Toward Delinking: An Alternative Chinese Path Amid the New Cold War

During the 1960s, China was effectively excluded from the two major camps: the Soviet camp and the U.S. camp. For about a decade, China was obliged to seek development within its own borders and thereby achieved some extent of delinking: a refusal to succumb to U.S.-eurocentric globalization and an...

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Bibliographic Details
Published in:Monthly review (New York. 1949) 2020-10, Vol.72 (5), p.15-31
Main Authors: Tsui, Sit, Wong, Erebus, Lau Kin Chi, Wen Tiejun
Format: Article
Language:English
Subjects:
21st century
American dollar
Camps
Capitalism
Central banks
China
Cold War
Company business management
Coronaviruses
COVID-19
Currency
Diplomacy
Economic development
Economic growth
Economic policy
Evaluation
Foreign exchange rates
GDP
Globalization
Gross Domestic Product
International finance
International relations
Management
Modes of production
Monetary policy
Money
Pandemics
Post World War II period
Production capacity
Renminbi
Securities markets
Small & medium sized enterprises-SME
Social media
Social networks
Socialism
Stock exchanges
Stock market crashes
System theory
Telecommunications
Trade disputes
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Summary:During the 1960s, China was effectively excluded from the two major camps: the Soviet camp and the U.S. camp. For about a decade, China was obliged to seek development within its own borders and thereby achieved some extent of delinking: a refusal to succumb to U.S.-eurocentric globalization and an embrace of a people's agenda of development. While foreign relations were later normalized and China once again brought in foreign capital, since being explicitly targeted as the primary rival of the United States, however, the situation may again warrant moves toward delinking and searching for alternatives, with ups and downs along the way.
ISSN:0027-0520
0027-0520
DOI:10.14452/MR-072-05-2020-09_3