China And The International Political Economy

2613 words - 10 pages

In depicting the International Political Economy, Susan Strange, 1988 in her work “States and Markets” portrays it as a concern of social, political and economic arrangements that affect global systems of production, exchange and distribution and the mix of values reflected therein. International Political Economy is defined as the interplay of economics and politics in world affairs. A dynamic and pivotal force within the global political economy which shows a definite interplay between politics and economics is the country of China; a country whose political system is primarily that of a communist state. Although this is so and has some hardnosed ruling, China has been able to be an example of a country whose has the ability to take over the world and not from a political position but as a super power in business relations alike. In view of this fact that one cannot look away and not draw reference to that of September 15, 2008, where the entire world has had to face the effects of the global economic crisis and as such many nations have had difficulties since then in regards. It has become such a strain on so many nations but one country has been able to somewhat curtail the effects of this downturn, that country is China. With its political ruling and methods of conducting business it has been able to fight through this period, even so much better than its pitfalls in the Asian crisis of 1997 has created a system where they have opened trading with countries around the world. This has changed its perception and has opened its doors as its means of business and economic and political control have been altered.
In respect to this essay, this research will look at China in the global political economy and the political perspectives will be used, the economic nationalist approach and the liberal approach with reference to certain merits and demerits of both approaches will show they are associated with China in the study of the International Political Economy.
More so known and the People’s Republic of China, was once a complete an individualized country and has come a long way in its political structure from a solely communist state to one which places itself as a major competitor in the global market to one that can be called a merging of both an industrialized, free market, communist state. With its main focus on the production of goods and services and import export transactions with the world, China from the dynasties of Mao (1950’s) to its present ruling of state by President Hu Jinato plays an intricate part in the development of its country as well as increasing trading practices with the rest of the world. Even in its communist regime China has been able to make a name for itself as it is seen as state for which many countries would like to conduct business with. One can also make mention as the years have gone by that at present China is ranked as the second most influential trading state, second only to the...

Find Another Essay On China and the International Political Economy

A brief summary of the Liberal approach to international political economy.

1828 words - 7 pages must stop to wonder whether those adherents of Liberal doctrines really understand the history behind and application of their own theory. In today's world of Liberal buzz-words like, "globalization" and "free trade" it is the task of the observer as well as the adherent to cut through the jargon and arrive at the root of the discussion - Liberal economic theory and its role in the international political economy of the 21st century. The

The Economy of China. Essay

764 words - 3 pages Salient Features:Economic system in transition, cautiously moving away from Soviet-style central planning and gradually adopting market economy mechanisms and reduced government role. Industry, largely based on state and collective ownership, marked by increasing technological advancements and productivity. China's people's communes (see Glossary) eliminated by 1984--after more than twenty-five years--and responsibility system (see Glossary) of

Political Economy And Democracy

2602 words - 10 pages political direction." This whole idea of a free market however has never been true. The government has always been intertwined with the market economy, because without government there would be no enforcement of rules, a form of currency, enforcement of contracts, or a protective political order. The American Political Economy, known as the balance between public and private powers, is creating heavy inequalities for the current and future

China, Japan, Southeast Asia and the Global Economy

2460 words - 10 pages , was significantly affected by the influx of silver into its domestic economy. Atwell (1986) has argued that American silver had an important role in the political and commercial evolution of China. Indeed, Atwell (1982, p. 85, in Lee, 1999, p. 16) has pointed out that without the infusion of silver from abroad, China’s money supply could have acutely contracted as a result of burgeoning domestic demand. But China had effectively surrendered

Trade in China and the Success of its Economy

5048 words - 20 pages Trade in China and the Success of its Economy China has come to the forefront of the international finance scene following the East Asian financial crisis for two reasons. First, the post reform Chinese economy closely resembles the other East Asian countries. China experienced significant levels of growth led by exports, with a rapid expansion in labor-intensive exports in its early stage of development. Rapid growth was accompanied by a

The Environment and Economy: An Emerging Balance in China

1286 words - 5 pages the economy with environmental preservation, which may ultimately lead to increased development through sustainable policy. When Mao Zedong first rose to power, the notion of economic growth over environmental protection was instilled in the nation. Moreover, nature was perceived as “an enemy to be vanquished, not an ally to be cultivated”, and this philosophy was later espoused by Deng Xiaoping (11). In his work, What Does China Think, Mark

The Environment and Economy: An Emerging Balance in China

2557 words - 10 pages the economy with environmental preservation, which may ultimately lead to increased development through sustainable policy. When Mao Zedong first rose to power, the notion of economic growth over environmental protection was instilled in the nation. Moreover, nature was perceived as “an enemy to be vanquished, not an ally to be cultivated”, and this philosophy was later espoused by Deng Xiaoping (11). In his work, What Does China Think, Mark

Australia: Health Care System, Political status, and the Economy

1218 words - 5 pages nurses from various other countries. The differences in clinical skills and technical abilities in nursing practice of the Australia nurses was noted in a study of nurses from various countries, including China, South Africa, Japan, Sweden, and Philippines. The study published by Smith, Fisher, & Mercer (2011) focused on these differences and the subsequent adapting that takes place in society and cultural with regards to nursing care. The nurses from

The Political Economy of Globalization

1180 words - 5 pages Globalization exists when neither distance nor international boundaries obstruct economic transactions. Furthermore, globalization increases political relations among a wide variety of people and nations. Globalization, according to L. Mosley “disregards political boundaries” (Mosely, 2007, p. 107); it establishes a sense of openness and acceptance throughout corresponding countries. In “The Political Economy of Globalization”, Layna Mosely

County Analysis: Sweden and Its Political Economy

723 words - 3 pages Compared to other nations in this world, economically, Sweden is in fact one of the wealthiest nations in the world. This nation is one of the wealthiest nations in this world is because of its peace and neutrality, high tech capitalism and general welfare benefits. Sweden’s political economy can be broken down by its political economic system (Social Democracy), economic regulation, outcome, and regime type. Other factors such as why Sweden

An Analysis of the theories of Neoclassical and Political Economy and the practicality of each.

1547 words - 6 pages we do and think. To explain these phenomena, there are two main theories: Neoclassical, and Political Economy.The Neoclassical approach is based on how goods and services are exchanged, and that relationship with supply and demand. Neoclassicism defines a successful market as one with many buyers and sellers, thereby creating competition. The idea being that with sufficient competition the economy will be controlled by market forces, which in

Similar Essays

The Political Economy In International Trade

885 words - 4 pages The Political Economy in International trade focuses on understanding the many causes of economic growth in developing and transition economies, the different role of international trade in increasing economic welfare around the globe, and the many different impacts of the international financial system on the global economy. As we take a look at the United States and Poland different economic systems and understand how these two countries are

The Role Of Imf In The International And National Political Economy Of Nigeria And Cameroon

2435 words - 10 pages The Role of IMF in the International and National Political Economy of Nigeria and Cameroon The financial system in the international scale has been very impressive in the struggle to develop the economy of the world. With the integration of the economy of the world through Foreign Direct Investment (FDI) to interfere in the activities of an economy has been imperative among others (Havnewk, 1997). Overtime the idea that richer countries taking

Imf And Its Role In International Political Economy

3282 words - 13 pages IMF and its Role in International Political Economy Political economy is not a new word for us because of the close relationships between politics and the economy. The development in politics is due to the development in society and the development in society is mostly driven by the economy. The parallel existence and mutual interaction of ‘state’ and ‘market

Economics, Politics And (International) Political Economy: The Need For A Balanced Diet In An Era Of Globalisation

6749 words - 27 pages interaction between economics and political science,( n3) is a rethink of this intellectual apartheid taking place?Over the last few years scholars of 'mainstream' political science--I cannot resist pointing out--have belatedly begun to recognise what contemporary students of international political economy had taken for granted for three decades: politics and economics are not separable analytical categories.( n4) And in pockets of the economics