Ten Crises : The Political Economy of China's Development (1949-2020).
Main Author: | |
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Other Authors: | , |
Format: | eBook |
Language: | English |
Published: |
Singapore :
Springer Singapore Pte. Limited,
2021.
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Edition: | 1st ed. |
Series: | Global University for Sustainability Book Series
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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.