The Political Economy of China’s Peaceful Rise
Date Issued
2016
Date
2016
Author(s)
Chang, Chang-Yueh
Abstract
The international situation is treacherous and volatile. Since the dismemberment of the former Soviet Union and the end of The Cold War in the late twentieth century, the world has changed from the “bi-polar system” to “one superpower and multi powers”, in which the U.S. has become the world’s sole superpower. However, under the implementation of the “reform and opening-up” policy, China’s economy has been growing rapidly, political ecology changing tremendously, and overall strength increasing dramatically. All of above has made China the region’s strongest country in terms of its political, economic, and military powers. China has since also been regarded as the U.S.’s main competitor. While facing the U.S.’s constant hegemonic conducts and the reality of international constraints, China is aware that with its current ability it still can not compete against the U.S., even given it a few more years, and is less likely to be able to dominate the world. However, because of the strategic need to “reach out”, China’s fourth generation of leadership, the “Hu-Wen regime” proposed a strategic international new way of thinking called the ""peaceful rise"" in the end of 2003, which advocated ideas such as common development and common prosperity. This strategy stated that China would continue to participate in economic globalization, adhere to a peaceful and non-hegemonic foreign policy and initiate the ""harmonious world"" concept so that China can promote a multi-polar world pattern, counterbalance American hegemony, and eventually seek the chance to establish its status as a global superpower. As part of social science, the study of political economy not only focuses on the theoretical research, it also takes into account the objective structure pulses and cause and effect changes in politics and economics. It emphasizes analyzing and solving practical problems in politics and economics. Under the perspective of political and economic analysis, when it comes to the study of China''s ""peaceful rise"" issue, in order to explain or solve related problems, we must start from the open context in the core body of politics and economics to position the structural characteristics in related subjects, and look into the long term development and change of the overall political and economic structures. In other words, when it comes to “peaceful rise” such a diversified subject that involves national strategies, the political system, economic development, ideology and value, China is the major actor and therefore affects the behaviors of other actors including its co-competition relationships with the U.S. and other major countries such as Japan, Russia, Britain, France and Germany. All of these interactions lead to interactive effects upon multi-level political and economic systems and structures, both at home and abroad. In summary, the ""peaceful rise"" has been China’s grand strategy entering the 21st century which not only inherited national development history, but also extended future revival strategic thinking. This strategy was embedded in China''s internal political and economic situations but also extended outside to international political and economic systems. Whether analyzing it on a political or economic level, it is subject to the effects of time and changes of context. Therefore, this study will start with ""China''s peaceful rise"" and cover the various current ""Chinese internal"" and ""international environment"" phenomenon and its causal context to analyze, interpret and decide its future potential development, and then build accordingly to a complete set of political and economic analysis.
Subjects
peaceful rise
reform and opening-up policy
one superpower and multi powers
bi-polar system
globalization
Type
thesis
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