EXPLORING CAPITALIST DEVELOPMENT IN GREATER CHINA: A SYNTHESIS

This article explores the dynamics of capitalist development in the three political economies of Greater China. We have two purposes in mind. First we hope to produce a fresh understanding of Mainland China's economic rise, interpreting it as associated with the process of late capitalist devel...

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Bibliographic Details
Published in:Asian perspective 2006, Vol.30 (2), p.31-64
Main Authors: McNally, Christopher A., Chu, Yin-Wah
Format: Article
Language:English
Subjects:
Asian studies
Business
Business structures
Capitalism
China
Comparative analysis
Corporations
Economic Development
Economic growth
Economic reform
Enterprises
Hong Kong
Industrial policy
Industrialization
Peoples Republic of China
Political economy
Private sector
Prospects for Change in China
State-society relations
Taiwan
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Summary:This article explores the dynamics of capitalist development in the three political economies of Greater China. We have two purposes in mind. First we hope to produce a fresh understanding of Mainland China's economic rise, interpreting it as associated with the process of late capitalist development. Second, we use a comparison with Taiwan and Hong Kong to examine whether China has converged with or diverged from four salient aspects of late capitalist development: the character of state ruler incentives, or the "will to develop"; the nature and structure of state-society relations; the role of business enterprises and business networks in supporting initial capitalist accumulation; and the transition of state-business interactions over time from mutual distrust to engagement and cooperation. In so doing, we hope to use comparative analysis to integrate the crucial case of China into broader inquiries on nature and logic of capitalist development.
ISSN:0258-9184
2288-2871
2288-2871
DOI:10.1353/apr.2006.0020