The Rise of China: An Exception to Neoliberal Globalization
Sr No:
Page No:
34-43
Language:
English
Authors:
Murilo Rangel da Silva*
Received:
2025-02-06
Accepted:
2025-02-19
Published Date:
2025-02-22
Abstract:
This article examines the global economic crises from the late 1970s to the 2008
crisis, explaining the global economic environment created by the United States after the
Volcker Shock, which consolidated the hegemonic position of the United States in the
international financial and economic system. The objective of the research is to understand
China's role in the process of mitigating international crises based on political, economic and
institutional adjustments in the country. Based on the responses established by the Chinese
governement to control crises in China during this period, it is identified that the Chinese
economic growth through institutional and economic reforms were the key to balance economic
instabilities in the long-term. Through the crisis containment projects established in China,
mainly after the Asian crisis of the 1990s, the defense mechanisms of the Chinese economy
remained more elaborate with the arrival of the 2008 crisis, demonstrating the solidity proposed
by the Chinese system.
Keywords:
China economic crises, United States of America, RMB, International Institutions, Neoliberalism.