China's post-Listian rise: beyond radical globalisation theory and the political economy of neoliberal hegemony

Strange, Gerry/Gerard (2011) China's post-Listian rise: beyond radical globalisation theory and the political economy of neoliberal hegemony. New Political Economy, 16 (5). pp. 539-559. ISSN 1356-3467

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China's Post-Listian Rise: Beyond Radical Globalisation Theory and the Political Economy of Neoliberal Hegemony
While China’s rise has been much discussed, its meaning continues to be contested. This is true in radical international political economy, where, for example, it was the subject of (often polarised) debates between Giovanni Arrighi and David Harvey prior to Arrighi’s death in 2009. This reflected a broader debate in IPE between development theory and radical globalisation analysis. The key point of contention is whether China’s rise represents a challenge to or further consolidation of neoliberal hegemony on a global scale. This article critically scrutinises some of the key assumptions of the radical globalisation approach, specifically, that China represents another form of the ‘competition state’ whose development aspirations have been radically constrained by global ‘new constitutionalism’ and American monetary power so as to conform to neoliberalism. Deploying a structurationist approach to global governance and an eclectic/regulatory analysis of the Chinese state, I argue that China has challenged neoliberalism by projecting its growing power through constitutionalised global governance. In the face of (declining) American power, global constitutionalism has provided an opportunity structure that may help China consolidate its long-term strategy of consensual development. Far from anchoring ‘neoliberal hegemony’, global economic governance is increasingly central to its unravelling.
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Abstract

While China’s rise has been much discussed, its meaning continues to be contested. This is true in radical international political economy, where, for example, it was the subject of (often polarised) debates between Giovanni
Arrighi and David Harvey prior to Arrighi’s death in 2009. This reflected a broader debate in IPE between development theory and radical globalisation analysis. The key point of contention is whether China’s rise represents a challenge
to or further consolidation of neoliberal hegemony on a global scale. This article critically scrutinises some of the key assumptions of the radical globalisation approach, specifically, that China represents another form of the ‘competition state’ whose development aspirations have been radically constrained by global ‘new constitutionalism’ and American monetary power so as to conform to neoliberalism. Deploying a structurationist approach to global governance and an eclectic/regulatory analysis of the Chinese state, I argue that China has challenged neoliberalism by projecting its growing power through constitutionalised global governance. In the face of (declining) American power, global constitutionalism
has provided an opportunity structure that may help China consolidate its long-term strategy of consensual development. Far from anchoring ‘neoliberal hegemony’, global economic governance is increasingly central to its unravelling.

Item Type:Article
Keywords:globalisation, governance, development, regulatory state, structuration
Subjects:L Social studies > L200 Politics
L Social studies > L100 Economics
L Social studies > L150 Political Economics
Divisions:College of Social Science > School of Social & Political Sciences
ID Code:4388
Deposited By: Gerry Strange
Deposited On:12 Apr 2011 09:00
Last Modified:04 Dec 2013 21:29

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