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Return of Marxian Macro-dynamics in East Asia (Hardcover)
Loot Price: R3,629
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Return of Marxian Macro-dynamics in East Asia (Hardcover)
Series: Research in Political Economy
Expected to ship within 12 - 17 working days
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The economic growth in East Asia has been believed to be the model
case of the triumph of capitalism. Some progressive economists, for
example, the developmental state theorists, also praised the East
Asian model as the progressive alternative to neoliberal market
fundamentalism, arguing that they are the outcomes of state-led
development. However, with the sudden advent of the 'Lost Decade of
Japan' in the 1990s, and the ensuing 'IMF Crisis' of South Korea in
1997, and now the imminent 'hard landing' of the Chinese economy,
the East Asian miracle story is quickly becoming a thing of the
past. East Asia has now become an epicentre of the contradictions
and crisis of global capitalism. Today, deepening economic crises,
exacerbation of social polarization, rising popular discontents,
and escalating geopolitical tensions are common to China, Japan and
Korea. Moreover, East Asia has been at the centre of global
ecological contradictions. Indeed, East Asia has now become the
typical place of Marxian macro-dynamics. ; This important and
timely volume brings together experts in political economy from
across the globe, to comment on the return of Marxian
macro-dynamics in East Asia. The contributions explore
macro-dynamics, the role of the state and hegemony in the context
of transnational capitalism, and Marxian alternatives for East
Asia.
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