State Neoliberalism: The Chinese Road to Capitalism in Comparative Perspective (국가 신자유주의: 자본주의로 가는 중국의 도정에 대한 전망)

Alvin Y. So; Yin-Wah Chu

State Neoliberalism: The Chinese Road to Capitalism in Comparative Perspective

Asia Review
Abbr : SNUACAR
2016, 5(2), pp.89~108
Publisher : 아시아연구소
Research Area : Social Science > Social Science in general

Alvin Y. So ¹, Yin-Wah Chu ²

¹Hong Kong University of Science and Technology
²Hong Kong Baptist University

Candidate

ABSTRACT

The aim of this paper is to identify the main elements of a new varietyof capitalism in China within the context of Chinese domestic politicaleconomy, thus providing the first step to examining China’s emergentcapitalism since 1978, what we label as “state neoliberalism.” This paperfirst compares the similarities and differences between state neoliberalismin China with other varieties of capitalism in the south, in the West, and inpost-socialist Eastern Europe. Then it identifies the distinctive characteristicsof state neoliberalism and explicates how state neoliberalism hasengendered a ceaseless drive of capitalist accumulation in China, propellingChina from a poor third world country to an economic powerhouse ofthe capitalist world-economy. In the end, this paper will discuss the futureprospects for state neoliberalism in the twenty-first century.

KEYWORDS

Developmental state, neoliberalism, market reforms, China, communist party-state, capital accumulation

Citation status

* References for papers published after 2023 are currently being built.

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