China challenges global capitalism

Vivoda, Vlado (2009) China challenges global capitalism. Australian Journal of International Affairs, 63 1: 22-40. doi:10.1080/10357710802348302

Author Vivoda, Vlado
Title China challenges global capitalism
Journal name Australian Journal of International Affairs   Check publisher's open access policy
ISSN 1035-7718
Publication date 2009
Sub-type Article (original research)
DOI 10.1080/10357710802348302
Open Access Status
Volume 63
Issue 1
Start page 22
End page 40
Total pages 19
Place of publication Melbourne, VIC, Australia
Publisher Routledge
Language eng
Abstract 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.
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Non-UQ

Document type: Journal Article
Sub-type: Article (original research)
Collection: Centre for Social Responsibility in Mining Publications
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Citation counts: TR Web of Science Citation Count  Cited 5 times in Thomson Reuters Web of Science Article | Citations
Scopus Citation Count Cited 9 times in Scopus Article | Citations
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