Ten Crises : The Political Economy of China's Development (1949-2020).

Bibliographic Details
Main Author: Wen, Tiejun.
Other Authors: Kin Chi, Lau., Tsui, Sit.
Format: eBook
Language:English
Published: Singapore : Springer Singapore Pte. Limited, 2021.
Edition:1st ed.
Series:Global University for Sustainability Book Series
Subjects:
Online Access:Click to View
Table of Contents:
  • Intro
  • Foreword
  • Preface
  • Contents
  • List of Figures
  • List of Tables
  • 1 Introduction
  • 1 Key Concepts
  • Capital and Government
  • Urbanization and Cycle of Crises
  • Political Modernization and Debt Crisis
  • Theory of Cost Transfer
  • Crisis Soft-Landing and Empowering the Three Agrarian Sectors
  • 2 Development Trap and China's Experience
  • 3 China's Economic Crises and the Conditions of "Soft-Landing"
  • 2 1949-1952: 'Land Reform Dividend'-Old Crisis Plus New Crisis
  • 1 Overview
  • 2 An Interpretation of the Crisis in the Three Years of National Economic Restoration
  • 3 Resolving the Modern Financial Crisis of the Old Republic
  • From Silver Crisis to Paper Currency Crisis
  • Currency War and Hyperinflation in the Republic of China
  • The Birth of Renminbi: The Continuation or End of the Crisis?
  • Stabilizing the RMB: 'Material Supplies Standard' Resolved the Crisis of Paper Currency
  • The Great Currency Defence Battle
  • The State-Conferred Credibility on RMB by Supplies-Based Value System in Three Domains
  • 'Supplies Standard' Currency System in Practice in Liberated Regions
  • RMB Put on a Firm Footing by the Organization of Rural Regions After Land Reform
  • Redistribution of Property Relationship and Organization of Peasants Reduced the Cost of Levying Staple Grain
  • Irrigation Infrastructure Construction Through State-Mobilized Labour to Secure Food Production
  • Preliminary Completion of State Regime Building
  • 4 New Crisis: Government Regulation Under a Weak Market and Political Movement
  • Background: Sluggish Urban and Rural Economies After Curbing Hyperinflation
  • Efforts in Promoting Urban-Rural Market Exchange and Their Limits
  • The Achievement of Promoting Urban-Rural Market Exchange and Its Limit
  • Primitive Accumulation of Capital and the Policy Paradox of Price Scissors.
  • Dealing with the Crisis: Counter-Cycle Regulation and Political Movement
  • Re-understanding the Shift from New Democracy to 'Socialist Transition'
  • 5 Conclusion: The Relevance of China's Experience to Developing Countries
  • 3 1958-1976: Three Rounds of Crises at the Initial Phase of Industrialization and the Background of Foreign Debts Due to Introducing Foreign Investment
  • 1 Background of the First Occasion of Industrialization Relying on Foreign Capital: The Reconstruction and Transformation of Geo-Political Strategy After WWII
  • Industrialization and the Dilemma of Urban-Rural Dual Structure
  • The Price of Soviet Union's Aid: The Socialist Restructuring of Economic Base and the "Sovietization" of Superstructure
  • Institutional Transition and New Ideology
  • 2 The Second Crisis (1958-1960): What Happened in China After the USSR Aid was Interrupted?
  • 3 The Third Crisis (1968-1970): Strategic Adjustment of "Three Defence Lines Construction" and Economic Crisis
  • 4 The Fourth Crisis (1974-1976): The Last "Going to Mountains and Villages" Movement
  • New Geopolitical Condition in the 1970s
  • 4 Three Endogenous Economic Crises since the Reform and Corresponding Resolutions 1978-1997
  • 1 1979-1980: The First Economic Crisis since the Reform and Economic Recovery with the Help of the Sannong
  • How the First Crisis Since the Reform Happened and the Characteristics It Displayed
  • The 1980 Economic Crisis Hard-Landing in Cities
  • Revival with the Help of the Sannong
  • Reforms on Two Aspects in Rural Policy
  • Three Factors by Which Rural Industrialization Facilitated the Recovery of National Economy
  • Experience and Lessons from Handling of the 1979-1981 Crisis
  • The Profound Impact of the Institutional Costs Brought About by the Reform.
  • 2 The 6th Crisis (1988-1990): The Second Economic Crisis since the Reform and the Response of the Sannong
  • Characteristics and Intrinsic Mechanism of the 1988-1990 Economic Crisis
  • The Transferal of the Economic Crisis and the Costs to the Sannong
  • 3 Third Round of Foreign Capital and Debts: Background and Rationale Change-1988-1994: "It is Crucial to Develop Exports to Earn Foreign Exchange"
  • 4 The 7th Crisis: 1993-1994, the Third Economic Crisis since the Reform, and the Transformation to Export-Oriented Model
  • Internal Mechanism and Characteristics of the 7th Economic Crisis in 60 Years of Industrialization, the Third since the Reform
  • The Urban and Rural Sectors Jointly Shared the Costs of 1993-1994 Crisis
  • Urban Workers Laid off on Large Scale
  • Marketization and Privatization of Public and Social Services
  • Local Government Transferred the Governance Costs to Villages
  • Serious Social Contradictions
  • Financial Capital Alienated from Physical Industries
  • Fundamental Change in the Mechanism for Capitalization of Land Resource
  • The Positive and Negative Impacts of Crisis Management on the Sannong
  • 5 Two Exogenous Crises in 1997 and 2008: Occurrence, Response and Impact
  • 1 Four Rounds of 'Foreign Capital Introductions' Over Sixty Years, Each Accompanied by Emergence of Two Crises
  • 2 The Eighth Crisis: Measures to Deal with 1997 Asian Financial Crisis and the Impact
  • Change in Origin of the Crisis: Why Was It an "Imported" Crisis?
  • China's Key Experience in Responding to Imported Crisis: "Government Intervention"
  • Financial System Reform-Financial Capital Controlled by Central Government Transformed into Monopolistic Capital Independent of Localized Real Industry
  • Banking Commercialization Reform
  • A Review of the Evolving Relationship Between Financial Capital and Real Industry in China.
  • The 1980s: Local Financialization Propelled Local Industrialization
  • 1994-2002: The Re-Centralization of Finance and Its Alienation from Local Industries
  • 1993-1996: Background of Contractionary Financial Policy
  • The Impact of Financial Austerity Policy During 1993-1996
  • 1997-2002: Banking Commercialization Reform and Its Aftermath
  • Proactive Fiscal Policies-Infrastructure Construction Investments Mainly by the Central Government
  • "Government's Entrance" as the Fundamental Experience for China in Response to Imported Crises
  • Impact of Crisis on the Sannong and Rural Governance
  • The Sannong Became the Vehicle to Achieve "Crisis Soft-Landing"
  • Impact on Rural Economy and Peasant Income
  • Impact on Rural Governance: The Model of "Self-Financing" for Rural Governance was Again at Danger
  • 3 Contextualizing the Fourth Round of Foreign Investments and Foreign Debts in 1997-2008: Collision of External and Domestic Over-Capacities
  • 4 The Ninth Crisis: Policies Responding to the 2008 Financial Crisis and Impact
  • China's Domestic Situation Before the Crisis
  • China's Economy was Further Integrated into the Great Global Economic Circulation Dominated by the USA
  • US Dot-Com Bubble and FDI Flooding into China
  • Structural Contradiction in China's Economy-Three Overcapacities and Worsening Imbalance of the Troika
  • Corporatized Local Governments "Cashing in Land": The "High Investment + High Indebtedness = High Growth" Model Led by Urbanization
  • How the "New Pro-People's Livelihood Policies", Represented by the Sannong Strategy, Facilitated the "Soft Landing" of 2008 Crisis
  • "Sannong New Deal": Background and Contents
  • Repairing the Regulatory Function of Rural "Capital Pool" and "Labor Pool"
  • 2008-2009: China's Response After the Second Imported Crisis
  • The Global Financial Crisis and Its Impact on China.
  • FDI and China's Financialization
  • How Did Chinese Government Deal with the Crisis
  • Function of the Rural Labor Reservoir in Stabilizing Society
  • Brief Comparison Between the Two Imported Crises Regarding Responses and Conditions
  • 6 Unfolding Crisis and Great Transformation (2013-2020): From Globalization to Ecological Civilization as Localization
  • 1 The Crisis of Globalization and the New Cold War
  • Debt Regime and the Heavily Indebted Hegemony
  • Recourse to Cold War Strategy
  • From Delinking to Re-Linking to US-China Decoupling
  • From Structural Complementarity to Institutional Delinking
  • Economic Iron Curtain: From TPP to Economic Prosperity Network or Other Future Initiatives
  • Reverse-Globalization or the Exclusion of China from the Global Trade Regime
  • Global Regionalization
  • Fast Track to a New Cold War
  • 2 Post-epidemic Impact: Towards a Hard Delinking
  • The Formation of an Exclusive Global Financial Regime
  • 3 A Brief Recapitulation of Major Domestic Economic Aspects During 2013-2020
  • Rapid Financialization Crowding Out Industrial Development
  • Nonfinancial Enterprises Financialized and E-Finance Bubble
  • The Lesson China Should Learn from the Crisis in the West
  • Monetary Sovereignty
  • A Race of Post Dollar Hegemony: Digital Currency and New Global Financial Order
  • The Astronomical Expansion of Debt
  • Land Issues: Land Finance and the Expansion of Real Estate Sector
  • Local Fiscal Budget Deficits
  • Real Estate: The Sisyphus Boulder of the National Economy
  • Structural Imbalance and Rebalance in Three Aspects
  • New Infrastructure Building and the Worry of Economic Polarization
  • The Regional Mega Integration and the Dilemma of Regional Rebalance
  • Dual Circulation Strategy
  • 4 Ecological Civilization: Localization as Alternative to Globalization
  • Policy Adjustment: Rural Revitalization.
  • COVID-19 Epidemic as a Strategic Time Window.