China and the Transformation of Global Capitalism

China and the Transformation of Global Capitalism
edited by Ho-fung Hung
Johns Hopkins University Press

With one of the world's fastest-growing economies and a population quickly approaching two billion, China holds substantial sway over global financial, social, and cultural networks. This volume explains China's economic rise and liberalization and assesses how this growth is reshaping the structure and dynamics of global capitalism in the twenty-first century. This cutting-edge collection of works by leading global political economists links current events to long-term trends in global capitalist development to provide a comprehensive analysis of China's impact on the world. Scholars of China, world systems and globalization, international relations, and political economy will find this assessment worthy of study and an important starting point for further research.
"China and the Transformation of Global Capitalism is most timely, as controversy over the rise of China as an economic powerhouse and military threat to the United States is one of the most salient topics in current macro social science and policy analysis. It advances highly useful perspectives, especially for the short— and medium—term future, and will be recognized as a major contribution."
-- Walter F. Goldfrank, University of California, Santa Cruz
"This eclectic collection is a signal contribution to what may be the most important debate in contemporary political economy: How will the dynamics of Chinas development shape the 21st century? Scholars and practitioners alike will benefit from confronting the plethora of provocative propositions and insights offered by the books contributors."
-- Peter Evans, University of California at Berkeley
"Provocative, engaging and timely, this landmark volume examines the critical question of our times: what are the implications of China's ascendency for global capitalism? Among the many scholarly works on China, this remarkable book offers a unique and breathtaking vista of unparallelled scope. The well-crafted chapters embed China's transformation in world systemic forces as well as China's own legacies of pre-modern market development and Maoist socialism, illuminating the myriad ways in which China reshapes the global supply chains, sparks resource—based geopolitical competition among major powers, and generates the potentials for a revival of labor activism. This is essential reading for anyone interested in China and the world."
-- Ching-Kwan Lee, University of California, Los Angeles

Ho-fung Hung is an assistant professor of sociology at Indiana University.
Contributors include Richard Appelbaum, Giovanni Arrighi, Edna Bonacich, Jόzsef Böröcz, Paul Ciccantell, John Gulick, Stephanie Luce, Beverly Silver, Alvin So, and Lu Zhang