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Collaborative Advantage
Collaborative Advantage offers a bold new take on the drivers and consequences of globalization, both for innovation in renewable energy industries and domestic politics. In an era of rapid international economic integration, how do countries interact, innovate, and compete in industries, like energy, that are fundamental to national interests? In Collaborative Advantage, Jonas Nahm examines the development of the wind and solar industries, two historically important sectors that have long been the target of ambitious public policy. As wind and solar grew from cottage industries into lucrative global sectors of geopolitical importance, China, Germany, and the United States each developed dis...
Shadow Banking and the Rise of Capitalism in China
This book is about the growth of shadow banking in China and the rise of China’s free markets. Shadow Banking refers to capital that is distributed outside the formal banking system, including everything from Mom and Pop lending shops to online credit to giant state owned banks called Trusts. They have grown from a fraction of the economy ten years ago to nearly half of all China’s annual Rmb 25 trillion ($4.1 trillion) in lending in the economy today. Shadow Banks are a new aspect of capitalism in China – barely regulated, highly risky, yet tolerated by Beijing. They have been permitted to flourish because many companies cannot get access to formal bank loans. It is the Wild West of banking in China. If we define capitalism as economic activity controlled by the private sector, then Shadow Banking is still in a hybrid stage, a halfway house between the state and the private economic. But it is precisely this divide that makes Shadow Banking an important to the rise of capitalism. How Beijing handles this large free market will say a lot about how the country’s economy will grow – will free markets be granted greater leeway?
Is China A Menacing Empire?
China's economic impact on the world, through trade, investment and infrastructure projects, is huge and growing rapidly. This has received criticism from officials and politicians in various countries including the US, who accused China of neo-colonialism, setting debt traps in other countries and corruption in overseas Chinese deals. This book examines how justified such accusations are and seeks to comment on them in an objective manner. This book also explores the tensions between China and the US.
Precarious Ties
Developing Asia has been the site of some of the last century's fastest growing economies as well as some of the world's most durable authoritarian regimes. Many accounts of rapid growth alongside monopolies on political power have focused on crony relationships between the state and business. But these relationships have not always been smooth, as anti-corruption campaigns, financial and banking crises, and dramatic bouts of liberalization and crackdown demonstrate. Why do partnerships between political and business elites fall apart over time? And why do some partnerships produce stable growth and others produce crisis or stagnation? In Precarious Ties, Meg Rithmire offers a novel account ...
Chinese Politics
Written by a team of leading China specialists, this updated 2nd edition of Chinese Politics explores the dynamics of state power and politics in contemporary China, focusing on the Xi Jinping era. Through its multi-disciplinary contributions, this book explores the extent to which Xi has reshaped the political, economic, socio-cultural, and demographic terrains of the PRC, as well as Beijing’s foreign policy. The book will help readers to think productively about the trajectory of these aspects of Chinese politics and society through Xi’s current term and beyond. The book also highlights the potential role outside countries and non-state actors might play in shaping China’s trajectory...
The Latecomer's Rise
In The Latecomer's Rise, Muyang Chen reveals the nature and impact of a rapidly growing form of international lending: Chinese development finance. Over the past few decades, China has become the world's largest provider of bilateral development finance. Through its two national policy banks, the China Development Bank (CDB) and the Export-Import Bank of China (China Exim), it has funded infrastructure and industrial projects in numerous emerging markets and developing countries. Yet this very surge and magnitude of capital has raised questions about the characteristics of Chinese bilateral lending and its repercussions on the international order. Drawing on a variety of novel Chinese primar...
Land Bargains and Chinese Capitalism
Land reforms have been critical to the development of Chinese capitalism over the last several decades, yet land in China remains publicly owned. This book explores the political logic of reforms to land ownership and control, accounting for how land development and real estate have become synonymous with economic growth and prosperity in China. Drawing on extensive fieldwork and archival research, the book tracks land reforms and urban development at the national level and in three cities in a single Chinese region. The study reveals that the initial liberalization of land was reversed after China's first contemporary real estate bubble in the early 1990s and that property rights arrangements at the local level varied widely according to different local strategies for economic prosperity and political stability. In particular, the author links fiscal relations and economic bases to property rights regimes, finding that more 'open' cities are subject to greater state control over land.
