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Redefining Capitalism in Global Economic Development
Rethinks capitalism in the era of economic globalization
Kui-Wai Li (Author)
9780128041819, Elsevier Science
Paperback, published 2 June 2017
476 pages
27.6 x 21.5 x 3 cm, 0.45 kg
"This book is a tour de force. Through a fine combination of theory and empirical analysis, it provides a penetrating analysis of the evolving role of capitalism in shaping the global economic order. The book will be of interest to practitioners and scholars alike in understanding world political-economic events and issues." --Prema-chandra Athukorala, Australian National University and Manchester University, UK
Redefining Capitalism in Global Economic Development reconsiders capitalism by taking into account the unfolding forces of economic globalization, especially in Asian economies. It explores the economic implications and consequences of recent financial crises, terrorism, ultra-low interest rates that are decades-long, debt-prone countries and countries with large trade surpluses. The book illuminates these economic implications and consequences through a framework of capitalist ideologies and concepts, recognizing that Asia is redefining capitalism today. The author, Li, seeks not to describe why nations fail, but how the sustainability of capitalism can save the world.
Section I Capitalism: Theories, Concepts and Behavior 1. The Individual 2. Inequality, Poverty, and Opportunity 3. Role of Government 4. Conceptual Differences between Economics, Welfare, and Politics 5. Capitalism and Socialism: Sustainability versus Popularity 6. Economic Relativity: The Ultimate of Capitalism? Section II The Global Economy: Performance, Classification and Challenges: The World Divided7. The Top Ten World Economies8. The Five Groups of World Economies9. The 2008 Crisis: The World’s Turning Point?10. Perfecting Capitalism 11. Canada: Becoming a Model Economy? Section III Capitalist Development: Asian Style12. The Japan Economy: Successes and Challenges13. East Asia: Flying Geese against Wind Current?14. The Late Comers: ASEAN and China15. The Political Economy Debates Section IV The Frontier of Capitalism: China versus Hong Kong16. Sun’s Three Principles, and Three Mistakes17. The China Economy: The Missing Links18. The Hong Kong Economy: The Pivot of China?19. The Battle of Capitalism: Hong Kong Post-1997 Section V Conclusion20. Why Nations Succeeded?21. How Can Capitalist Economies Save the World?
Subject Areas: Banking [KFFK], Finance [KFF], Macroeconomics [KCB]
