Search Results for red-capitalism

Red Capitalism puts a powerful case that its economy and financial system are not fully equipped to support such aspirations." —Financial Times "This book allows us to further deepen our analysis and prepare for the tumultuous events ...

Author: Carl Walter

Publisher: John Wiley & Sons

ISBN: 9781118255100

Category: Business & Economics

Page: 260

View: 733

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The truth behind the rise of China and whether or not it will be able to maintain it How did China transform itself so quickly? In Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise, Revised Edition Carl Walter and Fraser Howie go deep inside the Chinese financial machine to illuminate the social and political consequences of the unique business model that propelled China to economic powerhouse status, and question whether this rapid ascension really lives up to its reputation. All eyes are on China, but will it really surpass the U.S. as the world's premier global economy? Walter and Howie aren't so certain, and in this revised and updated edition of Red Capitalism they examine whether or not the 21st century really will belong to China. The specter of a powerful China is haunting the U.S. and other countries suffering from economic decline and this book explores China's next move Packed with new statistics and stories based on recent developments, this new edition updates the outlook on China's future with the most cutting-edge information available Find out how China financed its current position of strength and whether it will be able to maintain its astonishing momentum Indispensable reading for anyone looking to understand the limits that China's past development decisions have imposed on its brilliant future, Red Capitalism is an essential resource for anyone considering China's business strategies in today's extremely challenging global economy.
2012-03-06 By Carl Walter

This is not a story of impending collapse, but of frustrated reforms that suggests that any full opening and meaningful reform of the financial sector is not, indeed cannot be, on the government's agenda anytime soon.

Author: Carl E. Walter

Publisher: John Wiley & Sons

ISBN: 9780470828953

Category: Business & Economics

Page: 250

View: 323

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In Red Capitalism, Carl Walter and Fraser Howie detail how the Chinese government reformed and modeled its financial system in the 30 years since it began its policy of engagement with the west. Instead of a stable series of policies producing steady growth, China's financial sector has boomed and gone bust with regularity in each decade. The latest decade is little different. Chinese banks have become objects of political struggle while they totter under balance sheets bloated by the excessive state-directed lending and bond issuance of 2009. Looking forward, the government's response to the global financial crisis has created a banking system the stability of which can be maintained only behind the walls of a non-convertible currency, a myriad of off-balance sheet arrangements with non-public state entities and the strong support of its best borrowers--the politically potent National Champions--who are the greatest beneficiaries of the financial status quo. China's financial system is not a model for the west and, indeed, is not a sustainable arrangement for China itself as it seeks increasingly to assert its influence internationally. This is not a story of impending collapse, but of frustrated reforms that suggests that any full opening and meaningful reform of the financial sector is not, indeed cannot be, on the government's agenda anytime soon.
2011-01-19 By Carl E. Walter

For an extended time, the Chinese resisted the invasion of global capitalism because they considered themselves as living in the centre of the ... Part 2: Development of the Pearl River Delta This page 74 Red Capitalism in South China.

Author: George C.S. Lin

Publisher: UBC Press

ISBN: 9780774841931

Category: Political Science

Page: 232

View: 580

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This book describes the dramatic economic and spatial transformation in China's Pearl River Delta region over the past decade. Reforms introduced by the Chinese government since 1978 were the cause of this transformation. The Pearl River Delta has had the highest recorded rate of economic growth in East Asia and has done so through a pattern of development which differed significantly from that found in other regions of fast growth. George Lin reviews the processes by which this remarkable transformation was achieved and discusses the implications of such change. Red Capitalism in South China looks at theories of regional development and the patterns of spatial and economic restructuring in the Delta, and provides three case studies which focus on the transformation of the peasant economy, transport development, and the influence of Hong Kong.
2011-11-01 By George C.S. Lin

—Fraser JT Howie, co-author, Red Capitalism “Over a decade ago, Walter wrote the definitive text for a generation of China watchers trying to understand the mechanics of China's financial system. His latest offering picks up where Red ...

Author: Carl E. Walter

Publisher: John Wiley & Sons

ISBN: 9781119896173

Category: Political Science

Page: 292

View: 187

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An eye-opening deep dive into the sources and consequences of how China has financed it’s rise to global economic prominence In The Red Dream: The Chinese Communist Party and the Financial Deterioration of China, veteran finance executive Carl Walter uses his unique experience in Chinese finance to deepen his exploration of how the Chinese Communist Party finances its obsession with GDP growth and social control. Overwhelmingly debt-fueled, the party’s financial strategy has driven an unsustainable growth in banking and state enterprise assets. Inevitably the party’s own financial health is being severely weakened and China’s future over the next decades put in doubt. You’ll also find: A discussion of the financial power of local governments and the Ponzi scheme created by their sale of land use rights How China’s entry into the World Trade Organization gave rise to today’s China How the party and China’s regulators enable banks to present outstanding performance metrics An exploration of the party’s financial assets and liabilities since 1979 Examples of financial crisis management and related costs incurred by China and the US A look at Japan’s experience as a potential guide for China future development An essential read for anyone interested in international economics, geopolitics, and finance, The Read Dream will also earn a place in the hands of finance professionals, bankers, policymakers, corporate strategists, and investors.
2022-08-31 By Carl E. Walter

Red capitalism: Description of capitalism in countries ruled by socialist or communist parties in which party cadres play important roles as economic managers motivated by profits. Merchant capitalism: Early form of capitalism in which ...

Author: Paul Bowles

Publisher: Routledge

ISBN: 9781317860815

Category: History

Page: 184

View: 299

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Capitalism stands unrivalled as the most enduring economic system of our times. Since the collapse of the Soviet bloc the world has become a new stage for capital, and yet despite this dominance capitalism is still not widely understood. It remains a subject of enduring interest that is discovered and rediscovered over time by each successive generation of students. Exploring the life of this world-shaping system and the writings of leading thinkers, this study also now takes into account recent developments, including the impact of the Global Financial Crisis and the complexities of China’s political economy. Paul Bowles addresses these key questions: - what are the central, unchanging features of capitalism? - how does capitalism vary from place to place and over time? - does capitalism improve our lives? - is capitalism a system which is ‘natural’ and ‘free’? Or is it unjust and unstable? - what about today’s global capitalism? - will capitalism destroy or liberate us? This updated edition of a classic text is now supported by a comprehensive documents section, chronology and who’s who, as well as a new colour plate section. It offers a concise, lucid and thought-provoking introduction for undergraduate students or anyone with an interest in this most pervasive, long lasting and adaptable yet crisis-ridden of economic systems.
2014-06-06 By Paul Bowles

Conclusion Particularly in Western accounts, the image of the “red capitalist” enjoys broad acceptance as a common stereotype of entrepreneurship in China. Our empirical account reveals a more complex story.

Author: Victor Nee

Publisher: Harvard University Press

ISBN: 9780674065390

Category: Business & Economics

Page: 360

View: 839

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Over 630 million Chinese escaped poverty since the 1980s, the largest decrease in poverty in history. Studying 700 manufacturing firms in the Yangzi region, the authors argue that the engine of China’s economic miracle—private enterprise—did not originate at the top but bubbled up from below, overcoming initial obstacles set up by the government.
2012-06-19 By Victor Nee

Red Hat Enterprise Linux and Red Hat applications. Retrieved from https://www.redhat.com/ licenses/GLOBAL_EULA_RHEL_English_20101110.pdf Red Hat. (2012). Red Hat reports fourth quarter and fiscal year 2012 results [Quarterly report and ...

Author: Arwid Lund

Publisher: Springer Nature

ISBN: 9783030282196

Category: Business & Economics

Page: 338

View: 202

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“Matching the rigour of the analysis with an extraordinary pedagogical capacity, the authors unveil all the arcana of the ‘openness’ capitalism model and digital labour. Essential for scholars and students across the social and economic sciences.” (Carlo Vercellone, Université de Paris 8, France) “This vital book is an objective and detailed assessment of the private capture of common value, concluding with an in-depth survey of what commons-friendly public authorities could do to defend the new 'common-wealth'.” (Michel Bauwens, Founder of the P2P Foundation, The Netherlands) “An outstanding analysis of how digital capital uses openness as principle of capital accumulation and exploitation. A must-read for everyone who wants to understand what the internet and digital media are all about.” (Christian Fuchs, University of Westminster, UK) This book tackles the concept of openness (as in open source software, open access and free culture), from a critical political economy perspective to consider its encroachment by capitalist corporations, but also how it advances radical alternatives to cognitive capitalism. Drawing on four case studies, Corporate Capitalism’s Use of Openness will add to discussion on open source software, open access content platforms, open access publishing, and open university courses. These otherwise disparate cases share two fundamental features: informational capitalist corporations base their successful business models on unpaid productive activities, play, attention, knowledge and labour, and do so crucially by resorting to ideological uses of concepts such as “openness”, “communities” and “sharing”. The authors present potential solutions and alternative regulations to counter these exploitative and alienating business models, and to foster digital knowledge commons, ranging from co-ops and commons-based peer production to state agencies' platforms. Their research and findings will appeal to students, academics and activists around the world in fields such as sociology, economy, media and communication, library and information science, political sciences and technology studies.
2020-02-28 By Arwid Lund

In The Red Dream he exposes the real cost of China’s obsession with GDP growth … The Red Dream shows that not only are China’s financial foundations fragile but that the state net worth is illusionary.” —Fraser JT Howie, co-author ...

Author: Carl E. Walter

Publisher: John Wiley & Sons

ISBN: 9781119896159

Category: Political Science

Page: 292

View: 989

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An eye-opening deep dive into the sources and consequences of how China has financed it’s rise to global economic prominence In The Red Dream: The Chinese Communist Party and the Financial Deterioration of China, veteran finance executive Carl Walter uses his unique experience in Chinese finance to deepen his exploration of how the Chinese Communist Party finances its obsession with GDP growth and social control. Overwhelmingly debt-fueled, the party’s financial strategy has driven an unsustainable growth in banking and state enterprise assets. Inevitably the party’s own financial health is being severely weakened and China’s future over the next decades put in doubt. You’ll also find: A discussion of the financial power of local governments and the Ponzi scheme created by their sale of land use rights How China’s entry into the World Trade Organization gave rise to today’s China How the party and China’s regulators enable banks to present outstanding performance metrics An exploration of the party’s financial assets and liabilities since 1979 Examples of financial crisis management and related costs incurred by China and the US A look at Japan’s experience as a potential guide for China future development An essential read for anyone interested in international economics, geopolitics, and finance, The Read Dream will also earn a place in the hands of finance professionals, bankers, policymakers, corporate strategists, and investors.
2022-08-29 By Carl E. Walter

Following World War II, the capitalist economies of Japan and Western Europe experienced historic growth. However, the world's socialist economies did not. The USSR, the Eastern European nations the USSR controlled, and Mao's Red China ...

Author: Andrew Puzder

Publisher: Hachette UK

ISBN: 9781478975427

Category: Political Science

Page: 384

View: 122

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Andy Puzder, the former CEO of Carl's Jr. and Hardee's, says that "capitalism" is not a dirty word, and thankfully President Trump understands this; his pro-business policies will bring back economic growth and secure our future. As a successful CEO in the restaurant industry, Andy Puzder uniquely understands how important the profit motive is to our country's ultimate prosperity. Furthermore, as the grandson of immigrants, the son of a car salesman, and someone who worked his way up from earning minimum wage to running an international business, he has a first-hand view of how America's exceptional capitalist spirit can lift everyone to success. In 2016, the American people faced a stark choice between two very different presidential candidates. Hillary Clinton spent most of her adult life involved in politics and promised to uphold and advance the progressive legacy of President Barack Obama who had first won the White House on promises to "spread the wealth around." Donald Trump, on the other hand, came from the business world, was an unapologetic capitalist, used his own personal wealth as inspiration, and promised simply to "Make America Great Again." By choosing Trump over Clinton, the American people put a stop to decades of government expansion under progressive leadership, and they might just have saved our economy by doing so. America was once a land where everyone was encouraged to seek their fortune - the more prosperous our citizens, the more our whole society could in turn prosper. But leftist forces in the United States have been seeking to tarnish the pursuit of prosperity and to paint profit as an evil motivation fit only for greedy plutocrats. Andrew Puzder understands this first-hand after a progressive smear campaign stopped him from joining President Trump's cabinet. As Puzder explains in his new book, The Capitalist Comeback, this was an act of desperation from a left wing facing irrelevance with a pro-business president in the White House. From its roots in the Progressive Era to labor unions to education to entertainment to its political resurgence with avowed socialist candidates such as Bernie Sanders, Puzder traces the development of the anti-profit forces in the United States and shows how, under President Trump, they can be vanquished for good.
2018-04-24 By Andrew Puzder

“Capitalists Without a Class: Political Diversity Among Private Entrepreneurs in China. ... Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise. Singapore: John Wiley and Sons. Wang, Fei-Ling. 2011.

Author: Tobias ten Brink

Publisher: University of Pennsylvania Press

ISBN: 9780812251098

Category: Political Science

Page: 328

View: 303

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Since 1978, the end of the Mao era, economic growth in China has outperformed every previous economic expansion in modern history. While the largest Western economies continue to struggle with the effects of the deepest recession since World War II, the People's Republic of China still enjoys growth rates that are massive in comparison. In the country's smog-choked cities, a chaotic climate of buying and selling prevails. Tireless expansion and inventiveness join forces with an attitude of national euphoria in which anything seems possible. No longer merely the "workshop of the world," China is poised to become a global engine for innovation. In China's Capitalism, Tobias ten Brink considers the history of the socioeconomic order that has emerged in the People's Republic. With empirical evidence and a theoretical foundation based in comparative and international political economy, ten Brink analyzes the main characteristics of China's socioeconomic system over time, identifies the key dynamics shaping this system's structure, and discusses current trends in further capitalist development. He argues that hegemonic state-business alliances mostly at the local level, relative homogeneity of party-state elites, the maintenance of a low-wage regime, and unanticipated coincidences between domestic and global processes are the driving forces behind China's rise. He also surveys the limits to the state's influence over economic and social developments such as industrial overcapacity and social conflict. Ten Brink's framework reveals how combinations of three heterogeneous actors—party-state institutions, firms, and workers—led to China's distinctive form of capitalism. Presenting a coherent and historically nuanced portrait, China's Capitalism is essential reading for anyone interested in the socioeconomic order of the People's Republic and the significant challenges facing its continuing development.
2019-03-15 By Tobias ten Brink