Foreign And Economic Policy And Embraced Elements Of Capitalism - 825 Words

Foreign And Economic Policy And Embraced Elements Of Capitalism (Book Review Sample) Content: NameInstructorCourseDateChina and Capitalism: Book ReviewIn this book, China and Capitalism, David Faure covers various topics that engage with Chinas development since it changed its foreign and economic policy and embraced elements of capitalism. In part, the book explores the impact of opening up of China to the forces of international trade and investment. The author attempts to provide a balanced view about both the positive and negative aspects of Chinas development. In a separate context, the book provides details on the geopolitical factors that have supported and hindered development in China in different perspectives. The book traces the growth of China from the period when the country launched its economic reforms initiative to the current levels, which reflects the varying levels of growth (Faure 61). There is critical proof of growth in many areas of the Chinese economy. Sectors such as manufacturing, engineering, and agriculture have witnessed significan t growth in the span of decades. However, the author also shows the apparent imbalances and inequalities that continue to subtract from the general picture of stability in many parts of China. On these score, the author provides compelling proof of the lopsided nature of some aspects of Chinas development. The infrastructural development that has been witnessed in parts of the country is not necessarily consistent with human development (Faure 102). In one respect, the book indicates that the rush to develop Chinas infrastructure comes at a heavy cost of the ordinary people. Part of this revelation is that the book shows the economic divide the privileges the welfare of the upper classes above the interests of the low class. Structurally, the Chinese society makes it difficult for people to make meaningful personal progress because the development model favors institutions, corporations, and big businesses at the expense of individuals, families, and communities.Furthermore, the boo k provides a compelling read of how the political and economic sources of Chinas growth continue to change in ways that have also influenced its regional power. For instance, the geopolitical power in the Asian region has been affected significantly by the growing dominance of Chinese power across the region. Countries such as Taiwan, Japan, and Vietnam have come under the influence of Chinas growth, which has also entailed massive growth of its military power. However, the book explains the manner in which China has ever sought to balance its trading relationships and military dominance in the region. Such a complicated relationship continues to reflect in Chinas dealing with Taiwan. For a broad understanding of the dominating themes in the authors analysis, the book provides a sweeping analysis of the challenges that relate to urban development in places such as Hong Kong, Guangdong, Fujian, and Taiwan. One area that receives critical attention is the tendency to develop the urban centers at the expense of the developing areas. In cross-sectional survey shows that vast populations in rural China endured years of starvation within the same period that witnessed rapid development in urban centers. On the surface, the authorities want the matter to appear as though it emerged from poor planning, however, the author explores critical evidence that suggests a deliberate government policy to exploit the countryside in order to enrich the urban centers. Perhaps, the matter could be studied alongside other arguments that have sought to illustrate the fact that Chinas perceived growth is at best superficial and at worst outright scandalous. In some way, the portrayal of China as an enduring model of progress draws on various factors that intermingle with perceptions of lack of a human-centered policy and other issues that have often engaged the attention of lobbyists and welfare groups (Faure 73). However, the book makes noticeable efforts to point a realistic pictur e of a country that struggles with matters of development and a range of issues of developmental interest. Alternative analyses into China&rs...