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Is China turning Latin? China's balancing act between power and dependence in the lead up to global crisis

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  • Andrew Martin Fischer

    (Institute of Social Studies, Erasmus University Rotterdam, The Hague, The Netherlands)

Abstract

China's apparent escape from the external constraints of peripheral late industrialisation in the build up to the global economic crisis of 2007-2009 has been recent and remains tenuous. Before its spectacular trade surpluses of the 2000s, China's external accounts reflected many of these constraints. Even in the midst of the surplus surge, external vulnerabilities of a peripheral nature have persisted. Besides the issue of export dependence, which is the conventional focus of most crisis-related studies on China, vulnerabilities have been more profoundly related to the dominance of foreign ownership in China's export sector and to the relatively subordinate position of this export sector within the massive rerouting of international production networks via China that followed the East Asian crisis, in large part led by Northern transnational corporations. Copyright © 2010 John Wiley & Sons, Ltd.

Suggested Citation

  • Andrew Martin Fischer, 2010. "Is China turning Latin? China's balancing act between power and dependence in the lead up to global crisis," Journal of International Development, John Wiley & Sons, Ltd., vol. 22(6), pages 739-757.
    • Handle: RePEc:wly:jintdv:v:22:y:2010:i:6:p:739-757
    DOI: 10.1002/jid.1727
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    References listed on IDEAS

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    Cited by:

    1. Thomas Palley, 2023. "Theorizing Varieties of Capitalism: economics and the fallacy that 'there is no alternative (TINA)'," Chapters, in: Thomas Palley & Esteban Pérez Caldentey & Matías Vernengo (ed.), Varieties of Capitalism, chapter 1, pages 1-38, Edward Elgar Publishing.
    2. James Copestake, 2010. "The global financial crisis of 2008-2009: an opportunity for development studies?," Journal of International Development, John Wiley & Sons, Ltd., vol. 22(6), pages 699-713.
    3. Fischer, A.M., 2016. "Aid and the symbiosis of global redistribution and development: Comparative historical lessons from two icons of development studies," ISS Working Papers - General Series 618, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    4. Yongjun Zhao, 2013. "China–Africa development cooperation in the rural sector: an exploration of land tenure and investments linkages for sustainable resource use," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 15(2), pages 355-366, April.
    5. Fischer, A.M., 2017. "Dilemmas of externally financing domestic expenditures: Rethinking the political economy of aid and social protection through the monetary transformation dilemma," ISS Working Papers - General Series 629, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    6. Dic Lo, 2010. "China and World Development beyond the Crisis," Working Papers 167, Department of Economics, SOAS University of London, UK.

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