The World Economy in 2020 - The Rise of China

1995 ◽  
Vol 6 (2) ◽  
pp. 63-71
Author(s):  
Sir Richard Evans
2011 ◽  
Vol 10 (3-4) ◽  
pp. 365-385
Author(s):  
Vincent H. Shie ◽  
Chih-Yuan Weng

Abstract In an article in Perspectives on Global Development and Technology (PGDT), Kwangkun Lee revisits the debate on whether the semiperiphery is persistent or short-lived in the long-term historical structure. Lee concludes that semiperipheries only have a brief lifespan due to their (assumed) polarizing tendency. We provisionally agree with Lee’s conclusion, but we diverge in our reasoning for upholding this hypothesis. Proponents of the World-Systems Theory claim that an intermediate group of states stabilizes the world-economy. For instance, Giovanni Arrighi posits that the semiperiphery will be persistent in the longue durée. But in our view, the rise of China will ultimately destabilize the so-called constant stratum of the semiperiphery.


2018 ◽  
Vol 04 (02) ◽  
pp. 159-175
Author(s):  
Xing Li ◽  
Shengjun Zhang

To better assess the global impact of the ascendance of emerging powers brought about by globalization, this paper attempts to provide a conceptual framework of “interdependent hegemony,” which can serve as an alternative conceptual tool for analyzing the dynamics between the role of emerging powers as a counter-hegemonic, socio-political force and the hegemonic resilience of the existing international order. The paper also regards the capitalist world economy as a dynamic system which is under constant changes over time, whereas certain basic features of the system remain in place. It is argued that despite the rise of emerging powers, the functioning of the world economy will always generate inequalities with positional changes in the stratification of the core-semiperiphery-periphery structure. In this context, the rise of China as both a recipient and provider of global production and investment is fundamentally a positive driving force behind the evolution of the world system.


2018 ◽  
Vol 32 (1) ◽  
pp. 107-120 ◽  
Author(s):  
Timothy Cheek ◽  
David Ownby ◽  
Joshua Fogel

The papers in this research dialogue section are the product of a project that examines intellectual life in China since the 1990s – chiefly the efforts by academic public intellectuals to rethink China’s past, present, and future in light of the excesses of Mao’s revolution, the challenges emerging from reform, and the rise of China to the status of world economic power. Chinese scholars, having benefited from China’s openness to the world and the relative relaxation of political pressure in China (until recently), have much to say about China and the world that merits our attention. Through creative collaboration between Chinese and international scholars, the articles collected here explore that intellectual public sphere since the late 1990s. The articles were written in Chinese by young PRC scholars and rendered into English through ‘collaborative translation’ teams that pair these Chinese with non-Chinese scholars based in Canadian universities. The net result, grounded on repeated conversations and revisions, is not a simple translation but a co-production of knowledge about China that aims to capture the discourse of Chinese scholarship in a way to make it meaningful to anglophone readers. The articles themselves are not traditional surveys of academic scholarship. Rather they map significant areas of an intellectual world and the arguments within it. Three widely accepted intellectual streams of thought ( sichao 思潮) organize these soundings: liberals, New Left, and New Confucian. These reports explore connections between and diversity within and beyond each.


2009 ◽  
Vol 05 (01) ◽  
pp. 0950002
Author(s):  
TERENCE TAI-LEUNG CHONG ◽  
TAU-HING LAM ◽  
MELVIN J. HINICH

The rise of China in the world economy has attracted a great deal of international attention. This paper investigates the performance of nonlinear self-exciting threshold autoregressive (SETAR) model-based trading rules in the Chinese stock market. We compare the performance of the SETAR model with the autoregressive (AR) model and the moving average (MA) trading rules. Our results indicate that trading rules are profitable in the B-share market, and that the nonlinear SETAR rule outperforms the other two linear rules in general.


2019 ◽  
Vol 2 (1) ◽  
pp. 71-87
Author(s):  
Cindy Rezma Fanny ◽  
Dwi Nur Arifianti ◽  
Erlandi Daffa Augusta

Since the rise of China as a 'great power' in the 1940s, China has continued to expand its economic power. His role which was felt to be insignificant in the world multilateral institutions or Bretton-Woods institutions made China initiate a new multilateral institution which was considered to have a bureaucracy that was easier than the Bretton-Woods institution. In addition, the financial condition of the World Bank which is considered inadequate for the Asian infrastructure development needs and the failure of America to host China so that the American allies want to join the AIIB make China more convinced by its decision to establish AIIB. AIIB initiated by President Xi Jinping and announced its establishment in 2014. In 2015, 57 founding countries officially signed the Article of Agreement (AOA) as the basis for the formation of the AIIB. In this study, the researcher will explain the motivations behind the formation of the AIIB. This research explained through a quantitative descriptive method so that the researcher will explain the purpose of establishing AIIB in detail. As a result, by analyzing through the perspective of Dependency Theory, the dependence of third world countries on the AIIB would indirectly bring about hegemony from China.


2021 ◽  
Author(s):  
AISDL

“China is a sleeping giant. Let her sleep, for when she wakes, she will shake the world” - Napoleon Bonaparte. The rise of China is a phenomenon in the 21st century. The rise of China is one of the most significant contributions to the restructuring of the world order as well as the Asian Pacific order. Although the United States remains one of the most powerful countries in the world, its regional and global hegemony has been considerably challenged by China. This paper contains three main objectives: (1) to present an overview on the miraculous growth of Chinese economy; (2) to identify the challenges from China’s rise posing on the regional and international system; and (3) to make an analysis on the case of the South China Sea disputes in order to clarify the reaction of the system towards the China’s rise.


2019 ◽  
Vol 11 (04) ◽  
pp. 19-27
Author(s):  
Weixing CHEN

The rise of China has shaken, to some extent, the pillars sustaining the US dominance in the world. Facing structural challenges from China, the United States has responded on three levels: political, strategic and policy. The Donald Trump administration has adopted a hard-line approach while attempting to engage China at the structural level. The China–US relationship is entering uncertain times, and the reconstruction of the relationship could take a decade.


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