Open AccessChina’s Globalisation Challenge
Author(s) -
Peter Nolan
Publication year - 2010
Publication title -
the copenhagen journal of asian studies/the copenhagen journal of asian studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.312
H-Index - 13
eISSN - 2246-2163
pISSN - 1395-4199
DOI - 10.22439/cjas.v28i1.2848
Subject(s) - globalization , fundamentalism , capitalism , china , oligopoly , sustainability , competition (biology) , darwinism , economic system , political economy , political science , economics , market economy , ecology , politics , biology , law , genetics , welfare
This paper analyses the nature of capitalist globalization during the past three decades. This period was dominated by US-led free market fundamentalism. This produced great benefits arising from intense oligopolistic competition. However, it also produced deep contradictions that threaten the sustainability of human life. Faced with these profound Darwinian threats, the human species needs to establish globally cooperative institutions to regulate intelligently the forces of wild capitalism that human beings have themselves created.