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HUNG HO-Fung (ed.), China and the Transformation of Global Capitalism. (Themes in Global Social Change). Baltimore: The Johns Hopkins University Press, 2009. X, 212 pages, US$ 27.00 (pb). ISBN 978-08018-9308-7
Most books published over the past years that try to explain China's rise in the 21st century tend to trace the country's development to globalization in a general way. Few of them investigate in-depth the correlation between the expansion of the Chinese economy and the transformation of global capitalism. "China and the Transformation of Global Capitalism" edited by Hung Ho-fung seems to be the first to interpret the "transformation of global capitalism in the late twenty century" (p. 6) as the most important precondition for China's rise.
According to the authors, three main "transformations" (p. 7) have enabled China to embrace globalization and thus paved the way for the rapid and dramatic rise of the country. "The first transformation of global capitalism" is seen in the so-called "new international division of labor in the...