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- W2039013566 abstract "Most economists continue to celebrate China as one of the most successful developing countries in modern times. We, however, are highly critical of the Chinese growth experience. China's growth has been driven by the intensified exploitation of the country's farmers and workers, who have been systematically dispossessed through the break-up of the communes, the resultant collapse of health and education services, and massive state-enterprise layoffs, to name just the most important reforms. With resources increasingly being restructured in and by transnational corporations largely for the purpose of satisfying external market demands, China's foreign-driven, export-led growth strategy has undermined the state's capacity to plan and direct economic activity. Moreover, in a world of competitive struggle among countries for both foreign direct investment and export markets, China's gains have been organically linked to development setbacks in other countries. Finally, China's growth has become increasingly dependent not only on foreign capital but also on the unsustainable trade deficits of the United States. In short, the accumulation dynamics underlying China's growth are generating serious national and international imbalances that are bound to require correction at considerable social cost for working people in China and the rest of the world.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website." @default.
- W2039013566 created "2016-06-24" @default.
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- W2039013566 date "2007-05-02" @default.
- W2039013566 modified "2023-10-16" @default.
- W2039013566 title "China, Capitalist Accumulation, and Labor" @default.
- W2039013566 doi "https://doi.org/10.14452/mr-059-01-2007-05_2" @default.
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