Abstract
This chapter proposes a theoretical outline of the economic state for capturing a major institutional transformation caused by globalization. It suggests to analyze the economic state with six features, which include the state’s increasing economic concern, the state’s extending authority into economic domains, the frequent involvement of state coercion in economic affairs, the shift of sources of state legitimacy to economic performance, the state’s declining supply of public goods, and the prevalence of power–money exchange relationships in governmental ethics. It then examines the economic state of the People’s Republic of China and the United States of America, respectively, from these angles, and places them in a comparative perspective. Such comparative case studies help to, first, demonstrate how the economic state arises across a wide range of countries in very different economic, political, and social-cultural characters; second, a variety of the economic state exists in the trend of the rise of the economic state; and third, democracy, as being undermined by the rise of the economic state, is still vital to determine different types of the economic state.
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Notes
- 1.
The author would acknowledge Yuesheng Xu for her research assistance in making the figures and Emma Lansdowne for her checking of grammars.
- 2.
For the phrase and its background, see, for example, Wikipedia, https://en.wikipedia.org/wiki/It's_the_economy,_stupid, accessed June 15, 2015. Emphasis is added.
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Wu, G. (2020). Globalization and the Rise of the Economic State: PRC and USA in Comparison. In: Rossi, I. (eds) Challenges of Globalization and Prospects for an Inter-civilizational World Order. Springer, Cham. https://doi.org/10.1007/978-3-030-44058-9_15
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