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News :: Education : Globalization : International
book review: China's global reach
27 Feb 2006
book review: China's global reach: markets, multinationals, and globalization
What’s between China’s Growth and Global Development?
Paul Close

Book review: China’s Global Reach: Markets, Multinationals, and Globalization
Author: George Zhibin Gu; with an Afterword by Andre Gunder Frank; Trafford; Sept 2005; 256p

Why has China’s growth involved the entire world in this era? Furthermore, why has the global community actively participated in China’s development? An even bigger issue is what is going to happen next in global development because of China’s fast-development? These issues are worthy of serious studies.

A new book, China’s Global Reach: Markets, Multinationals and Globalization, gives some answers. Its author Dr. George Zhibin Gu, a journalist and business consultant based in China, has had direct experience of cross-border economic and business activities in between China and the outside world. His education and work experience covers both China and the West. His personal experiences are employed in the book whenever suitable.

Dr. Gu’s book is a timely and impressive contribution to the study, analysis and understanding of relationships between major political economies at the local, regional and global levels. One of the book’s strengths lies in that key considerations, factors and forces have been identified and are used to make sense of China’s recent progress as an up-coming superpower during a time of increased globalization.

The book argues that China’s quick growth in this era comes from several fundamental factors:

First, China has departed firmly from the past isolation and willingly become an active participant in the global economy. This has directly promoted a significant flow of foreign capital into China and its resulting sharp increase in trade. It is a hugely development that China has become a top three trading nation and its trade reached over $1.4 trillion as in 2005.

Second, private sector has become a new force in the Chinese economy and society. This private initiative has been directly responsible for a fast growth. In fact, the state sector has been reduced to about one third in Mao era. This dynamic private sector is bound to move China into a new direction.

Third, an expanded economic sphere has further promoted major changes in all aspects of the Chinese society. As a result, a more liberalized society has helped to make the economy more dynamic and open. These new factors stand behind China's fast development.

At the same time, author argues that China’s development remains at the early stage. There are tasks to perform. The most pressing issue China confronts is to turn a government-dominated society and economy into a modern, law based one. For this, there is neither alternative nor shortcut.

The book has four main sections:

1. China as a New Global Theater;
2. China’s New International Experience;
3. China’s Reform at Home; and
4. Globalization in the Light of History.

The material is intelligently chosen, informatively delivered, and well organised. The book is a compact, insightful, contribution to our evolving knowledge about, understanding of and debates surrounding a range of cutting edge issues of interest to a wide range of observers, scholars and practitioners.

The book’s sub-title, Markets, Multinationals, and Globalization, pinpoints the focus of the analysis around which the book unfolds, but its relevance is far wider in scope. The author is to be congratulated for the well-researched evidence on which he has drawn, and moreover for the way he has put this data to excellent use in building his overall, highly convincing argument.

One especially notable feature of the analysis is the use of comparison, such as that entailing China, the USA, Europe, Japan, South Korea, and India. The emerging competition between China and India in Asia and beyond is fascinating and full of promise, and this book adds greatly to our awareness of what precisely is taking place and may well yet take place in the future.

Of particular value is book’s final chapter on ‘How Does China Achieve Sustained Growth?’ due primarily to the way in which the ‘new model’ in this regard is examined and elucidated. The book achieves its main aim, centered as this is on clarifying China’s recent, astonishing economic growth in the context of the all-embracing processes and flows associated with globalization, while occasionally touching on various concurrent and intimately linked political and cultural matters.

Every now and again, everyone comes across an especially worthwhile account of relevance to the issues of either globalization or China, and Dr. Gu’s book is one of these, but with the added bonus of being about the rapidly changing and highly important relationship between the two. In particular, it offers comprehensive studies of both Chinese and global multinationals and their ever-increasing impacts on global development.

The book is packed to the brim with valuable information, analysis and argument which apart from being of technical interest to, also will frequently excites the reader of whatever kind, discipline or persuasion. Dr. Gu’s message on the progress of China in relation to and at the forefront of global patterns, processes and trends will leave the reader much the wiser. The reader will come away convinced about the major part that China is on the road to playing in the emerging globalized world, and so in all our lives, whether at work, rest or play. Quite simply, Dr. Gu’s book is a pleasure to read, and should be on all bookshelves.

Paul Close, Ph.D., is a scholar at the Centre for the Study of Globalization and Regionalization (CSGR), University of Warwick, UK, and has co-authored Asia Pacific and Human Rights: A Global Political Economy Perspective (Ashgate, 2004), as well as The Beijing Olympiad: The Political Economy of a Sporting Mega-Event, to be published by Routledge during 2006.

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Re: China is NOT Capitalist.....
27 Feb 2006
People all over the world, and in China, debate whether China is socialist, or capitalist. The bulk of China's heavy industry is still state controlled and not owned by Capitalists. That is a threat to Capitalists everywhere. That's why the US and other Imperialists want to see a counter-revolution in China to bring back capitalism.

The Stalinist bureaucracy is incapable of a cold, gradual restoration of capitalism from above. A capitalist counterrevolution in China would be accompanied by the collapse of Stalinist bonapartism and the political fracturing of the ruling Communist Party.

What would emerge from the collapse of a Stalinist bonapartist regime, capitalist restoration or proletarian political revolution, would depend on the outcome of the struggle of counterposed forces.

The Stalinists/Maoists who misrule China would not know a Workers Democracy if they saw one. Communism is supposed to be workers control of society, not parasites who sit at the top and dictate.

China needs a real Communist party like the one Lenin and Trotsky led in Russia. The Stalinist/Maoist misrulers of China do not believe in workers revolution. Mao made deals with US Imperialism against Vietnam as communist soldiers defeated the US army on the ground. Stalinist/Maoists organize nothing but betrayals.

What happens in China is not a foregone conclusion. It will be determined through social struggle