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After the WTO: Rise or New Dependency?

In: China's Rise in the Age of Globalization

Author

Listed:
  • Jianyong Yue

    (London School of Economics and Political Science)

Abstract

Globalization has had a twofold effect on China’s economic development after its WTO entry, by stimulating a Ricardian growth miracle but inhibiting China’s catching up. “Growth without development,” which characterizes China’s model of development, did not make China another Germany or Germany, but rather reinforced its dependent development. China’s peaceful rise rhetoric precisely highlighted its developmental quagmire in the age of globalization, and hence its inability to challenge the “fundamental order of the international system.” The unholy alliance between Chinese crony capitalism and global capitalism, nonetheless, has made any effort of the regime to seek an “alternative” extremely difficult.

Suggested Citation

  • Jianyong Yue, 2018. "After the WTO: Rise or New Dependency?," Palgrave Studies in Economic History, in: China's Rise in the Age of Globalization, chapter 7, pages 271-331, Palgrave Macmillan.
  • Handle: RePEc:pal:palscp:978-3-319-63997-0_7
    DOI: 10.1007/978-3-319-63997-0_7
    as

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