Abstract
The chapter will continue by discussing the role of China. Although out of all the major regions China appears to have come out of the recession with few economic problems, underlying a seemingly assertive China is a self-conscious regime and a highly corrupt political and economic system. China has gone through 30 years of integration into the international economic system. It is now a hub of low-cost manufacturing for American companies. Many were expecting the recession to be the start of a newly assertive China emerging on the international scene. Indeed, it seemed the twenty-first century would belong to China. However, the regime has only participated in incremental domestic and international reforms. The central issue limiting China’s advance is demographic. The regime must keep economic growth for fear a legitimacy crisis due to poor economic growth. These internal issues, as well as problems moving from a middle-income to a higher income country, its stock market and corruption in the Chinese political system limit its capabilities to act as a new global hegemony.
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Tozzo, B. (2018). The Demographic and Economic Problems of China. In: American Hegemony after the Great Recession. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-57539-5_5
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DOI: https://doi.org/10.1057/978-1-137-57539-5_5
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Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-137-57538-8
Online ISBN: 978-1-137-57539-5
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