Globalization has reconfigured both the external institutional framework and the intrinsic operating mechanisms of capitalism. The global triumph of capitalism implies the embracing of the market by the state in all its variants, and that global capitalism is not confined to the shell of nation-state democracy. Guoguang Wu provides a theoretical framework of global capitalism for specialists in political economy, political science, economics and international relations, for graduate and undergraduate courses on globalization, capitalism, development and democracy, as well as for the public who are interested in globalization. Wu examines the new institutional features of global capitalism and how they reframe movements of capital, labor and consumption. He explores how globalization has created a chain of connection in which capital depends on effective authoritarianism, while democracy depends on capital. Ultimately, he argues that the emerging state-market nexus has fundamentally shaken the existing institutional systems, harming democracy in the process.

This book explores how global capitalism has reconfigured state-market relations, and how interactions among capital, labor and consumption threaten global democracy.

About the Author
Guoguang Wu is Professor of Political Science, History, and Chair in China and Asia-Pacific Relations at the University of Victoria, British Columbia. He previously served as an editor for the People's Daily in Beijing, and participated in political reform of China in the 1980s in the capacity of a policy advisor and speechwriter to the national leadership. He is the author and editor of eight books, including China's Party Congress: Power, Legitimacy, and Institutional Manipulation (Cambridge, 2015).


Book Information
ISBN 9781316640753
Author Guoguang Wu
Format Paperback
Page Count 348
Imprint Cambridge University Press
Publisher Cambridge University Press
Weight(grams) 490g
Dimensions(mm) 228mm * 151mm * 20mm