence of years Professor Wolfram Elsner has visited China annually, integrating himself into the scientific and academic scene. To date he has authored three books dealing with China's promising prospects for economic and social development. This new title from Palgrave-Macmillan registers as the first of his three books." (Prof. John B. Hall, Department of Economics, Portland State University, USA)
"The book comprehensively explicates an early argument by John K. Galbraith that "(t)he Chinese economy isn't the American or European future. But it is the Chinese future. And let there be no doubt: For the Chinese, it works." (Galbraith [1973] 1989, 137) On top of this, the various pieces of evidence and arguments presented by the author are highly inspiring, encouraging readers to reflect on the lessons that can be learned from China's development process, even though its system is not perfect and cannot be directly replicated in other countries - just as no system in the world can be." (Prof. Ricardo Siu, Department of Finance and Business Economics, Faculty of Business Administration, University of Macau, China)
"As few in the advanced industrial world have anything but a passing familiarity with ancient civilizations, and less with civilizations that are not deemed direct antecedents of their own, the book pays particular attention to such important factors as history, culture, institutions and political economy, which contributed greatly to the country's astonishing economic rise. This is social science presented as an especially penetrating and insightful way that clarifies and confronts important theoretical and policy issues in an international environment so negatively affected by geopolitics." (Prof. Nikolaos Karagiannis, Winston-Salem State University, USA)
"
The Rise of China
is an excellent and highly significant book. It introduces, in a didactic and elegant manner, how Chinese society evolved from a poor country into one of the great economies of the twenty-first century. The authors clearly state the perspective they adopt to analyze the Chinese economy, which makes the discussion coherent and well-articulated.
The Rise of China
is essential reading for anyone interested in understanding the evolution of the Chinese economy." (Prof. Felipe Almeida, Department of Economics, Federal University of ParanĂ¡, Brazil)
More details
Persons
Wolfram Elsner is a retired Professor of Economics at the University of Bremen, Germany, and a Guest Professor at the School of Economics, Jilin University, China.
Elyar Najmehchi holds an MA in Economy and Society of East Asia from the University of Vienna, Austria.
Content
1. Introduction: Me, China, and the Chinese.- Part I: Learning to comprehend China ... or a hybrid warfare .- 2. What strikes a China traveler ....- 3. Turning tides in the West: From willingness to learn toward fear, envy, and bashing - and back again?.- 4. Learning to comprehend China means comprehending ourselves.- Part II: From a poor developing country to a leading nation. Structures and processes of social and economic success and robustness .- 5. "A Planned Economy? Oh gosh!" Yes, but different: Where plans are not just election-campaign fakes - The 14th Five-Year Plan (2021-2025): Grand development objectives and mobilizations, the 15th FYP and long-range planning toward 2035, governance reforms and "China Experimentation".- 6. "Economy, Finance, and Money? A state-subsidized economy!" Also different: Economy and finance, technology and skills, the deep structure of robust development - Agile industrial policy, banking, regulation and deregulation, state and "market", cracking down on Big-Tech, real-estate, and finance oligopolies.- 7. "State Ownership? Help!" But different from what you expect: Agile state firms, diverse ownership forms and business models, entrepreneurship and start-ups, and a sharing economy.- 8. "Distribution? Only poor wretches and billionaires!" Income growth and downward redistribution: Poverty elimination, wage increases, tax cuts, purchasing power, and inclusion - A middle-income nation emerging, and pressure on oligopolies and billionaires.- 9. "Labor? Slave work!" Labor and social dynamics: Labor rights and worker activity, social security and health care, migrant workers and "Hukou", social mobilization, women's emancipation, and population policy.- 10. "Places and Housing? Poor villages and monster cities!" Rural catch-up and regional convergence, new cooperation regions, green and livable mega-cities, new forests around new skyscrapers, the network of green cities, accessible public services, local participation and self-governance.- 11. "Ecology? Biggest polluter!" From the dependent work bench of the West to ecological world-champion - Renewable-energy networks, intelligent grids and batteries, new-energy mobility, new forests, reversing desertification, and the "Ant Forest" app, ahead of 2035 goals, improving air and climate for the world, towards an eco-civilization.- 12. "Democracy? Dictatorship!" Anti-corruption, rule of law, privacy protection, and "Credible China" - Internet and everyday behavior.- 13. "A Multiethnic Country? Concentration camps, police state, genocide!" China's nationalities and minorities, self-governed, multicultural, and multi-religious: Free traveling through Tibet or Xinjiang - and the political struggles within and around Taiwan and Hong Kong.- 14. "Peaceful Coexistence, New Diplomacy, and New Silk Roads? New Imperialism!" The other globalization: South-South cooperation in the UN, Shanghai Cooperation Organization+, BRICS+, New Silk Road/BRI, Africa and Latin America, South China Sea and West Pacific military buildup, foreign trade and investment - and a new immigration wave.- Part III: "It's the system, stupid!" Many Construction Sites, Many Building Blocks, Toward Another Future: The "Mosaic" and "System" .- 15. What Kind of System? "Communism"? "Turbo Capitalism"? "State Capitalism"? "Socialist Market Economy"? "Autocracy"? Or what? - Sorting out the conceptual and analytical confusion.- 16. "I Don't Know It; I Don't Need It!" - A new and significant kind of socialism for the 21st Century: Different from what we believe, different from anything we knew before, different from what we are told.- 17. Structural Problem Areas and Prospects of Chinese Development.