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Synopsis
China's increasing power in the global economy is destabilizing the established system. This book analyses the possible historical trajectories of China and the capitalist world-economy in the twenty-first century. Minqi Li examines the future global prospects from the perspectives of Marxism, world-system theories, and ecological limits to growth. He argues that China is likely to exacerbate many of the major contradictions of world capitalism, which could lead to the demise of the existing world-system. This is an essential text for students of political economy, economics and global politics.
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Product Description
Examines the prospects for the world economic order as China rises to superpower status.
Review
[The author] has placed the 'rise of China' from the Mao era to today in the context of the history of the entire world-system. He makes a persuasive case that the very success of capitalist methods in China has so overloaded the capacities for accumulation of the world-system as a whole that this rise has become a major factor in the coming demise of the world capitalist system. (Immanuel Wallerstein)
A thought-provoking account of human economic and social evolution. Minqi Li considers the consequences of the entry of China into the global capitalist system ... This book makes a major contribution to the debate over how human society can surmount these challenges while continuing to make social progress. (David M. Kotz, Professor of Economics at the University of Massachusetts Amherst)
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- PublisherPluto Press
- Publication date2008
- ISBN 10 0745327729
- ISBN 13 9780745327723
- BindingPaperback
- Number of pages232
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