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Globalization and China: From Neoliberal Capitalism to State Developmentalism in East Asia

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Globalization in the 21st Century

Abstract

During the cold war era, China was generally seen by the Left in the West as a model of revolutionary socialism. The Left was especially attracted to the Maoist policies of public ownership, egalitarianism, mass mobilization, militant anti-imperialism, and the rejection of a reformist road to socialism (Halliday 1976; Petras 1997). Nevertheless, in the late 1970s, when the advanced capitalist states lowered their hostility toward communist China and welcomed China back to the global economy, China replaced Maoist policies with “market socialism.” Since the late 1970s China’s economic development has stunned the world. The country has become one of the world’s largest exporters of manufactured goods and sites for transnational investments, while purportedly lifting hundreds of millions out of poverty.

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Authors
  1. Alvin Y. So
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Berch Berberoglu

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© 2010 Berch Berberoglu

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So, A.Y. (2010). Globalization and China: From Neoliberal Capitalism to State Developmentalism in East Asia. In: Berberoglu, B. (eds) Globalization in the 21st Century. Palgrave Macmillan, New York. https://doi.org/10.1057/9780230106390_7

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