Exploring capitalist development in Greater China: A synthesis

Christopher A. McNally, Yin Wah CHU

Research output: Contribution to journalJournal articlepeer-review

14 Citations (Scopus)


This article explores the dynamics of capitalist development in the three political economies of Greater China. We have two purposes in mind. First, we hope to produce a fresh understanding of Mainland China's economic rise, interpreting it as associated with the process of late capitalist development. Second, we use a comparison with Taiwan and Hong Kong to examine whether China has converged with or diverged from four salient aspects of late capitalist development: the character of state ruler incentives, or the "will to develop"; the nature and structure of state-society relations; the role of business enterprises and business networks in supporting initial capitalist accumulation; and the transition of state-business interactions over time from mutual distrust to engagement and cooperation. In so doing, we hope to use comparative analysis to integrate the crucial case of China into broader inquiries on the nature and logic of capitalist development.

Original languageEnglish
Pages (from-to)31-64
Number of pages34
JournalAsian Perspective
Issue number2
Publication statusPublished - 2006

Scopus Subject Areas

  • Life-span and Life-course Studies

User-Defined Keywords

  • China
  • Economic development in Asia


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