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Playing Our Game: Why China's Rise Doesn't Threaten the West

Author

Listed:
  • Steinfeld, Edward

    (the Massachusettes Institute of Technology)

Abstract

Conventional wisdom holds that China's burgeoning economic power has reduced the United States to little more than a customer and borrower of Beijing. The rise of China, many feel, necessarily means the decline of the West - the United States in particular. Not so, writes Edward Steinfeld. If anything, China's economic emergence is good for America. In this fascinating new book, Steinfeld asserts that China's growth is fortifying American commercial supremacy, because (as the title says) China is playing our game. By seeking to realize its dream of modernization by integrating itself into the Western economic order, China is playing by our rules, reinforcing the dominance of our companies and regulatory institutions. The impact of the outside world has been largely beneficial to China's development, but also enormously disruptive. China has in many ways handed over - outsourced - the remaking of its domestic economy and domestic institutions to foreign companies and foreign rule-making authorities. For Chinese companies now, participation in global production also means obedience to foreign rules. At the same time, even as these companies assemble products for export to the West, the most valuable components for those products come from the West. America's share of global manufacturing, by value, has actually increased since 1990. Within China, the R&D centers established by Western companies attract the country's best scientists and engineers, and harness that talent to global, rather than indigenous Chinese, innovation efforts. In many ways, both Chinese and American society are benefiting as a result. That said, the pressures on China are intense. China is modeling its economy on the United States, with vast consequences in a country with a small fraction of America's per-capita income and scarcely any social safety net. Walmartization is not something that Asian manufacturing power is doing to us; rather, it is how we are transforming China. From outsourcing to energy, Steinfeld overturns the conventional wisdom in this incisive and richly researched account.

Suggested Citation

  • Steinfeld, Edward, 2010. "Playing Our Game: Why China's Rise Doesn't Threaten the West," OUP Catalogue, Oxford University Press, number 9780195390650, Decembrie.
  • Handle: RePEc:oxp:obooks:9780195390650
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    Cited by:

    1. Benjamin van Rooij & Rachel E. Stern & Kathinka Fürst, 2016. "The authoritarian logic of regulatory pluralism: Understanding China's new environmental actors," Regulation & Governance, John Wiley & Sons, vol. 10(1), pages 3-13, March.
    2. Wendy Dobson, 2011. "History Matters: China and Global Governance," Working Papers id:4515, eSocialSciences.
    3. Yi Liu, 2017. "The dynamics of local upgrading in globalizing latecomer regions: a geographical analysis," Regional Studies, Taylor & Francis Journals, vol. 51(6), pages 880-893, June.
    4. Douglas A. Schuler & Wei Shi & Robert E. Hoskisson & Tao Chen, 2017. "Windfalls of emperors' sojourns: Stock market reactions to Chinese firms hosting high-ranking government officials," Strategic Management Journal, Wiley Blackwell, vol. 38(8), pages 1668-1687, August.
    5. Stephan Haggard, 2014. "Liberal Pessimism: International Relations Theory and the Emerging Powers," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 1(1), pages 1-17, January.
    6. Iris Claus & Les Oxley & Peilei Fan, 2014. "Innovation In China," Journal of Economic Surveys, Wiley Blackwell, vol. 28(4), pages 725-745, September.
    7. Hasanat Shah, Syed & Li, Jun Jiang & Li, Wang, 2013. "The Rise of China and India---remaking of the New World Order," MPRA Paper 52574, University Library of Munich, Germany.
    8. An-Chi Tung & Henry Wan, 2012. "Contract Manufacturing In Late Industrialization," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 57(04), pages 1-15.
    9. Henry Wan, 2012. "American Trade Deficits Overall And With China: The Twin Effects Of Technological Revolution And Global Value Chains," China Economic Policy Review (CEPR), World Scientific Publishing Co. Pte. Ltd., vol. 1(01), pages 1-18.
    10. Mark Beeson & Fujian Li, 2016. "China's Place in Regional and Global Governance: A New World Comes Into View," Global Policy, London School of Economics and Political Science, vol. 7(4), pages 491-499, November.
    11. Liou, Chih-shian, 2014. "Rent-seeking at Home, Capturing Market Share Abroad: The Domestic Determinants of the Transnationalization of China State Construction Engineering Corporation," World Development, Elsevier, vol. 54(C), pages 220-231.
    12. Benjamin Van Rooij & Gerald E. Fryxell & Carlos Wing‐Hung Lo & Wei Wang, 2013. "From support to pressure: The dynamics of social and governmental influences on environmental law enforcement in Guangzhou City, China," Regulation & Governance, John Wiley & Sons, vol. 7(3), pages 321-347, September.
    13. Elizabeth Nugent & Tarek Masoud & Amaney A. Jamal, 2018. "Arab Responses to Western Hegemony," Journal of Conflict Resolution, Peace Science Society (International), vol. 62(2), pages 254-288, February.
    14. Dallas, Mark P., 2014. "Manufacturing Paradoxes: Foreign Ownership, Governance, and Value Chains in China’s Light Industries," World Development, Elsevier, vol. 57(C), pages 47-62.
    15. Liu, Hengwei & Liang, Dapeng, 2013. "A review of clean energy innovation and technology transfer in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 18(C), pages 486-498.

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