Although not responsible for any of the views expressed herein, this article benefited from many exchanges with Kari Polanyi Levitt and Mary Zsamboky. Much thanks is also due for feedback over the last two years from: James Galbraith, Jayati Ghosh, Charles Gore, Arjan de Haan, Jan Kregel, Howard Nicholas, James Putzel, Ken Shadlen, Geoff Tily, Zhu Ling and two anonymous reviewers. I am also indebted to the lasting influence of Athar Hussain and Tom Naylor.
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Special Issue Article
Is China turning Latin? China's balancing act between power and dependence in the lead up to global crisis
Article first published online: 19 JUL 2010
DOI: 10.1002/jid.1727
Copyright © 2010 John Wiley & Sons, Ltd.
Issue
1099-1328/asset/cover.gif?v=1&s=fd413a4d60b54785477481c87152296ee1c95e79 "Journal of International Development")
Journal of International Development
Special Issue: Development Studies Association Conference 2009 "Current Crises and New Opportunities": The Global Financial Crisis of 2008-2009: An Opportunity for Development?
Volume 22, Issue 6, pages 739–757, August 2010
Additional Information
How to Cite
Fischer, A. M. (2010), Is China turning Latin? China's balancing act between power and dependence in the lead up to global crisis. J. Int. Dev., 22: 739–757. doi: 10.1002/jid.1727
Publication History
- Issue published online: 19 JUL 2010
- Article first published online: 19 JUL 2010
- Abstract
- Article
- References
- Cited By
Keywords:
- China;
- global imbalances;
- balance of payments;
- late industrialisation;
- international production networks;
- transnational corporations;
- structuralism
Abstract
China's apparent escape from the external constraints of peripheral late industrialisation in the build up to the global economic crisis of 2007–2009 has been recent and remains tenuous. Before its spectacular trade surpluses of the 2000s, China's external accounts reflected many of these constraints. Even in the midst of the surplus surge, external vulnerabilities of a peripheral nature have persisted. Besides the issue of export dependence, which is the conventional focus of most crisis-related studies on China, vulnerabilities have been more profoundly related to the dominance of foreign ownership in China's export sector and to the relatively subordinate position of this export sector within the massive rerouting of international production networks via China that followed the East Asian crisis, in large part led by Northern transnational corporations. Copyright © 2010 John Wiley & Sons, Ltd.