The Rise of China and the Demise of the Capitalist World-Economy
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.
- Hardback | 240 pages
- 135 x 215mm
- 28 Nov 2008
- PLUTO PRESS
- London, United Kingdom
- 35 figures
About Minqi Li
Minqi Li teaches economics at University of Utah and has also taught political science at York University, Canada. He is author of The Rise of China and the Demise of the Capitalist World-Economy (Pluto Press, 2008). He turned from an advocate of free market principles into a Marxist and was a political prisoner in China between 1990 and 1992.
[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
Table of contents
List Of Tables List Of Figures Preface: My 1989 1. An Introduction to China and the Capitalist World-Economy 2. Accumulation, Basic Needs, And Class Struggle: The Rise Of Modern China 3. China And The Neoliberal Global Economy 4. Can the Capitalist World-Economy Survive the Rise of China? 5. Profit And Accumulation: Systemic Cycles And Secular Trends 6. The End Of The Endless Accumulation 7. Between The Realm Of Necessity And The Realm Of Freedom: Historical Possibilities for The Twenty-First Century Bibliography Index