China challenges global capitalism

Vivoda, Vlado 2009, China challenges global capitalism, Australian Journal of International Affairs, vol. 63, no. 1, pp. 22-40, doi: 10.1080/10357710802348302.

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Title China challenges global capitalism
Author(s) Vivoda, VladoORCID iD for Vivoda, Vlado
Journal name Australian Journal of International Affairs
Volume number 63
Issue number 1
Start page 22
End page 40
Total pages 19
Publisher Taylor and Francis
Publication date 2009-03-24
ISSN 1035-7718
Keyword(s) Social Sciences
International Relations
Summary This paper establishes a novel understanding of the nature and implications of China's rise. By borrowing Robert Gilpin's concept of sub-optimisation, it is argued that China is the most prominent player in a non-Western subgroup's suboptimisation strategy, which undermines the Western-dominated neoliberal capitalist system, or the Washington Consensus, and liberal democratic values, taken as gospel by Western economists, governments and industry for the past 30 years. While China and other non-Western states are a part of this system, a consequence of their actions within the system, and particularly in the international energy markets, is that they are increasing their relative gains at the expense of the larger group. China-led subgroup's suboptimisation strategy may result in direct competition between the predominant neoliberal Western paradigm, which is synonymous with globalisation, and which has entered into a structural crisis, and the emerging non-Western economic and political capitalist model.
Language eng
DOI 10.1080/10357710802348302
Indigenous content off
Field of Research 1605 Policy and Administration
1606 Political Science
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Document type: Journal Article
Collections: Faculty of Arts and Education
School of Humanities and Social Sciences
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