000			01725nam a22001577a 4500
999			_c519091 _d519091
008			220127b ||||| |||| 00| 0 eng d
100			_aLiu, Mingtang and Tsai, Kellee S. _931985
245			_aStructural power, hegemony, and state capitalism: Limits to china’s global economic power
260			_aPolitics and Society
300			_a49(2), Jun, 2021: p.235-268
520			_aA comparative historical perspective shows how globalization and the specificities of China’s rapid growth era limit its hegemonic potential in the twenty-first century global economy. Although state capitalism and openness to foreign capital facilitated China’s economic transformation, interactions among three forms of capital—state, private, and foreign—have produced developmental dynamics that constrain China’s capacity to assume the position of the world’s economic hegemon. These include (1) the compromised competitiveness of China’s corporate sector due to the domination of state-owned enterprises, (2) limits on the ability of Chinese firms to develop leading transnational corporations, and (3) early openness to and continued dependence on foreign capital. Moreover, the party-state’s efforts to ameliorate these constraints arouse external suspicion rather than support a Chinese-led hegemonic order based on consent and shared interests. These historically conditioned realities should temper expectations that China is converging teleologically toward a familiar hegemonic role in the international economy. – Reproduced
650			_aChina, Hegemony, Globalization, State capitalism, Structural power _929317
773			_aPolitics and Society
906			_aECONOMIC DEVELOPMENT - CHINA
942			_cAR