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E-grāmata: China's Economic Development: Decoding and Reframing its Rise

(International Islamic University of Malaysia, Malaysia)
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China's Economic Development: Decoding and Reframing its RisePalielināt
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Through a rigorous examination of ‘‘China’s rise’’, Lee addresses an important question – Did China catch up? Or more specifically, can growth be automatically translated to catching up with the advanced industrialised countries or has it only allowed limited progress (if any) to be made?’

To answer these queries and the broader question of the possibility for the Global South to converge with the Global North, four development theories are utilised, with competing explanations, to uncover the complexity and multifaceted development of China. This includes whether China really has a unique developmental model to offer. Positioning China within the global economy, this book traces its developmental progress over time as well as its progress relative to other countries. To understand whether the Chinese political economy is socialist (or not), Lee moves away from the orthodox definition of socialism and instead examines the official narrative of Socialism with Chinese Characteristics. Lastly, the book argues that though China is catching up, challenges that could potentially block China’s progress for a full catch up are to be anticipated.

A useful resource for students and scholars in the field of international relations, international political economy, Chinese studies, and development studies.



Lee addresses China's catch up by using four development theories to uncover its complexity and multifaceted development. A useful resource for students and scholars in the field of international political economy, Chinese studies, and development studies.

Recenzijas

Lee considers four competing development theories and examines Chinas economic development using the competing explanations. She provides insight into the dynamic nature of the international division of labor through development theories. Lee cautions peripheral countries about opening up their economies because of potential exploitation and dependency. [ ] It is an interesting read for those interested in development and Chinese economy. Suitable as an undergraduate textbook.

- D. Li, University of Texas at Dallas, Choice Review, January 2025

TABLE OF CONTENTS

List of Tables and Figures

Acknowledgements

List of Abbreviations

1. KEY DEBATES ON CHINAS DEVELOPMENT

1.1 Historical Background of China

1.2 Unsettled Debates of Chinas Development

1.3 Concept of Development

1.4 Scientific Contributions

1.5 Research Methodology

1.5.1 Document Analysis

1.6 The structure of the book

2. THEORETICAL FRAMEWORKS

2.1 Introduction

2.2 On the Idea of Catch-up

2.2.1 Modernisation Theory

2.2.2 Dependency Theory

2.2.3 Theory of Uneven and Combined Development

2.3 Expectations of Chinas developmental outcomes

2.4 Chinas Developmental Model

2.4.1 Modernisation Theory

2.4.2 Developmental State Theory

2.5 Expectations of Chinese development model

2.6 Conclusion

3. CHINAS INTEGRATION INTO THE GLOBAL ECONOMY: PROGRESS OR UNDERDEVELOPMENT?


3.1 Introduction

3.2 Dependency Theory on Underdevelopment of China

3.2.1 Foreign economic relations

3.2.2 Technology Development

3.2.3 Summary

3.3 Modernisation Theory on Chinas Attaining Economic Development

3.3.1 Social Overhead Capital

3.3.2 Foreign economic relations

3.3.3 Agricultural technology

3.3.4 Summary

3.4 Conclusion

4. IS DEVELOPMENT CATCH-UP POSSIBLE?

4.1 Introduction

4.2 Modernisation Theory on Chinas Developmental Catch-up

4.2.1 Income Level

4.2.2 Comparison of Chinese development with other countries

4.2.3 Technology Gap

4.2.4 Summary

4.3 The Theory of Uneven and Combined Development: China could not catch-up

4.3.1 Combination form of Chinese Development?

4.3.2 Unevenness between China and developed economies

4.3.3 Unevenness between regions within China

4.3.4 Sectoral Unevenness within China

4.3.5 Urban-rural gap

4.3.5.1 Income equality in China

4.3.6 Summary

4.4 Conclusion

5. UNDERSTANDING CHINESE POLITICAL ECONOMY

5.1 Introduction

5.2 Chinese Official Narrative of Socialism with Chinese Characteristics

5.3 Analysis of Socialism with Chinese Characteristics

5.4 Scholarly debate on the nature of the Chinese political economy

5.5 Conclusion

6. CHINAS VARIETY OF CAPITALISM

6.1 Introduction

6.2 Modernisation Theorys Expectations of the Chinese Development Model

6.2.1 China Model: Free-market Development Model?

6.3 Developmental State Theorys Expectations of the Chinese Development
Model

6.3.1 China Model: State-led Development Model?

6.4 Conclusion

7. POTENTIAL CHALLENGES TO CHINAS CATCH-UP TO THE WEST

7.1 Introduction

7.2 Internal challenges

7.2.1 Slowing economic growth

7.2.2 Declining innovation and investment

7.2.3 Housing market crisis

7.2.4 Growing dissatisfaction and protest within China

7.3 External challenges

7.3.1 Decoupling to De-risking from the Chinese Economy

7.3.2 The US-China Trade War

7.3.3 From Trade War to Tech War

7.3.4 Wide-ranging competition and potential confrontation with the US

7.4 Conclusion

8. CONCLUSION

8.1 Introduction

8.2 Developmental Catch-up in China

8.3 China Development Model

8.4 Potential Challenges to Chinas Catch-Up

8.5 Conclusion

Notes

References

Index
Lee Pei May is Assistant Professor at the Department of Political Science at the International Islamic University of Malaysia. Her research focuses on Chinas political economy, USChina geopolitical competition, and MalaysiaChina relations. Her published work includes USChina relations: trade war and the quest for global hegemony.
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