International Research and Academic scholar society

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
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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.

Journal: IRASS Journal of Arts, Humanities and Social Sciences
ISSN(Online): 3049-0170
Publisher: IRASS Publisher
Frequency: Monthly
Language: English

The Rise of China: An Exception to Neoliberal Globalization