BibTex RIS Cite

From Engagement to Contention: China in the Global Political Economy

Year 2013, Volume: 18 Issue: 1, 129 - 153, 01.05.2013

Abstract

China’s re-engagement with the global political economy and its unprecedented ascendance as a major economic powerhouse since the mid-1990s has shaken the global community and triggered a radical re-evaluation concerning China’s importance for the future of the world economy and global governance. There has emerged a large amount of optimistic literature portraying China as the principal engine of growth in the world economy in the wake of the global economic crisis, along with parallel and more pessimistic literature on the Chinese administration’s supposed sinister geostrategic “intensions” based on its anti-Western inclinations. This study argues that both these strands of writing in economics, development studies, political science and international relations literatures need to be treated with great caution as they tend to exaggerate the positive and negative aspects of China’s systemtransforming capacity. Although China has become a crucial actor in the areas of global trade, finance and production, its current growth capacity is based on deep interdependence with Western interests and multinational corporations. Also, widespread fears of China as a potential source of challenge against global governance structures are premature as China is dealing with deep-stated internal problems

References

  • World Trade Organization, Country Profiles, at www.wto.org [last visited 20 February 2013].
  • Robert Zoellick and J. Lin, “Recovery Rides on the G-2”, Washington Post, 6 March 2009.
  • Reuven Glick and Michael Hutchison, “Navigating the Trilemma: Capital Flows and Monetary Policy in China”, Federal Reserve Bank of San Francisco Working Paper- No. 32, San Francisco, Federal Reserve Bank of San Francisco, 2008, p. 9.
  • Suisheng Zhao, “The China Model: Can it Replace the Western Model of Modernization?”, Journal of Contemporary China, Vol. 19, No. 65 (June 2010), p. 425.
  • Alastair Johnston, “Is China a Status Quo Power?”, International Security, Vol. 27, No. 4 (Spring 2003), p. 25; Barry Buzan, “China in International Society: Is ‘Peaceful Rise’ Possible?”, Chinese Journal of International Politics, Vol. 3, No. 1 (2010), p. 23.
  • Benjamin Fordham and Katja Kleinberg, “International Trade and US Relations with China”, Foreign Policy Analysis, Vol. 7, No. 3 (July 2011), p. 223.
  • Gregory Chin and Eric Helleiner, “China as a Creditor: A Rising Financial Power?”, Journal of International Affairs, Vol. 62, No. 1 (Fall/Winter 2008), p. 92.
  • Ian Taylor, China’s New Role in Africa, Boulder, CO, Lynne Rienner, 2009.
  • Jeffrey Henderson and Khalid Nadvi, “Greater China, the Challenges of Global Production Networks and the Dynamics of Transformation”, Global Networks, Vol. 11, No. 3 (July 2011), p. 289.
  • Kamaljit Bawa, et. al., “China, India and the Environment”, Science, Vol. 327, No. 5972 (19 March 2010), pp. 1457-1459.
  • Zhao, “The China Model”, pp. 419-436.
  • Oliver Turner, “China’s Recovery: Why the Writing was Always on the Wall”, The Political Quarterly, Vol. 80, No. 1 (January-March 2009), p. 115; Wolfgang Keller, Ben Li and Carol Shiue, “China’s Foreign Trade: Perspectives From the Past 150 Years”, NBER Working Paper, No. 16550, Cambridge, MA, NBER, 2010.
  • Robert Kaplan, “How We Would Fight China”, The Atlantic, (June 2005), pp. 1-12.
  • John Mearsheimer, “China’s Unpeaceful Rise”, Current History, Vol. 105, No. 690 (April 2006), pp. 160-162.
  • Michael Mandelbaum, The Frugal Superpower: America’s Global Leadership in a Cash-Strapped Era, New York, Public Affairs, 2010.
  • Bill Gertz, The China Threat: How the People’s Republic Targets America, Washington DC, Regnery Publishing, 2002.
  • Richard Bernstein and Ross Munro, “The Coming Conflict with America”, Foreign Affairs, Vol. 76, No. 2 (March/ April 1997), pp. 18-32.
  • Shogo Suzuki, “Chinese Soft Power, Insecurity Studies, Myopia and Fantasy”, Third World Quarterly, Vol. 30, No. 4 (May 2009), pp. 779-793.
  • Scott Kennedy, “The Myth of the Beijing Consensus”, Journal of Contemporary China, Vol. 19, No. 65 (June 2010), pp. 461-477.
  • Chang-Fa Lo, “Values to be Added to an ‘Eastphalia Order’ by the Emerging China”, Indiana Journal of Global Legal Studies, Vol. 17, No. 1 (2010), pp. 13-26.
  • Yongjin Zhang, “China’s Entry into International Society: Beyond the Standard of Civilization”, Review of International Studies, Vol. 17, No. 1 (January 1991), pp. 3-16.
  • Peilin Li, “China’s New Stage of Development”, China: An International Journal, Vol. 9, No. 1 (March 2011), pp. 133-143; Andong Zhu and David Kotz, “The Dependence of China’s Economic Growth on Exports and Investment”, Review of Radical Political Economics, Vol. 43, No. 1 (March 2011), p. 11.
  • Chiara Piovani and Minqi Li, “One Hundred Millions Jobs for the Chinese Workers: Why China’s Current Model of Development is Unsustainable and How a Progressive Economic Program Can Help the Chinese Worker, the Chinese Economy, and China’s Environment”, Review of Radical Political Economics, Vol. 43, No. 1 (March 2011), pp. 77-94.
  • Shaun Breslin, “The Soft Notion of China’s Soft Power”, Asia Program Paper, ASP PP 2011/03, Chatham House, London, February 2011.
  • Ian Bremmer, “Superpower on a Shoestring”, Survival, Vol. 53, No. 3 (June- July 2011), pp. 151-158.
  • Pankaj Mishra “After 9/11: Our Own Low, Dishonest Decade”, The Guardian, Review Section, No. 3, September 2011.
  • Amrita Narlikar, New Powers: How to Become one and How to Manage Them, London, Hirst and Company, 2010.
  • Wei Liang, “China: Globalization and the Emergence of a New Status quo Power?”, Asian Perspective, Vol. 31, No. 4 (2007), pp. 148.
  • Chin Leng Lim and Jiang Yu Wang, “China and the Doha Development Agenda”, Journal of World Trade, Vol. 44, No. 6 (2010), p. 1309.
  • Zhu and Kotz, “The Dependence of China’s Economic Growth on Exports and Investment”, p. 17; Dic Lo and Yu Zhang, “Making Sense of China’s Economic Transformation”, Review of Radical Political Economics, Vol. 43, No. 1 (March 2011), p. 45.
  • Shaoguang Wang, “The Social and Political Implications of China’s WTO Membership”, Journal of Contemporary China, Vol. 9, No. 25 (2000), p. 375.
  • Yasheng Huang, Capitalism with Chinese Characteristics: Entrepreneurship and the State, Cambridge, Cambridge University Press, 2008, pp. 109-110.
  • Zhu and Kotz, “The Dependence of China’s Economic Growth on Exports and Investment”, p. 20.
  • Huang, Capitalism with Chinese Characteristics, p. 112.
  • Zhu and Kotz, “The Dependence of China’s Economic Growth on Exports and Investment”, p. 23.
  • Li, “China’s New Stage of Development”, pp. 137-138. 37 Ibid., p. 135.
  • Huang, Capitalism with Chinese Characteristics, p. 256.
  • Ibid., pp. 244-245.
  • Dorothy Solinger, “Chinese Urban Jobs and the WTO”, The China Journal, No. 49 (January 2003), pp. 61-87; Wang, “The Social and Political Implications of China’s WTO Membership”, pp. 373-405.
  • Yongdin Yuu, “China’s Macroeconomic Situation and Future Prospect”, World Economy and China, Vol. 3 and 4, (1999), p. 15.
  • Sunanda Sen, “China in the Global Economy”, Levy Economics Institute Working Paper, No. 642 (December 2010), p. 19.
  • Thiery Pairault, “Foreign Investment in China”, Mimeo, 2009.
  • Shaukat Ali and Guo Wei, “Determinants of FDI in China”, Journal of Global Business and Technology, Vol. 1, No. 2 (Fall 2005), pp. 1-13.
  • Sen, “China in the Global Economy”, p. 4.
  • World Trade Organization, “Country Profile: China”, at http://stat.wto.org/CountryProfile/ WSDBCountryPFView.aspx?Language=E&Country=CN [last visited 20 February 2013]. 47 Ibid.
  • Guy de Jonquières, “China and the Global Economic Crisis”, European Centre for International Political Economy Policy Briefs, No. 2 (2009).
Year 2013, Volume: 18 Issue: 1, 129 - 153, 01.05.2013

Abstract

References

  • World Trade Organization, Country Profiles, at www.wto.org [last visited 20 February 2013].
  • Robert Zoellick and J. Lin, “Recovery Rides on the G-2”, Washington Post, 6 March 2009.
  • Reuven Glick and Michael Hutchison, “Navigating the Trilemma: Capital Flows and Monetary Policy in China”, Federal Reserve Bank of San Francisco Working Paper- No. 32, San Francisco, Federal Reserve Bank of San Francisco, 2008, p. 9.
  • Suisheng Zhao, “The China Model: Can it Replace the Western Model of Modernization?”, Journal of Contemporary China, Vol. 19, No. 65 (June 2010), p. 425.
  • Alastair Johnston, “Is China a Status Quo Power?”, International Security, Vol. 27, No. 4 (Spring 2003), p. 25; Barry Buzan, “China in International Society: Is ‘Peaceful Rise’ Possible?”, Chinese Journal of International Politics, Vol. 3, No. 1 (2010), p. 23.
  • Benjamin Fordham and Katja Kleinberg, “International Trade and US Relations with China”, Foreign Policy Analysis, Vol. 7, No. 3 (July 2011), p. 223.
  • Gregory Chin and Eric Helleiner, “China as a Creditor: A Rising Financial Power?”, Journal of International Affairs, Vol. 62, No. 1 (Fall/Winter 2008), p. 92.
  • Ian Taylor, China’s New Role in Africa, Boulder, CO, Lynne Rienner, 2009.
  • Jeffrey Henderson and Khalid Nadvi, “Greater China, the Challenges of Global Production Networks and the Dynamics of Transformation”, Global Networks, Vol. 11, No. 3 (July 2011), p. 289.
  • Kamaljit Bawa, et. al., “China, India and the Environment”, Science, Vol. 327, No. 5972 (19 March 2010), pp. 1457-1459.
  • Zhao, “The China Model”, pp. 419-436.
  • Oliver Turner, “China’s Recovery: Why the Writing was Always on the Wall”, The Political Quarterly, Vol. 80, No. 1 (January-March 2009), p. 115; Wolfgang Keller, Ben Li and Carol Shiue, “China’s Foreign Trade: Perspectives From the Past 150 Years”, NBER Working Paper, No. 16550, Cambridge, MA, NBER, 2010.
  • Robert Kaplan, “How We Would Fight China”, The Atlantic, (June 2005), pp. 1-12.
  • John Mearsheimer, “China’s Unpeaceful Rise”, Current History, Vol. 105, No. 690 (April 2006), pp. 160-162.
  • Michael Mandelbaum, The Frugal Superpower: America’s Global Leadership in a Cash-Strapped Era, New York, Public Affairs, 2010.
  • Bill Gertz, The China Threat: How the People’s Republic Targets America, Washington DC, Regnery Publishing, 2002.
  • Richard Bernstein and Ross Munro, “The Coming Conflict with America”, Foreign Affairs, Vol. 76, No. 2 (March/ April 1997), pp. 18-32.
  • Shogo Suzuki, “Chinese Soft Power, Insecurity Studies, Myopia and Fantasy”, Third World Quarterly, Vol. 30, No. 4 (May 2009), pp. 779-793.
  • Scott Kennedy, “The Myth of the Beijing Consensus”, Journal of Contemporary China, Vol. 19, No. 65 (June 2010), pp. 461-477.
  • Chang-Fa Lo, “Values to be Added to an ‘Eastphalia Order’ by the Emerging China”, Indiana Journal of Global Legal Studies, Vol. 17, No. 1 (2010), pp. 13-26.
  • Yongjin Zhang, “China’s Entry into International Society: Beyond the Standard of Civilization”, Review of International Studies, Vol. 17, No. 1 (January 1991), pp. 3-16.
  • Peilin Li, “China’s New Stage of Development”, China: An International Journal, Vol. 9, No. 1 (March 2011), pp. 133-143; Andong Zhu and David Kotz, “The Dependence of China’s Economic Growth on Exports and Investment”, Review of Radical Political Economics, Vol. 43, No. 1 (March 2011), p. 11.
  • Chiara Piovani and Minqi Li, “One Hundred Millions Jobs for the Chinese Workers: Why China’s Current Model of Development is Unsustainable and How a Progressive Economic Program Can Help the Chinese Worker, the Chinese Economy, and China’s Environment”, Review of Radical Political Economics, Vol. 43, No. 1 (March 2011), pp. 77-94.
  • Shaun Breslin, “The Soft Notion of China’s Soft Power”, Asia Program Paper, ASP PP 2011/03, Chatham House, London, February 2011.
  • Ian Bremmer, “Superpower on a Shoestring”, Survival, Vol. 53, No. 3 (June- July 2011), pp. 151-158.
  • Pankaj Mishra “After 9/11: Our Own Low, Dishonest Decade”, The Guardian, Review Section, No. 3, September 2011.
  • Amrita Narlikar, New Powers: How to Become one and How to Manage Them, London, Hirst and Company, 2010.
  • Wei Liang, “China: Globalization and the Emergence of a New Status quo Power?”, Asian Perspective, Vol. 31, No. 4 (2007), pp. 148.
  • Chin Leng Lim and Jiang Yu Wang, “China and the Doha Development Agenda”, Journal of World Trade, Vol. 44, No. 6 (2010), p. 1309.
  • Zhu and Kotz, “The Dependence of China’s Economic Growth on Exports and Investment”, p. 17; Dic Lo and Yu Zhang, “Making Sense of China’s Economic Transformation”, Review of Radical Political Economics, Vol. 43, No. 1 (March 2011), p. 45.
  • Shaoguang Wang, “The Social and Political Implications of China’s WTO Membership”, Journal of Contemporary China, Vol. 9, No. 25 (2000), p. 375.
  • Yasheng Huang, Capitalism with Chinese Characteristics: Entrepreneurship and the State, Cambridge, Cambridge University Press, 2008, pp. 109-110.
  • Zhu and Kotz, “The Dependence of China’s Economic Growth on Exports and Investment”, p. 20.
  • Huang, Capitalism with Chinese Characteristics, p. 112.
  • Zhu and Kotz, “The Dependence of China’s Economic Growth on Exports and Investment”, p. 23.
  • Li, “China’s New Stage of Development”, pp. 137-138. 37 Ibid., p. 135.
  • Huang, Capitalism with Chinese Characteristics, p. 256.
  • Ibid., pp. 244-245.
  • Dorothy Solinger, “Chinese Urban Jobs and the WTO”, The China Journal, No. 49 (January 2003), pp. 61-87; Wang, “The Social and Political Implications of China’s WTO Membership”, pp. 373-405.
  • Yongdin Yuu, “China’s Macroeconomic Situation and Future Prospect”, World Economy and China, Vol. 3 and 4, (1999), p. 15.
  • Sunanda Sen, “China in the Global Economy”, Levy Economics Institute Working Paper, No. 642 (December 2010), p. 19.
  • Thiery Pairault, “Foreign Investment in China”, Mimeo, 2009.
  • Shaukat Ali and Guo Wei, “Determinants of FDI in China”, Journal of Global Business and Technology, Vol. 1, No. 2 (Fall 2005), pp. 1-13.
  • Sen, “China in the Global Economy”, p. 4.
  • World Trade Organization, “Country Profile: China”, at http://stat.wto.org/CountryProfile/ WSDBCountryPFView.aspx?Language=E&Country=CN [last visited 20 February 2013]. 47 Ibid.
  • Guy de Jonquières, “China and the Global Economic Crisis”, European Centre for International Political Economy Policy Briefs, No. 2 (2009).
There are 46 citations in total.

Details

Primary Language English
Journal Section Articles
Authors

Sadık Ünay This is me

Publication Date May 1, 2013
Published in Issue Year 2013 Volume: 18 Issue: 1

Cite

APA Ünay, S. (2013). From Engagement to Contention: China in the Global Political Economy. PERCEPTIONS: Journal of International Affairs, 18(1), 129-153.
AMA Ünay S. From Engagement to Contention: China in the Global Political Economy. PERCEPTIONS. May 2013;18(1):129-153.
Chicago Ünay, Sadık. “From Engagement to Contention: China in the Global Political Economy”. PERCEPTIONS: Journal of International Affairs 18, no. 1 (May 2013): 129-53.
EndNote Ünay S (May 1, 2013) From Engagement to Contention: China in the Global Political Economy. PERCEPTIONS: Journal of International Affairs 18 1 129–153.
IEEE S. Ünay, “From Engagement to Contention: China in the Global Political Economy”, PERCEPTIONS, vol. 18, no. 1, pp. 129–153, 2013.
ISNAD Ünay, Sadık. “From Engagement to Contention: China in the Global Political Economy”. PERCEPTIONS: Journal of International Affairs 18/1 (May 2013), 129-153.
JAMA Ünay S. From Engagement to Contention: China in the Global Political Economy. PERCEPTIONS. 2013;18:129–153.
MLA Ünay, Sadık. “From Engagement to Contention: China in the Global Political Economy”. PERCEPTIONS: Journal of International Affairs, vol. 18, no. 1, 2013, pp. 129-53.
Vancouver Ünay S. From Engagement to Contention: China in the Global Political Economy. PERCEPTIONS. 2013;18(1):129-53.