The Rise of China and the Demise of the Capitalist World-Economy
China's increasing power in the global economy is destabilizing the established system. This book analyses the possible historical trajectories of China and the capitalist world-economy in the twenty-first century.Minqi Li examines the future global prospects from the perspectives of Marxism, world-system theories, and ecological limits to growth. He argues that China is likely to exacerbate many of the major contradictions of world capitalism, which could lead to the demise of the existing world-system.This is an essential text for students of political economy, economics and global politics.
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What Reviewers Are Saying
'A thought-provoking account of human economic and social evolution' -- David M. Kotz, Professor of Economics at the University of Massachusetts Amherst 'Places the 'rise of China' from the Mao era to today in the context of the history of the entire world-system - a persuasive case' -- Immanuel Wallerstein