China and Globalization: The Social, Economic and Political by Doug Guthrie

By Doug Guthrie

Choice remarkable educational name 2009!

In its quarter-century-long shift from communism to capitalism, China has remodeled itself from a desperately terrible country right into a state with one of many fastest-growing and biggest economies on this planet. Doug Guthrie examines the reforms riding the industrial genesis during this compact and hugely readable creation to modern China. He highlights the social, cultural and political components fostering this progressive swap and interweaves a huge structural research with a attention of social alterations on the micro and macro levels.

In this new, revised version writer Guthrie updates his tale on glossy China and offers the most recent authoritative facts and examples from present occasions to chart the place this dynamically altering society is headed and what the most probably outcomes for the remainder of the realm will be.

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Additional resources for China and Globalization: The Social, Economic and Political Transformation of Chinese Society (Global Realities)

Sample text

With the passage of the Joint Venture Law in 1979, companies from around the world have flocked to China, enticed by the idea of a captive market of over a billion consumers, but many have been deeply troubled by the extent to which investment in China is a more complicated process than company executives anticipated. 9 Dun and Bradstreet’s logic was not unreasonable: in new markets, when individuals are given the autonomy to make economic decisions as they like, 16 China and Globalization they will seek the information upon which to make those decisions.

Yet, this is not a simple process, an inevitable outcome of the individual freedom that seems to come with a neoliberal economy. Rather, a very specific set of institutional changes set this process in motion at the beginning of the economic reforms. If we are to understand the prospects for democracy in China, we must understand the nature and causes of these institutional shifts. I conclude the book with Chapter 8’s discussion of China’s place in the global economy. As this massive nation lumbers toward the position of being one of the largest and most powerful economies in the world, it is absolutely essential that we understand the process of economic, political, and social reform there.

14 Nevertheless, despite the relative decentralization in China, giving autonomy over to localities was still a key factor that guided the economic reforms forward. Economic decentralization ushered in two forces that have been key to the economic reforms: (1) local officials, who were much closer to the economic strengths, opportunities, and necessities of their localities, would be given the autonomy to pursue various development strategies, and (2) this measure would introduce a level of competition among local officials vying for different economic opportunities.

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