September 22, 2008, Christopher McNally

(Click to enlarge) Dr. Chris McNally, discusses Sino-capitalism at the East-West Center in Washington on September 22, 2008.

Sino-Capitalism: China's Emergent Political Economy

(Washington DC) September 22 – How will China's political economy be influenced by the country's ascent as an international power? At a seminar at the East-West Center in Washington, Christopher McNally posited that China is generating Sino-capitalism -- a global capitalist system that differs from Anglo-American capitalism.

Sino-capitalism relies on informal business networks rather than on transparent legal codes and leaves much room for state guidance and regulation. While both systems of capitalism have enjoyed a period of beneficial synergy, their interaction also raises several distinct quandaries for the future. The early 21st century's biggest challenge will be to manage the ascent of Sino-capitalism, while avoiding hegemonic competition and addressing the economic, geopolitical, and ecological problems created by China's rise.

Dr. Christopher McNally is currently a research fellow at the East-West Center and a political economist who focuses on the study of the institutions and ideas underlying formations of capitalism. Dr. McNally has held fellowships at the Asia Research Centre in West Australia, the Institute of Asia Pacific Studies at the Chinese University of Hong Kong, and at the Shanghai Academy of Social Sciences. He received his Ph.D. in Political Science from the University of Washington in Seattle and has edited three volumes including, most recently, an examination of China's political economy: China's Emergent Political Economy-Capitalism in the Dragon's Lair , (Routledge 2008).