Structural Power, Hegemony, and State Capitalism
Limits to China's Global Economic Power
Bibliographic Data
| ID | 2317455 |
|---|---|
| Authors | Mingtang Liu (0000-0001-9183-6724, Johns Hopkins University), Kellee S Tsai (0000-0003-4185-1744, Hong Kong University of Science and Technology, corresponding author) |
| Year | 2021 |
| Volume | 49 |
| Issue | 2 |
| Pages | 235-267 |
| Publication date | 2021-06-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Latin American Politics and Society (JOURNAL) |
| Journal identifiers | ISSN: 1531-426X • E-ISSN: 1548-2456 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0032329220950234 |
| OpenAlex | W3061650383 |
| Language | EN |
| Citations received | 21 |
A comparative historical perspective shows how globalization and the specificities of China's rapid growth era limit its hegemonic potential in the twenty-first century global economy. Although state capitalism and openness to foreign capital facilitated China's economic transformation, interactions among three forms of capital-state, private, and foreign-have produced developmental dynamics that constrain China's capacity to assume the position of the world's economic hegemon. These include (1) the compromised competitiveness of China's corporate sector due to the domination of state-owned enterprises, (2) limits on the ability of Chinese firms to develop leading transnational corporations, and (3) early openness to and continued dependence on foreign capital. Moreover, the party-state's efforts to ameliorate these constraints arouse external suspicion rather than support a Chinese-led hegemonic order based on consent and shared interests. These historically conditioned realities should temper expectations that China is converging teleologically toward a familiar hegemonic role in the international economy
Capital (architecture · Capitalism · China · Developmental state · Economic power · Economic system · Economics · Globalization · Hegemony · International trade · Market economy · Openness to experience · Political economy · Political science · Position (finance · Power (physics · State (computer science · State capitalism · Elite Sociology and Global Capitalism · Law · State Capitalism and Financial Governance
State Platform Capitalism
Multipolar illusions
Post-Peak China in Africa? Insights from Zambia
The Gulf states and the energy transition in the Indo-Pacific
Chinese investment in Southeast Asia
The belt, the corridor, and roadblocks
China’s role conflict in norm contestations
What about the dragon in the room? Incorporating China into international political economy (IPE) teaching
The geoeconomics of global semiconductor value chains
Emerging Powers and the Political Economy of the Southern Interregnum
Global china, (former) Yugoslavia, and socialism
The influence of hukou precarisation on employers’ recruitment of Chinese international student returnees in Shanghai
The indirect effects of structural power
Global structures of digital dependence and the rise of technopoles
The Empire Strikes Back
From expansion to exclusion
Charity Begins at Home
A Economia Política Do Desenvolvimento Rural Na China
The US-China rivalry and the emergence of state platform capitalism
Amplified State Capitalism in China
After the Foxconn Suicides in China
| Unique citing works | 21 |
|---|---|
| Citations per year | 5,25 |
| Citation span | 2022 - 2026 (5) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 21 |