Adam Smith in Beijing

목차

1. Economic “Renaissance” in East Asia and the “Snowball Effect”
2. Adam Smith and the Rise of China
3. The Failure of the Project for a New American Century
4. The End of American Hegemony and the “Beijing Consensus”
5. Conclusion

본문내용

Giovanni Arrighi’s book Adam Smith in Beijing: Lineages of the Twenty-First Century analyzes the nature and implications of the rise of China, in the context of the historical evolution of capitalism. In this book, Arrighi attempts first to offer an interpretation of the “shift of the epicenter of the global political economy” from North America to East Asia, and second to apply Adam Smith’s The Wealth of Nations to the shift of the epicenter. He also revisits the classics of political economy, such as Marxist and world-system perspectives, to explain the fall of China in the nineteenth century, the rise and decline of U.S. hegemony in the twentieth century, and China’ recent rise in the world economy.

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China-centered, world-market society that he believes is emerging. Arrighi is pretty optimistic that China’s ascent is the “harbinger” of greater equality and mutual respect among peoples of European and non-European descent witch Smith predicted and advocated 230 years ago. He opposed to the idea that it is a harbinger of a new Asian-centered regime of accumulation in which China replaces the United States as the hegemonic power.

참고자료

· Arrighi, Giovanni, Adam Smith in Beijing: Lineages of the Twenty-First Century, London: Verso, 2007.
· Smith, Adam, The Wealth of Naition, 1776.