The China boom : why China will not rule the world / Ho-Fung Hung.

Format:

Book

Author/Creator:

Hung, Ho-fung, author.

Series:

Contemporary Asia in the world.

Contemporary Asia in the World

Language:

English

Subjects (All):

Economic development--China--History.

Economic development.

Capitalism--China--History.

Capitalism.

China--Economic policy--1949-.

China.

China--Foreign economic relations.

China--Foreign relations--1949-.

China--Economic conditions--1949-.

China--Social conditions--1949-.

Physical Description:

1 online resource : illustrations (black and white), maps (black and white).

Place of Publication:

New York : Columbia University Press, 2016.

Language Note:

English

Summary:

Many thought China's rise would fundamentally remake the global order. Yet, much like other developing nations, the Chinese state now finds itself in a status quo characterized by free trade and American domination. Through a cutting-edge historical, sociological, and political analysis, Ho-fung Hung details the competing interests and economic realities that temper the dream of Chinese supremacy-forces that are stymieing growth throughout the global South. Hung focuses on four common misconceptions: that China could undermine orthodoxy by offering an alternative model of growth; that China is radically altering power relations between the East and the West; that China is capable of diminishing the global power of the United States; and that the Chinese economy would restore the world's wealth after the 2008 financial crisis. His work reveals how much China depends on the existing order and how the interests of the Chinese elites maintain these ties. Through its perpetuation of the dollar standard and its addiction to U.S. Treasury bonds, China remains bound to the terms of its own prosperity, and its economic practices of exploiting debt bubbles are destined to fail. Hung ultimately warns of a post miracle China that will grow increasingly assertive in attitude while remaining constrained in capability.

Contents:

Front matter

Contents

Illustrations and Tables

Preface

Chronology State Making and Capitalist Development in China

Introduction: Sinomania and Capitalism

Part one. Origins

One. A Market Without Capitalism

Two. Primitive Accumulation

Three. The Capitalist Boom

Part two. Global Effects, Coming Demise

Four. Rise of the Rest

Five. A Post-American World?

Six. Global Crisis

Conclusion. After the Boom

Notes

References

Index

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references and index.

Description based on print version record.

ISBN:

9780231540223

0231540221

OCLC:

956138311