China's Party-State Capitalism and International Backlash: From Interdependence to Insecurity

IF 4.8 1区社会学 Q1 INTERNATIONAL RELATIONS

International Security Pub Date : 2022-10-01 DOI:10.1162/isec_a_00447

M. Pearson, Meg Rithmire, Kellee S. Tsai

{"title":"China's Party-State Capitalism and International Backlash: From Interdependence to Insecurity","authors":"M. Pearson, Meg Rithmire, Kellee S. Tsai","doi":"10.1162/isec_a_00447","DOIUrl":null,"url":null,"abstract":"Abstract Contrary to expectations, economic interdependence has not tempered security conflict between China and the United States. In response to perceived domestic and external threats, the Chinese Communist Party's actions to ensure regime security have generated insecurity in other states, causing them to adopt measures to constrain Chinese firms. Security dilemma dynamics best explain the subsequent reactions from many advanced industrialized countries to the evolution of China's political economy into party-state capitalism. Party-state capitalism manifests in two signature ways: (1) expansion of party-state authority in firms through changes in corporate governance and state-led financial instruments; and (2) enforcement of political fealty among various economic actors. Together, these trends have blurred the distinction between state and private capital in China and resulted in backlash, including intensified investment reviews, campaigns to exclude Chinese firms from strategic sectors, and the creation of novel domestic and international institutions to address perceived threats from Chinese actors. The uniqueness of China's model has prompted significant reorganization of the rules governing capitalism, both nationally and globally.","PeriodicalId":48667,"journal":{"name":"International Security","volume":"1 1","pages":"135-176"},"PeriodicalIF":4.8000,"publicationDate":"2022-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"7","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Security","FirstCategoryId":"90","ListUrlMain":"https://doi.org/10.1162/isec_a_00447","RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"INTERNATIONAL RELATIONS","Score":null,"Total":0}

引用次数: 7

Abstract

Abstract Contrary to expectations, economic interdependence has not tempered security conflict between China and the United States. In response to perceived domestic and external threats, the Chinese Communist Party's actions to ensure regime security have generated insecurity in other states, causing them to adopt measures to constrain Chinese firms. Security dilemma dynamics best explain the subsequent reactions from many advanced industrialized countries to the evolution of China's political economy into party-state capitalism. Party-state capitalism manifests in two signature ways: (1) expansion of party-state authority in firms through changes in corporate governance and state-led financial instruments; and (2) enforcement of political fealty among various economic actors. Together, these trends have blurred the distinction between state and private capital in China and resulted in backlash, including intensified investment reviews, campaigns to exclude Chinese firms from strategic sectors, and the creation of novel domestic and international institutions to address perceived threats from Chinese actors. The uniqueness of China's model has prompted significant reorganization of the rules governing capitalism, both nationally and globally.

查看原文本刊更多论文

中国的党国资本主义与国际反弹:从相互依赖到不安全

与预期相反，经济上的相互依赖并没有缓和中美之间的安全冲突。作为对国内和外部威胁的回应，中国共产党确保政权安全的行动在其他国家产生了不安全感，导致他们采取措施限制中国公司。安全困境动态最好地解释了许多发达工业化国家随后对中国政治经济演变为党国资本主义的反应。党国资本主义以两种典型的方式表现出来:(1)通过改变公司治理和国家主导的金融工具，扩大党国在公司中的权力;(2)各种经济行为者之间政治忠诚的强制执行。总之，这些趋势模糊了中国国有资本和私营资本之间的界限，并导致了反弹，包括加强投资审查，将中国公司排除在战略部门之外的运动，以及建立新的国内和国际机构来应对来自中国参与者的威胁。中国模式的独特性促使了资本主义治理规则的重大重组，无论是在国内还是在全球。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

International Security Social Sciences-Law

CiteScore

7.40

自引率

10.00%

发文量

期刊介绍： International Security publishes lucid, well-documented essays on the full range of contemporary security issues. Its articles address traditional topics of war and peace, as well as more recent dimensions of security, including environmental, demographic, and humanitarian issues, transnational networks, and emerging technologies. International Security has defined the debate on US national security policy and set the agenda for scholarship on international security affairs for more than forty years. The journal values scholarship that challenges the conventional wisdom, examines policy, engages theory, illuminates history, and discovers new trends. Readers of IS discover new developments in: The causes and prevention of war U.S.-China relations Great power politics Ethnic conflict and intra-state war Terrorism and insurgency Regional security in Africa, Asia, Europe, and Latin America U.S. foreign and defense policy International relations theory Diplomatic and military history Cybersecurity and defense technology Political economy, business, and security Nuclear proliferation.