ebook9783319639970d4325

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This book deconstructs a series of myths surrounding China‚Äôs economic rise. The first myth is that globalization led directly to China‚Äôs rise; the second is that China is another East Asian developmental state; the third that China‚Äôs market reform had been implemented in an incremental way; and fourth that China‚Äôs ‚Äòresilient authoritarianism‚Äô has been effective in ensuring the country‚Äôs economic and political transformation. Yue argues that the China model is one of ‚Äòcrony comprador capitalism‚Äô that has hindered the country‚Äôs attempts at economic and political modernity.¬†It is argued that the United States‚Äô strategy of integrating China into the international system is self-defeating in the long run; not because such an approach has created a ‘restless empire’ capable of challenging US primacy, but because the Chinese ‘miracle’ has subsequently backfired on the liberal order created after World War Two. Covering the entire reform period from the end of the CulturalRevolution in 1976 to the present day, the author calls for readers to rethink globalization and leave more policy space for China and the developing nations to pursue national development through internal integration, which is more conducive to democratic transition and global peace.¬†