The Belt Road and Beyond

Min Ye

in Cambridge Books from Cambridge University Press

Abstract: From 1998 to 2018, China had three political-economic crises, resulting in bureaucratic paralysis. It was at such junctures that China's leadership launched initiatives, like the Western Development Program, that mobilized state and market actors to expedite globalization and revive economic growth. In The Belt Road and Beyond, Min Ye reevaluates the common tendency to attribute China's Belt and Road to individual leaders' strategic ambitions, using state-mobilized globalization as a comparative framework and investigative tool to understand Chinese capitalism. State-mobilized globalization has helped sustain China's high-growth economy and social-political stability, while also sparking some political backlash. In order to succeed in globalization, the author argues, China's state mobilization must readapt to global circumstances. She sheds light on the tactics China used to spring from a crisis-stricken middle economy to a formidable global power, implicating not only China, but also the world.

Date: 2024
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