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Full-Text Articles in Business
The Cost Of Urbanization: A Look Into The Transformation Of Mao Era Reforms, Tieren A. Dokes
The Cost Of Urbanization: A Look Into The Transformation Of Mao Era Reforms, Tieren A. Dokes
Master's Projects and Capstones
Mao Zedong has played an influential role in Chinese society, whether for better or for worse. His policies have caused ripples throughout contemporary Chinese society, but nothing stronger than his desire for urbanization and economic land reform. Utilizing Mao’s drive for urbanization and economic reform as essential historical context, this paper connects how the contemporary governmental push for urbanization has been unyielding, and, in some ways, counterproductive as decade-old Mao-era institutions reverberate in an echo chamber with cracks that allow darker forces to seep in. Real estate and urban development companies and local governments are given monetary incentive to redevelop …
The Globalisation Of Chinese Capital, Ilan Alon
The Globalisation Of Chinese Capital, Ilan Alon
Faculty Publications
The globalisation of Chinese capital will be one of the hallmarks of 21st-century economics, shaping debates over state capitalism, ‘free’ markets and international institutions. China internationalised its product markets and upgraded its manufacturing prowess towards the end of the 20th century by allowing inward foreign direct investment (FDI) and by promoting export trade. This was supported in part by cheap labour, and resulted in growing trade surpluses with key trading partners—particularly the US. Outward FDI was discouraged in order to preserve foreign reserves, and together these policies have helped China accumulate significant amounts of capital, now making it a multi-trillion …