The document discusses perspectives on capitalism in China from sociological theorists. It analyzes China's economic transition and development through a sociological lens, examining the role of the state, market, and society. Some key points made include:
- China has developed a "socialist market economy" with the Communist party playing a major role in mobilizing resources and directing economic growth. This has lifted hundreds of millions out of poverty.
- Sociological theorists like Weber, Parsons, Habermas, and Polanyi provide frameworks for understanding the relationship between the economic, political, and social spheres in China's system.
- The state acts as a collective entrepreneur, investing and accumulating capital to drive development while
Management’s only social responsibility is to maximize profits by operating the business in the best interests of the stockholders. WTO
Expending the firm’s resources on doing “social good” unjustifiably increases costs that lower profits to the owners and raises prices to consumers.
Legitimacy maintains political stability because it establishes a regime's right to rule, and so underpins the regime's authority over its people. Legitimacy may be based on traditional, charismatic or legal–rational authority. Nevertheless, structural imbalances in modern society may make it increasingly difficult to maintain legitimacy. Legitimation crises may arise from the conflict between the pressure for social and economic interventionism generated by democracy on the one hand, and the pressure generated by market economy on the other.
There is considerable controversy about how liberal-democratic systems work in practice. Pluralists praise the system's capacity to guarantee popular responsiveness and public accountability. Elitists highlight the tendency for political power to be concentrated in the hands of a privileged minority. Corporatists draw attention to the incorporation of groups into government. The New Right focuses on the dangers of 'democratic overload'. And Marxists point to tensions between democracy and capitalism.There are a number of rival models of democracy, each offering its own version of popular rule. Classical democracy, which is based on the political system of Ancient Athens, is defended on the grounds that it alone guarantees government by the people. Protective democracy gives citizens the greatest scope to live their lives as they choose. Developmental democracy has the virtue that, in extending participation, it widens liberty and fosters personal growth. People's democracy aims to achieve economic emancipation, rather than merely the extension of political rights.
China - Opportunities, Threats, Success and Failuretutor2u
This revision presentation highlights the key opportunities and threats faced by firms outside China looking to do business in and with China. It also provides examples of businesses that have succeeded in China and those that have struggled!
Management’s only social responsibility is to maximize profits by operating the business in the best interests of the stockholders. WTO
Expending the firm’s resources on doing “social good” unjustifiably increases costs that lower profits to the owners and raises prices to consumers.
Legitimacy maintains political stability because it establishes a regime's right to rule, and so underpins the regime's authority over its people. Legitimacy may be based on traditional, charismatic or legal–rational authority. Nevertheless, structural imbalances in modern society may make it increasingly difficult to maintain legitimacy. Legitimation crises may arise from the conflict between the pressure for social and economic interventionism generated by democracy on the one hand, and the pressure generated by market economy on the other.
There is considerable controversy about how liberal-democratic systems work in practice. Pluralists praise the system's capacity to guarantee popular responsiveness and public accountability. Elitists highlight the tendency for political power to be concentrated in the hands of a privileged minority. Corporatists draw attention to the incorporation of groups into government. The New Right focuses on the dangers of 'democratic overload'. And Marxists point to tensions between democracy and capitalism.There are a number of rival models of democracy, each offering its own version of popular rule. Classical democracy, which is based on the political system of Ancient Athens, is defended on the grounds that it alone guarantees government by the people. Protective democracy gives citizens the greatest scope to live their lives as they choose. Developmental democracy has the virtue that, in extending participation, it widens liberty and fosters personal growth. People's democracy aims to achieve economic emancipation, rather than merely the extension of political rights.
China - Opportunities, Threats, Success and Failuretutor2u
This revision presentation highlights the key opportunities and threats faced by firms outside China looking to do business in and with China. It also provides examples of businesses that have succeeded in China and those that have struggled!
This presentation describes the role of governments in entrepreneurship. Some good examples are China Taipei, Red China, Malaysia, Singapore and USA. Governments are traditionally seen as very poor in business management. (I think it still is.) But Taipei and Singapore did very well in its role. To a large extent, Red China and its Central Bank are making direct investments not only in currencies, bonds and financial instruments but directly in commodities and businesses. And we should admire the Chinese officials for their courage and risk taking.
Historical Background of the Municipalities of Bangladesh: An Analysisiosrjce
This paper attempts to focuses on the historical development of local government particularly the
growth of municipality and its administration in Bangladesh. Present arrangement of the local government is
the outcome of gradual evolution of several hundred years. The existence of local government in the Indian
subcontinent dates from approximately 1200 BC. But during the Mughal regime, an immense attention had been
paid to the growth of rural and urban local government institution. Local government in modern sense was,
however, started during the British period.
ChinaThe Third RevolutionXi Jinping and the New Chinese Sta.docxbissacr
China:
The Third Revolution
Xi Jinping and the New Chinese State
Elizabeth Economy
Elizabeth Economy, PhD
Council on Foreign Relations:
C. V. Starr senior fellow
Director for Asia studies
Hoover Institution of Stanford University
Visiting Fellow
She is an acclaimed author and expert on Chinese domestic and foreign policy, writing on topics ranging from China's environmental challenges to its role in global governance.
BA – Swarthmore; MA – Stanford; PhD – University of Michigan
Primary Theses
1. Xi Jinping has steered politics and economics towards repression, state control, and confrontation
Xi Jinping has used his power to reassert dominance of the Communist Party and of his own position within it
As part of the campaign against corruption, he has purged potential rivals
He has executed sweeping reorganization of the People’s Liberation Army to ensure loyalty of the military to the party and to him personally
Mr. Xi has imprisoned supporters of Western liberal reform and stamped out criticism of the party and government in the media and online
He has created a surveillance state to monitor discontent and deviance.
China increasingly controls business as an arm of state power
Made in China 2025 plan uses subsidies and protection to create world leadership in ten industries including aviation, tech & energy
Belt and Road Initiative subsidizes infrastructure development in Asia and Africa in return for Chinese trade agreements
c. Regional production chains or production networks are the mechanism by which China influences Asian economies and integrates itself with the global economy.
Enables higher degree of specialization and integration
Facilitates exploitation of scale and scope economies
Ideologically, Chinese path is captured in the “Chinese Dream”
The Third Revolution
The Rejuvenation of the Great Chinese Nation
Common Factors that Explain Takeoff
Openness to trade and investment – higher than rest of world
Strong Export Demand in advanced industrial economy
Increasing intra-regional trade
High Domestic Savings & Investment Rates
Strengthened physical and digital infrastructure
Improved quality of human capital
Active Government Involvement in Economy
Openness to trade
Share of Asian trade as % total world trade increasing at expense of European and Russian trade
North American trade relatively stable.
China: export partners in 2016, by export value
(in billion yuan)
United States
“…other than trade and FDI (foreign direct investment), regional production chains or production networks became a mechanism by which Asian economies tangibly influenced each other as well as integrated in a market-led manner. As barriers to the movement of goods, services and factors of production are dropped further, Asian economies would integrate more with each other as well as with the global economy.” Das, p. 13
Enables higher degree of specialization and integration
Facilitates .
Socialism with chinese characteristics and global superpower aspirantM S Siddiqui
In a world comprising a diverse array of countries, each with its own complex, dynamic, and evolving system, there can be no one-size-fits-all development path. The Thought builds on and further enriches Marxism-Leninism, Mao Zedong Thought, Deng Xiaoping Theory, the Theory of Three Represents, and the Scientific Outlook on Development. It represents the latest achievement in adapting Marxism to the Chinese context.
This presentation describes the role of governments in entrepreneurship. Some good examples are China Taipei, Red China, Malaysia, Singapore and USA. Governments are traditionally seen as very poor in business management. (I think it still is.) But Taipei and Singapore did very well in its role. To a large extent, Red China and its Central Bank are making direct investments not only in currencies, bonds and financial instruments but directly in commodities and businesses. And we should admire the Chinese officials for their courage and risk taking.
Historical Background of the Municipalities of Bangladesh: An Analysisiosrjce
This paper attempts to focuses on the historical development of local government particularly the
growth of municipality and its administration in Bangladesh. Present arrangement of the local government is
the outcome of gradual evolution of several hundred years. The existence of local government in the Indian
subcontinent dates from approximately 1200 BC. But during the Mughal regime, an immense attention had been
paid to the growth of rural and urban local government institution. Local government in modern sense was,
however, started during the British period.
ChinaThe Third RevolutionXi Jinping and the New Chinese Sta.docxbissacr
China:
The Third Revolution
Xi Jinping and the New Chinese State
Elizabeth Economy
Elizabeth Economy, PhD
Council on Foreign Relations:
C. V. Starr senior fellow
Director for Asia studies
Hoover Institution of Stanford University
Visiting Fellow
She is an acclaimed author and expert on Chinese domestic and foreign policy, writing on topics ranging from China's environmental challenges to its role in global governance.
BA – Swarthmore; MA – Stanford; PhD – University of Michigan
Primary Theses
1. Xi Jinping has steered politics and economics towards repression, state control, and confrontation
Xi Jinping has used his power to reassert dominance of the Communist Party and of his own position within it
As part of the campaign against corruption, he has purged potential rivals
He has executed sweeping reorganization of the People’s Liberation Army to ensure loyalty of the military to the party and to him personally
Mr. Xi has imprisoned supporters of Western liberal reform and stamped out criticism of the party and government in the media and online
He has created a surveillance state to monitor discontent and deviance.
China increasingly controls business as an arm of state power
Made in China 2025 plan uses subsidies and protection to create world leadership in ten industries including aviation, tech & energy
Belt and Road Initiative subsidizes infrastructure development in Asia and Africa in return for Chinese trade agreements
c. Regional production chains or production networks are the mechanism by which China influences Asian economies and integrates itself with the global economy.
Enables higher degree of specialization and integration
Facilitates exploitation of scale and scope economies
Ideologically, Chinese path is captured in the “Chinese Dream”
The Third Revolution
The Rejuvenation of the Great Chinese Nation
Common Factors that Explain Takeoff
Openness to trade and investment – higher than rest of world
Strong Export Demand in advanced industrial economy
Increasing intra-regional trade
High Domestic Savings & Investment Rates
Strengthened physical and digital infrastructure
Improved quality of human capital
Active Government Involvement in Economy
Openness to trade
Share of Asian trade as % total world trade increasing at expense of European and Russian trade
North American trade relatively stable.
China: export partners in 2016, by export value
(in billion yuan)
United States
“…other than trade and FDI (foreign direct investment), regional production chains or production networks became a mechanism by which Asian economies tangibly influenced each other as well as integrated in a market-led manner. As barriers to the movement of goods, services and factors of production are dropped further, Asian economies would integrate more with each other as well as with the global economy.” Das, p. 13
Enables higher degree of specialization and integration
Facilitates .
Socialism with chinese characteristics and global superpower aspirantM S Siddiqui
In a world comprising a diverse array of countries, each with its own complex, dynamic, and evolving system, there can be no one-size-fits-all development path. The Thought builds on and further enriches Marxism-Leninism, Mao Zedong Thought, Deng Xiaoping Theory, the Theory of Three Represents, and the Scientific Outlook on Development. It represents the latest achievement in adapting Marxism to the Chinese context.
Consreuction Management in Developing Countries; Lecture 1, concepts of development, causes of underdevelopment, commonalities and differences among developing countries
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Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
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6. Three China Stories : White, Red, and Black
The greatest
development
story (Stephen
Roach) :
The China model:
Danger Signs:
•
•
•
•
• Lifted 400
millions from
•
poverty
• Economic growth
•
• Infrastructure
development
•
•
Market authoritarian
One party rule
Major role for state
enterprises
Eclectic approach to
free markets
Growth without political
and economic rights
Performance-based
legitimacy
Town and Village
Enterprises
growing income inequality
– Gini coefficient 0.47
– city dwellers earning 3½
times as rural residents
•
•
•
•
Internal imbalances
(spending vs saving, city
vs rural, growth vs
environment)
External imbalances
(trade surpluses)
Environmental
degradation
Rise in public protests
6
7. Need a Sociological Perspective on
State, Market, and Society in
Transformation ?
7
8. Max Weber’s idea: rational social action based on
“capitalist calculation”
Ethics, laws, knowledge, values,
ideology and cultures and the
institutions for development,
maintenance, and transmission of
them: religion, family, education, and
science
Protestant ethics
evolves into capitalist
spirits
Land
Most people
most of time
behave more
and more as
All individuals with
economic
specific social
actors or even
personalities
entrepreneurs
Social order of market
economy and individual
economic action
Capital, money
Labour
Profit, surplus
value,
resources
allocation
and utilitarian
rationality
Common beliefs
with symbols and
subjective
meanings
Organization, technology
Reproduction of social
structure of economy
All kinds of social relations and informal ties of authority, conflict, trust, confidence and
solidarity constrain actions: State, social classes, status groups, ethnic groups.
9. Talcott Parsons’ idea: shared normative values
integrate the market economy into society
(Economic activities)
(Reproduction and cultural activities)
(Political activiteis)
(Social and regulatory activities)
9
11. Karl Polanyi’s idea: embeddedness and reembeddedness
State
intervention
Market
Economy
Social
relationship
Society
11
12. The political origin of economic
transition in China (1)
• Political goal: developing a system of market economy
constructed and operated by the whole socialist political
structure (central and local governments)
• = “Socialist Market Economy” (SME): Chinese new official
ideology
• Objective of rational action: common wealth and profit
pursued and created by people led by the Party
• Means of economic action:
–
–
–
–
mobilizing abundant cheap labour supply
attracting foreign capital and technology
using huge potential domestic demand as a lever
Guangdong was one step ahead in China (Vogel)
12
13. The political origin of economic
transition in China (2)
• The affinity between SME and Chinese tradition:
1.
2.
3.
4.
The respect of established authority and ethic order : State
gives the green light
Personalism and familism: benefit the self, the relatives, the
closes, etc.
Pragmatism and formalism (face, relation, and affection):
useful and exchangeable
Materialism and economism: the Chinese cherish “make a
fortune” just as the Westerners cherish their freedom (Sun
Yatsen)
• Incrementalism rather than “big bang”:
1.
2.
Temporarily, it solves the problem of political legitimacy by
economic performance (GDP growth rate)
It solves the “social order” problem of communitary shared
value (mechanic solidarity) by market division of labor (organic
solidarity)
13
14. Sources of Chinese Industrial Take-off
1.
2.
3.
4.
5.
6.
7.
A unique system of rapid capital accumulation and mass investment
in fixed assets, whose value is double of the sales of goods in China
each year.
An unlimited supply of rural cheap labor, in the absence of cost of
social protection and job security.
An increase in the supply of skilled hands: thanks to its education
system and culture, during the last 10 years, the number of
university graduates has increased significantly.
Low institutional cost of industrial production: little trade unions, little
environmental protection, little protection of intellectual property,
etc..
Over-20-year continuous investment in large-scale infrastructure
and ecosystems of suppliers of industrial components built for 20
years.
The globalization of industrial production and standardization of
complex technologies: most technical processes have become the
"common knowledge" and the strategic positioning of the Chinese
industry is to use massively the "common knowledge“ to supply the
global value chains held by Western firms.
Finally, purchasing power and consumption demands growth on the
14
domestic market.
15. The State as an Ensemble of Entrepreneurs: Micro Level
(central govt.)
(local govt.)
(consumer)
(wealth owner)
(work unit)
(entrepreneur)
(employed worker)
(unemployed labourer)
Source: Manfred Nitsch and Frank Diebel (2008) 15
16. The State as an Ensemble of Entrepreneurs: Macro Level
Source: ZHAO Wie (2009)
16
17. Capitalism and China
• If capitalism is as what Weber defined, China is definitely yes.
But…
• “Capitalist (Developmental) State”, rather than State Capitalism
– State itself as a collective actor of entrepreneurship to create
business, not just state intervention to regulate market
mechanism.
– State itself as a collective financier and banker to accumulate
foreign exchange and invest in business projects, not just as a
regulator of financial system.
– Strong socialist tradition of economic planning, not just an
emerging developmental state.
– Permanent use of Keynesian macroeconomic measures to
stimulate investment and create long-term expectations of private
entrepreneurs, not just use them shortly for crisis.
– Market competition and cooperation between State and private
firms in doing business, so-called “Guanxi” capitalism, not just
crony capitalism and government monopoly of profit appropriation.
– The State becomes a capitalist: someone owns property and
works for its own profit.
17
18. Economy and China
Pragmatism and contingency: the famous saying of Deng Xiaoping is “It makes no
difference whether a cat is black or white; as long as it catches mice, it is a good cat”.
Private
firm
Free market
capitalism
State
capitalism
Property
rights
owned
by
China
State
firm
Socialist market
economy
Socialist planned
economy
Transaction coordinated by
Market
mechanism
Government
planning
18
19. Chinese Society as a Market Structuring Process
Socioeconomic
status
Percentage of population
Source: LI Qiang (2005)
19
20. Lifeworld Pathologies of China (1): Society Embedded in
Economy
Schooling &
education system
Social security
system
Medical and
health system
Social
stratification
Legal and juridical
system
Family
institution
20
21. Lifeworld Pathologies of China (2): Impacts on Industrial Upgrading
Schooling &
education system
Social security
system
Medical and
health system
Emigration of the
rich and elites
Workers
protests
Social
stratification
Legal and juridical
system
Lack of technical
and industrial
competency
Family institution
Short of labor
Inter-firm
competition
Problem of
successors of
factories
22. Conclusion: We know better China’s society through
its economy
State as a
pragmatic political
calculator
zatio
n
Colo
ni
Contexts:
Chinese
traditions,
sources of
industrialization
s
dnes
edde
Emb
Society as market structuring
process
Market economy as form of
ideology
State as an
entrepreneur and a
capitalist
22