The Price of China's Economic Development: Power, Capital, by Zhaohui Hong

By Zhaohui Hong

The People's Republic of China has skilled major adjustments when you consider that Deng Xiaoping instituted financial reforms in 1978. next leaders persisted and sometimes broadened Deng's regulations, transferring the kingdom from agrarianism to industrialism, from isolation to internationalism, and from centralized making plans to market-based economics. because the global strives to appreciate the nation's swift improvement, few observers have comprehensively tested the social and cultural rate of the industrial increase for almost all of the Chinese

Zhaohui Hong assesses the sociocultural effects of those reforms during this provocative research. He contends that smooth China services as an oligarchy or plutocracy governed via an alliance of political strength and personal capital the place the bounds among the non-public and public sectors are continually transferring. This "power-capital institution" in line with 3 millennia of Confucian ideology and many years of Maoist communism routines monopolistic keep watch over of public assets on the rate of civil society and social justice for almost all of citizens.

The cost of China's financial improvement urges policymakers to change their analytic lens. whereas business and advertisement improvement is quantitatively measured, Hong argues that social growth can be assessed qualitatively, with justice its final objective and reasonable allocation of assets and chance because the major index of luck. This refined research introduces English audio system to the various and critical paintings of latest chinese language students and considerably enriches the overseas discussion.

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Extra resources for The Price of China's Economic Development: Power, Capital, and the Poverty of Rights (Asia in the New Millennium)

Sample text

His central thesis is that economic capital can be translated into capital of qualification and social capital (and vice versa). As far as I am aware, Bourdieu does not refer to the concept of ‘legitimatory capital’, which I introduce here in relation to the meta-power game between the state, capital and civil society movements. In the case of legitimatory capital, the principle opposite to that of Bourdieu’s theory applies, namely the non-convertibility of economic capital into legitimatory capital.

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