Index
Return of Marxian Macro-Dynamics in East Asia
ISBN: 978-1-78714-478-1, eISBN: 978-1-78714-477-4
ISSN: 0161-7230
Publication date: 8 August 2017
This content is currently only available as a PDF
Citation
(2017), "Index", Return of Marxian Macro-Dynamics in East Asia (Research in Political Economy, Vol. 32), Emerald Publishing Limited, Leeds, pp. 303-316. https://doi.org/10.1108/S0161-723020170000032020
Publisher
:Emerald Publishing Limited
Copyright © 2017 Emerald Publishing Limited
INDEX
Abenomics
, 4, 7, 64, 69, 73
defined
, 64
endogeneity of money
, 76
historical background
, 65–69
intent of monetary policy
, 69–70
Abe, Shinzo
, 4
administration’s re-election
, 64
monetary policy
, 70
effectiveness of
, 70–76
Abstinence
, 302
Accumulation
state/imperatives of
, 161–162
without dispossession
, 202
A Critical Review of China’s Reform
, 9
Activist citizens
, 272
ADCs. See Advanced Countries (ADCs)
Addendum
, 189, 295
Administrative model
, 247
Advanced Countries (ADCs)
, 28, 31
countries and regions
, 29
nonexploitation case
, 30
transition of economic growth rate
, 68
Agricultural policy, fundamental reforms of
, 167
Alternatives
, 238
American Empire
, 187
American super-power
, 194
Analysis of Situations
, 190
Annual working hours
, 96
Anti-access/area-denial
, 211
Anti-capitalism
, 2
Anti-democratic machine
, 264
Anti-WTO protest in 2005
, 272
APEC (Asia-Pacific Economic Cooperation)
, 208
A Petty Bourgeoisie Manifesto
, 239
Argentina
, 96
Arrighi’s claim
, 201, 202
Artificially constructed
, 263
Asia
, 134–139, 143–148, 149
Asian crisis
, 95
Asian Infrastructure Investment Bank (AIIB)
, 214
Asian Migrant Centre (AMC)
, 271
Asian Migration Coordination Body (AMCB)
, 270
Asian Monetary Fund (AMF)
, 209
Asia-Pacific free trade accumulation strategy
, 146
Association of Southeast Asian Nations (ASEAN)
, 211
Assumption
of constant returns to scale
, 287–289
of zero pure profit
, 289
ATKI (Association of Indonesian Domestic Workers)
, 270
Australian-based corporations
, 142
Australian institutions
, 151
Australia’s Immigration Restriction Act of 1901
, 262
Average growth rates
, 88
Bank assets
, 178
Banking system
, 179
reform
, 179
restructuring of
, 177–179
Central Bank “independent”
, 177–178
Commercial Banks
, 178–179
state-controlled
, 119
Bank loans
, 43, 171
Bank of Japan (BOJ)
, 2–5, 64, 70
Bank of Korea
, 85
Bankruptcy
, 171
financial distress
, 3
form of threat
, 164
threat of
, 172
Bank savings deposit
, 171
BASF
, 238
Beijing Consensus
, 210
Bethune House
, 270
Biopolitcs
, 191
Black organizations
, 235
Blackwill, Robert D.
, 215
Bo, Xilai
, 227, 228, 230–245, 249
Bonds
Japanese government
, 4
long- and short-term
, 4
Border control
, 261
Bordered Capitalism
, 259–264, 278
Bordered global capitalism
, 254
Borrower’s financial risk
, 51
Borrowing interest rates
, 48, 49
Brazilian agricultural exports
, 152
Brazil, trading partner
, 212
BRICS (Brazil, Russia, India, China, and South Africa)
, 136, 196
association
, 151
New Development Bank
, 214
British Alien Act of 1905
, 261
Bubble economy
, 39, 48
in Japan
, 47
Budget deficits
, 167
Bureaucrat-bourgeois
, 238
Bureaucratic capitalists
, 161
Bush, George W.
, 215
Business process outsourcing (BPO)
, 147
Business sentiments, straightforward observation of survey
, 47–49
Business survey
, 47
Capital
, 258
accumulation in Japanese economy
, 40
composition
, 115
intensive industries
, 88
wage-labor relationship
, 4
Capitalism, reproduction of
, 254
Capitalists
, 152
economies
, 107, 108, 199, 262
labor markets
, 258
Capital productivity
, 92
capacity utilization and cyclical component of
, 94
growth
, 93
puzzle
, 92–97
Capital-using technologies
, 95
Capital, value composition of
, 115
CCP. See Chinese Communist Party (CCP)
Central banking functions (CSC)
, 168
Chaebols
, 88
Cheap labor cost
, 265
Chemical terrorism in the Tokyo subway system
, 48
Chile
, 96
China
, 31, 186
ambitions
, 186
ascent
, 9
basic input-output table
, 111
capitalist class
, 187
coastal cities
, 255
DVCs labor
, 31
economic
, 213
power
, 217
transition
, 107
export
, 119
extraordinary economic growth
, 199
GDP
, 212
imperialist rivals
, 202–217
integration, into global capitalist economy
, 142
international political economy
, 188
national wealth
, 160
reform (See Reform in China)
relative autonomy
, 202–217
geopolitical
, 196–202
socialist economy
, 110
state-socialist economy
, 107, 108, 110
supervisory labor
, 110
transnational capital
, 134
WTO accession
, 215
China-Japanese tension
, 216
China Labour Bulletin
, 173
China Model
, 210
China National Petroleum Corporation (CNPC)
, 152
China’s Chongqing Municipality
, 227
Chinese bureaucrats
, 142
Chinese campaigns, against crimes
, 235
Chinese Communist Party (CCP)
, 162, 179
depoliticization strategy
, 163
labor system
, 164
leadership
, 166, 167
Chinese coolies
, 259
Chinese economists
, 108
Chinese economy
, 1, 7, 8, 106–109, 116, 118–120
from Marxian perspective
, 109
Chinese Exclusion Act of 1882
, 262
Chinese expansion
, 229
Chinese exports
, 215
Chinese households
, 212
Chinese investment in Brazil
, 213
Chinese labor
, 147
Chinese land unit
, 232
Chinese media system
, 142, 143
Chinese model
, 228
Chinese Outward FDI
, 211, 213
Chinese own-country labor
, 34
Chinese Revolution
, 196, 200
Chinese state policymakers
, 143
Chinese working class
, 255
Chongqing administration
, 232
Chongqing development of
after Bo Xilai
, 242–244
Chongqing incident
, 237, 238, 242, 248
left wing, implications of
, 248–249
Chongqing model
, 10, 228–231, 235, 240, 247
government-owned enterprises
, 234–236
household registration reform
, 232–233, 247–248
land certificates
, 247
market
, 231–232
leftism
, 238–242, 247
mass coverage
, 237–238
public housing program
, 233–234
public-land leasing system
, 234–236, 248
red ideological campaign
, 236–237
significance of
, 244–248
Chongqing’s economy
, 230
Chongqing’s GDP
, 230
Chongqing’s investment, in public housing
, 233
Chongqing’s Municipal government
, 234
commission for state-owned assets
, 245
Chongqing’s public rental housing
, 245
Chongqing’s revenue
, 234
Chongqing Statistics Bureau
, 243
Circulating capital
, 16
Citizenship
, 259–264, 263
from below
, 254
Citizens of the United Kingdom and Colonies (CUKC)
, 263
Claim
, 228
Class struggle
, 161, 164
Climate crisis
, 148
Coinvestments
, 152
Colonial development
, 257
Colonialism
, 139
Commercial citizenship
, 266
Commercial housing developers
, 233
Commodities
, 16
domestic
, 21
exported
, 21
imported
, 21
Communist Party of China (CPC)
, 228, 236, 237, 243
Communist Party Secretary of Chongqing
, 244
Communities of value
, 263
Competitive advantage
, 257
Concubine economy
, 201
Conditional variance
, 50
Confrontation
, 231
Constant capital
, 16
Constant returns to scale
, 301
Consumption function
, 42
Consumption of fixed capital (CFC)
, 29
Contemporary capitalism
, 259
Contemporary Marxist accounts, paradoxes of
, 186–188
Contender states
, 195–197
Continuity thesis
, 187
Contribution analysis
, 32
Coolies
, 257, 259
Cost-cutting strategies
, 96
Cost-efficient and profitable
, 173
Countries/regions, definitions of
, 28
Cox, Robert
, 187
CPI
, 70
core-core
, 72
Credit cooperatives
, 48
Cross-fertilization
, 144
Cultural Revolution
, 108, 166, 176, 235, 238, 240
Cumulative interest-bearing debt burden
, 43
CU rate
, 94
Cutting costs
, 68
Data of instability
, 52
Dataset variables
, 52
Data transition
, 52
Dead labor
, 16
Debt burden
, 41, 42, 45, 51
Debt write-offs
, 178
Deficit
, 66
Depoliticization
, 160–164
accumulation imperative/politics
, 161–164
reform as political strategy
, 162–164, 181
Deportation, in detention camps
, 263
Deputy Director of Shanghai Pudong New Area Administration Commission
, 241
Deregulation of labor markets
, 64, 67
Developing Countries (DVCs)
, 29, 31
Developmental state theorists
, 1
Diffusion index (DI)
, 47
Di piao system
, 232
Domestically ruled
, 269
Domestic duties
, 257
Dutch colonial territory
, 259
Dynamic systems
, 46, 47
East Asia
miracle economy
, 82
role of TCC
, 143
socioeconomic system
, 10
US leadership
, 199
East Asian crisis
, 208
East Asian development
, 257
East Asian economies
, 10
East Asian production networks
, 10
East China Sea
, 136
Economic boom
, 43
Economic bubble burst
, 67
Economic catch-up, based on market economy
, 1
Economic crisis
, 1, 171
Economic development
Germany’s and Japan’s
, 198
Economic field, outline of reform
, 167
Economic fluctuations
, 66
Economic growth
, 40, 87
output expansion function
, 40
Economic performance
, 64
Economic power
, 192
Economic profit, of neoclassical theory
, 295
Economic reforms
, 229, 239, 248
Economic stability
, 45
Economic stagnation
, 40
Economic survey, short-term
, 49
Economic transition
, 109
Economy’s response
, 69
Efficiency first, equity second
, 242
Emperors
, 241
Empirical analysis
, 46, 47
business sentiments, straightforward observation of survey
, 47–49
instability of confidence
, 49–51
recursive VAR model
, 51–57
Empirical studies, international input-output tables
, 27–34
contribution analysis
, 32–34
conversion rate for country’s labor
, 28
database
, 28–29
exploitation
, 28
global labor value, wage basket composition
, 29–32
international input-output tables
, 27
Employees’ compensation
, 111
Employment Permit System (EPS)
, 256, 273, 274, 276
Employment Security Law
, 3
Endogenous capital-using technical
, 93
Enrichment of certain groups of people
, 160
Enterprises ownership, restructuring of
, 172
Epistemological framework
, 140
Equate Sraffa with Marx
, 287
Equitable wealth distribution
, 242
Error-term variance
, 50
Ethnographic research
, 150
Euphoria
, 41
European capitalist economies
, 258
European integration
, 208
European Monetary System (EMS)
, 207
European Monetary Union
, 209
Exchange rate
, 71
Exemplary workers
, 256
Exogenous capital-saving technical
, 93
Expected inflation rate
, 72
Exploitation
, 17–21, 290–292, 291, 301
in global economy
, 24–27
of global labor
, 27
rate of
, 30
Exporting the Chinese Model
, 229
Factory of the world
, 179
Faculty of Law at Peking University (FLPU)
, 235
Family wage
, 256
Far East Overseas Nepalese Association (FEONA)
, 270
FDI stock
, 211, 213
Federation of Asian Domestic Workers Unions in Hong Kong (FADWU)
, 272
Female migrant domestic workers
, 256
Fictitious growth
, 167
FIE. See Foreign Invested Enterprises (FIE)
Fifteenth National Congress of the Communist Party of China
, 113
Filipino Domestic Helpers General Union
, 271
Filipino Migrant Workers Union (FMWU)
, 271
Finance
, 148–149
Financial administration
, 3
Financial anxieties
, 6
Financial capacity
, 192
Financial crisis
, 3
Financial instability
, 40
hypothesis
, 40, 56
Financial institutions
, 48, 70
Financial markets
, 146
Financial speculation
, 148
Fiscal Loan Fund
, 6
Fiscal policies
, 66
Five Chongqing
, 241
Fixed capital
, 16
formation, world share
, 205
Flexible fiscal policy
, 64
Fluctuations
, 112
FOE (Foreign-Owned Enterprises)
, 201
Foreign Affairs
, 217
Foreign exchange
, 70
Foreign Industrial Trainee Program (FITP)
, 255, 256, 273
Foreign Invested Enterprises (FIE)
, 201
Foreign labor
, 34
Fortune
, 238
Forum on China-Africa Cooperation (FOCAC)
, 211
Foxconn
, 238
Free wage labor
, 258
French Revolution
, 261
Fukushima nuclear plant disaster
, 4
Fully realised hegemony
, 195
Fundamental historical events
, 192
Fundamental Marxian Theorem
, 16, 17, 19, 21, 30
GARCH model
, 50
Gastarbeiter system
, 261
G7 countries
, 2
GDP
, 74, 242–243, 246
accounting
, 107
deflator
relative price of capital goods
, 95
global
, 28
growth
, 114
stagnated
, 7
non-financial enterprise sector
, 119
per capita
, 204
response of
, 55
GDS of Korea
, 87
Generalized Autoregressive Conditional Heteroscedasticity (GARCH) model
, 49
Geopolitical autonomy
, 188–197
Germany
economic development
, 202
imperialist rivals
, 202–217
profitability crisis
, 206
Global approach
, 140
Global Assembly Lines
, 136
Global capital accumulation
, 7
Global capital investment
, 150
Global capitalism
, 135, 137, 146–149, 148, 152, 154, 264
contradictions and crisis of
, 1
school
, 137, 140–145, 147, 149
Global capitalist integration
, 139
Global care chain
, 256
Global competitiveness
, 145
Global economy
, 6, 21–27, 146–148
exploitation in
, 24–27
labor coefficient vector
, 22
labor value
, 22–24
profit’s existence
, 23
wage differences, among countries
, 21
Global financial power
, 201
Globalization
, 134–136, 141, 144, 147, 148, 151
from below
, 141
of capital
, 148
economy
, 21
Globalizing market
, 255
Globalizing politicians
, 141
Globally standardized labor regimes
, 146
Global market logic
, 142
Global markets
, 151
Global political economy
, 135, 154
Global politics
, 229
Global proletariat
, 147
Global system, crisis-prone
, 134
Global Times
, 244
Global Trends 2025
, 186
Good characters
, 264
Government debt, to GDP
, 66
Government-owned enterprises
, 234
Government-proposed wage
, 271
Gramsci, A.
, 196
Gramsci’s classical Marxist approach
, 188
Granger-causality test
, 91
Granger-cause labor productivity
, 91
Great Depression of 1930s
, 197
Great East Japan Earthquake
, 4
Greater East Asia Co-Prosperity Sphere
, 10
Great Hanshin Earthquake
, 48
Great Leap Forward movement
, 112
Greek economy
, 113
Gross rate of profit (GRP)
, 116
Gross vs. net rate of profit
, 116
Groups of powerful individuals
, 160
Growth-distribution schedule (GDS)
, 83, 85
analytical framework
, 84–85
Guangdong model
, 245, 246
Guest workers
, 255
Harvey’s theory
, 266
Hawkins-Simon condition
, 18, 19, 24–27
Hegemonic activity
, 191
Hegemonic world order
, 189
Hegemony
, 187–202, 207–210, 217
China’s expansion and its initial bid
, 210–214
Gramsci’s concept of
, 188
relative geopolitical autonomy
, 188–197
contender states, rise of
, 196–197
elements of Gramsci’s conception
, 190–192
international level and relative geopolitical autonomy
, 192–195
United States
continuity and crisis
, 187
difficulties in countering
, 214–217
signal crisis
, 189
vs. China’s relative geopolitical autonomy
, 197–202
Hewlett Packard
, 238
Historical materialism
, 135
Hong Kong
, 255
democratization movement
, 271
domestic labor movement organizations
, 270
migrant domestic workers
, 269, 272
migrant workers
, 268, 269, 273
minimum wage of HKD32.5
, 269
mobile labor
, 256
neoliberal globalization
, 272
NGO
, 271
SAR government
, 272
society
, 271
transformation
, 256
Hong Kong Confederation of Trade Unions (HKCTU)
, 272
Household Responsibility System
, 202
Housewives, to jobs
, 256
Hukou system
, 255
Human capital
, 96
Hundred thousand dollar question
, 288
HYOGO Bank
, 48
Imaginary experiment
, 289
IMF. See International Monetary Fund (IMF)
Immigration Act of 1882
, 262
Immigration Act of 1924
, 262
Impartial arbiter
, 164
Imperialism
, 139
Impulse responses
, 54, 55
Indian coolies
, 259
Indonesia
foreign domestic workers
, 268
Indonesian Migrant Workers Union (IMWU)
, 271
Industrial Trainee System
, 273
Input–output (IO) tables
, 16, 20, 21, 27, 29
Japan-USA-Asia-Europe
, 17
labor value in international IO framework
, 16
single country
, 16, 21
studies (See Empirical studies)
Instability of confidence
, 6, 40–47, 41, 49–51, 49–52, 54–57, 55
Interest-bearing debt burden
, 40, 41, 43–45, 59
Interest-payment burden
, 43
Internationalism
, 278
International Monetary Fund (IMF)
, 139
crisis
, 1
imposed structural adjustment
, 86
International political economy
, 188
Investment demand
, 41, 45
Investment function
, 41
IT industries
, 243
Jacobian matrix
, 44, 46
Japan
, 31
imperialist rivals
, 202–217
Japanese bubble economy
, 40
Japanese capital
, 206
Japanese economy
, 4, 6, 39, 40, 45, 47, 49, 78, 79
financial structure
, 40
fragility
, 40
Japanese government bonds
, 4
Japanese journalists
, 237
Japanese markets
, 64
Japanese wage basket, Chinese labor embodied
, 31
Japan’s economy
, 67, 73
economic development
, 202
economic policy
, 68
economic stagnation
, 64
Japan’s GDP
, 67
Japan’s inflation-adjusted economic growth
, 65
Japan’s laborers’ wage commodity
, 17
Japan’s torrent-like exports
, 66
Japan’s trade surplus
, 66
Japan’s workforce
, 69
Job securities
, 113, 114
Johansen’s cointegration test
, 53, 54
Joint Committee for Migrants in Korea (JCMK)
, 273, 274
Kaldor-Verdoorn effect
, 92
Keynesian economics
, 142
Keynesian macro-dynamic model
, 40, 41
Keynesian model
, 40
Keynesian wage-led growth model
, 2
Korea
, 31
Korea BorgWarner Changwon Union
, 276
Korean Confederation of Trade Unions (KCTU)
, 275, 277
Korean economy
, 7, 86, 88
Korean labor movement
, 273
Korean workers
, 95
Kuznets curve
, 112
Labor
, 146–148
conversion rate of
, 27
heterogeneity of
, 16
Labor discipline, self-conscious observation of
, 166
Labor disputes
, 88
Labor embodied
own-country labor
, 33
in wage basket
, 33
Labor force, public management of
, 179
Labor income share
, 90
Labor Law
, 113
Labor management, restructuring of
, 173
Labor markets
, 173
de-regulating
, 64
deregulation of
, 67
flexibility
, 96
Labor migration
, 254, 265
Labor mobility, irregularity of
, 260
Labor power
, 269
Labor productivity
, 86, 92, 95
time series of
, 89
Labor system
, 164, 173
Labor value
, 21, 22, 24, 29
conditions for profit’s existence
, 18–19
contribution of
, 32
defined
, 17, 22
direct coefficient
, 22
equation
, 21
global matrix
, 24
role for
, 16
in single economy
, 17–18
measuring
, 19–21
surplus value, conversion rate
, 26
wage basket
, 26
composition of
, 29–32
Labour Law
, 176
Labour Law of 1994
, 174
Law on Commercial Banks
, 178
LDP’s economic policy
, 67
Leftism
, 238
Legalizing labor relations
, 176–177
Lehman Brothers
, 4
Lenders’ risk
, 43, 48, 51
Li, Minqi
, 239
Living individuals
, 265
Loans
crisis
, 40
tightening
, 48
Loss of wage
, 113
Macro-dynamics, in East Asia
, 2–8
Maoism
, 238, 240
Maoist era
, 114, 162
Maoist ideas
, 238
Maoist label
, 242
Maoist model of state capitalism
, 165
Maoist party leaders
, 166
Maoist social relations
, 161
Mao’s Cultural Revolution
, 228
Mao’s death
, 165, 166
Marginal propensity
, 42
Market discipline
, 172
Market of land
, 231
Marx-biased technical change (MBTC)
, 7, 85, 86, 92
Marxian alternative, for East Asia
, 10–11
Marxian approach
, 106
Marxian critiques
, 267
Marxian macro-dynamics
, 1
Marxian perspective
, 94
Marxian value
, 107
Marxian variables
, 111
for transitioning economy
, 106–110
Marxist accounts
, 187
Marxist concept
, 161
Marxist perspectives
, 161
Marxist political economy
, 9
of migration
, 265, 266
Marxists
, 255
Marxist theory
, 266
Marx’s analysis
of relative surplus value production
, 194
Marx’s Capital
, 184, 185, 188
Marx’s measure
, 115
Marx’s Preface to the Critique of Political Economy (MEW)
, 190
Material conditions for socialism
, 164
Material production
, 108
Material Product System (MPS)
, 108
Metal Workers Union
, 276
Metaphysics
, 290–292, 291, 297, 302
definition of
, 292
neoclassical
, 292
Mexican economy
, 113
Migrant branch
, 274
Migrant communities
, 274
Migrant domestic workers
, 269
Migrant labor
, 254, 268, 275, 279
subversive agency
, 265–268
Migrants
, 267
acts of subversion
, 267
inherently
, 267
Migrant Trade Union (MTU)
, 275–277
Migrant workers
, 176, 270, 271, 279
activism
, 269
growth of
, 118
movement
, 274, 277
social unrest and radicalization
, 180
Minister of Finance
, 67
Ministry for the Development of Urban and Rural Housing
, 245
Ministry of Employment and Labor
, 86
Ministry of Finance
, 2
Ministry of Finance’s Financial Statement Statistics of Corporations by Industry
, 71
Mission for Filipino Migrant Workers (MFMW)
, 270
Mixed property relations
, 202
Mobile labor
, 254–259, 256
Mode of production
, 134
Monetary policy
, 70, 203
aims of
, 70
expansionary
, 69
nontraditional
, 64
Money demand function
, 42
Money stock
, 74
Municipality
, 231
government’s revenue
, 234
National borders modernization
, 260
National Congress of CPC
, 248
National Development and Reform Commission
, 248
National economic growth
, 160
National income
, 85
National industrialization
, 258
National Intelligence Report (NIC)
, 186
National personality
, 192
National prosperity
, 160, 179
Nature-like market discipline
, 160
Neoclassical claims
, 86
Neoclassical economics
, 7
Neoclassical endogenous growth theory
, 93
Neoclassical policy
, 69
Neo-Gramscian analyses
, 187
Neoliberal globalization
, 254, 255, 258, 272
Neoliberal policies
, 78
Neoliberal structural reforms
, 68
Net income
, 43
Net rate of profit, decomposition of
, 116–118
Network for Critical Studies of Global Capitalism (NCSGC)
, 137
New normal
, 106, 118–119
New York Times
, 186
NGO, Hong Kong-based
, 271
Nikkei stock average
, 71
Nominal disposal income
, 75
Non-bank financial institutions
, 168
Non-capitalist market economy
, 187
Nonperforming loans
, 3, 40
Non-profit institutions
, 109
Nonregular employees
, 68
Non-Western rising states
, 186
North Atlantic Treaty Organization (NATO)
, 136, 198, 208
Oceania
, 134–139, 142, 145–146, 152
15 October incident
, 240
ODI
, 213
OECD countries
, 91
OECD economies
, 95
OECD members
, 96
OECD Structural Analysis database
, 93
Officially sanctioned resolution processes
, 177
One Belt, One Road
, 229
Output expansion function
, 40
Overseas Domestic Workers Union
, 271
Pacific Rim
, 138
PACOM
, 215
Park, Geun-Hye
, 2
Party of the foreigner
, 193
People’s Bank of China (PBC)
, 168, 177, 178
Philippines, foreign domestic workers
, 268
Physical punishment
, 269
Policymakers
, 136, 139
Policy-rate balance
, 5
Political economists
, 134, 142
Political economy
, 239
contemporary dynamics of
, 136
globalization and the contemporary dynamics of
, 136
Political measures
, 193
Political stability
, 179
Post-Chiang Mai Initiative in 2009
, 214
Post-Mao reform, historical context of
, 164–166
Poverty
, 238
Power transition
, 144
PRC
, 242
President Obama
, 186
Price reforms
, 248
Prison Notebooks
, 192, 194
Private business
, 235
Privitization
, 163
Problem-solving
, 247
Production capital
, 148–149
Production of Commodities by Means of Commodities (PCMC)
, 287, 296
Productive sectors
, 109
Profit
, 233
Profitability
, 106, 107, 118, 119
crisis
, 202
Profit-driven culture-ideology of consumerism
, 141
Profit seeking
, 145
Progressive economists
, 1
Progressive Labor Union of Domestic Workers
, 271
Proliferation of borders
, 260
Public housing construction
, 233
Public housing program
, 233
Public ownership
, 235
Public rental housing
, 245
Public sector shrunk
, 173
Qi, Hao
, 7–8
Qifan, Huang
, 232
QQE. See Quantitative and Qualitative monetary easing (QQE)
Quaderni
, 189, 191
Quantitative and Qualitative monetary easing (QQE)
, 4, 5
Bank of Japan
, 4
with yield curve control
, 5
Race-based categories
, 262
Racial institutions
, 262
Racialization
, 135–136
Rate of profit
, 301
Rate of real economic growth
, 65
Rate of surplus value (RSV)
, 106, 111, 112
in China
, 106
contribution of
, 117
decomposition of
, 117
net rate of profit
, 117
and profitability
, 107
R&D investment
, 93
Real exports, growth rate of
, 74
Real GDP, growth rate of
, 72
Real private consumption, growth rate of
, 73
Real private investment, growth rate of
, 74
Real profit, defined
, 41
Real wages
, 75
income
, 41
rate
, 92
relationship between technical change
, 88–92
time series of
, 89
Reconfiguring sovereignty
, 137
Recursive VAR
, 40, 47, 49, 51, 53, 54
analysis
, 47, 53
model
, 47, 49, 51–57
Red Songs
, 242
campaign
, 236
Reform in China
, 160–164
first phase of reform
limitations
, 167–171
governing strategy
, 179–181
market-oriented
, 160
second phase of reform
, 171–179
Reforms test field
, 230
Regional economic organizations
, 208
Regular employees
, 68
Regular employment
, 69
Relative geopolitical autonomy
, 188
Rest of the world (RoW)
, 28
Revival of the Cultural revolution
, 236
Revolution against Capital
, 190
Rise of China
, 199
Routh-Hurwitz conditions
, 46
RSV. See Rate of surplus value (RSV)
Rural migrant workers, into cities
, 175–176
Rural residents
, 175
Rural underemployed population
, 113
Russian Revolution
, 200, 261
Samwoo Precision Industry Union
, 276
Self-employed sector
, 110
Seongseo Industrial Park Trade Union
, 274
Seoul-Gyeongi Equal Trade Union in 2001
, 274
Singing Red
, 236, 237
Skills
, 269
Social classes
, 134, 137, 139, 141
Social forces
, 189
Socialism
, 239, 245, 250
Socialist consciousness
, 166
Socialist market economy
, 202
Socialist Transformation
, 107
Social movement citizenship
, 11, 254, 268
democracy against capitalism
, 268–279
Social polarization
, 1
Social protection
, 174
Social reproduction
, 141
Social wages
, 162
Socioeconomic policies
, 162
Socioeconomic system, in East Asia
, 10
Solow’s misreading of Sraffa
, 295–297
Solow's response
, 287–293
South China Sea
, 214, 216
South Korea
, 254, 255
capitalism
, 255
international migrant population
, 255
migrant workers
, 268, 273, 275
mobile labor
, 255, 256
Soviet Union
, 200
Special Economic Zones
, 246
Sprague-Silgado reviews
, 8
Sraffa, general equilibrium framework
, 289–290
Sraffa recalls
, 289
Sraffa’s model
, 290
Sraffa’s prices
, 290
Sraffa’s rate of profits
, 289
Sraffa’s theory
, 289
State apparatus
, 151–152
State capitalism
, 162, 202
State-owned enterprises (SOEs)
, 161, 178, 179
State-owned specialized banks (SOBs)
, 168
State policymakers
, 141
Stochastic simulations
, 57
Stock, purchase of
, 70
Structural change
, 40, 51, 56, 57
Sturm und Drang hegemony
, 197
Subversive migration
, 261
Supernumeraries
, 146
Supervisory labor
in China’s state-socialist economy
, 110
compensation
, 111
Surplus value (SV)
, 110, 112
conversion rate
, 26
SV. See Surplus value (SV)
Taiwan
, 31
Taiwanese transnational capital
, 143
Tax rate
, 234
TCC. See Transnational capitalist class (TCC)
Technical change
historical directions
, 85–88
Tertium gaudens
, 215
Testing grounds
, 247
Thailand, foreign domestic workers
, 268
Thai Migrant Workers Union
, 271
Thai Regional Alliance in Hong Kong
, 270
The Chongqing Model revisited
, 239
The Economist
, 233
The economy as a whole
, 291
THEM
, 263, 278
Theoretical model
, 41–47
Tiger economies
, 257
Township and village enterprises (TVEs)
, 164, 168, 173, 179, 202
credit-dependent
, 175
Trading partner
, 212
Transform China
, 164
Transmission mechanisms
, 70
Transnational capital
, 199
agricultural exports
, 152
Chinese fractions
, 138
Transnational capitalism
, 147
state/hegemony, in East Asia
, 8–9
Transnational capitalist class (TCC)
, 134, 138, 145–146, 148
activities of
, 138
formation
, 139
model
, 141
Transnational capitalist processes
, 8
Transnational corporations (TNCs)
, 135
Transnational dynamics
, 149–150
Transnational financial institutions
, 135
Transnational global capitalism
, 8
Transnationally oriented elites
, 151–152
Transnational-oriented capitalists
, 139
Transnational processes
, 134
Transnational production capital
, 149
Transnational social
, 137
Trans-Pacific Partnership (TPP)
, 64, 70, 138, 216
TVEs. See Township and village enterprises (TVEs)
Ultra-expansionary policy
, 69
Unemployment rate
, 75
Union of Nepalese Domestic Workers
, 271
United Filipinos in Hong Kong (UNIFIL)
, 270
United States
, 90, 96, 110, 180, 260
difficulties in countering
, 214–217
economy
, 107, 113, 215
imperialist rivals
, 202–217
treasury bonds
, 201
Treasury Department
, 139
Unlimited supply of labor
, 202
Unproductive sectors, share of surplus value
, 114
U.N. System of National Accounts (SNA)
, 108
U-shape, of labor’s share
, 112
USSR
, 165
Valorization borders
, 259–264
Variable capital (VC)
, 110
Vector autoregression (VAR) analysis
, 40, 51
Vector error-correction model (VECM)
, 90
Verbal abuses
, 269
Wages
basket
Chinese labor embodied
, 34
foreign labor embodied
, 33
own-country labor embodied
, 33
in China
, 29
cost induced labor productivity
, 91
cutting
, 163
high
, 291
labor embodied composition, in countries’ wage baskets
, 30
and labor hours
, 29
low
, 291
Wal-Mart
, 111
War on Terror
, 215
Washington Consensus
, 210
Western media
, 237
Western observers
, 246
West European-style neo-mercantilist regional trade policy
, 206
Worker Dispatching Law
, 3
Work intensification
, 163
World Bank
, 29, 139
World capitalism
, 134–136
World Development Indicators (WDI)
, 29
World Input Output Database (WIOD)
, 6, 28, 29
World-systems theory
, 189
World Trade Organization (WTO)
, 111, 142, 201
Yanda
, 235
Youngjin Industry Union
, 276
Youth unemployment
, 167
- Prelims
- Introduction: Return of Marxian Macro-Dynamics in East Asia
- Part I Macro-Dynamics in East Asia
- Labor Value and Exploitation in the Global Economy
- Financial Instability in Japan: Debt, Confidence, and Financial Structure
- A Historical Perspective and Evaluation of Abenomics
- Biased Technical Change and Economic Growth: The Case of Korea, 1970–2013
- Dynamics of the Rate of Surplus Value and the “New Normal” of the Chinese Economy
- Part II State and Hegemony in East Asia in the Context of Transnational Capitalism
- The Transnational Capitalist Class and Relations of Production in Asia and Oceania
- A Critical Review of China’s Reform
- Why China is Different: Hegemony, Revolutions and the Rise of Contender States
- Part III Consideration of Aspects for a Marxian Alternative for East Asia
- The Chongqing Model – Socialist Alternative or Propaganda Cliché?
- Subversive Migration, Citizenship from below and Democracy against Bordered Capitalism
- Part IV Communications on Chapters on Sraffa in RPE
- Addendum to Carter’s “Response to Professor Solow”
- Comments on Verger’s “Addendum”
- Reply to Yoann Verger
- Index