Asian Political Economy (13)

In “Giovanni Arrighi in Beijing:  Rethinking the Transformation of the Labor Supply in Rural China During the Reform Era,” Hao Qu and Zhongjin Li use a Marxian political economy perspective to analyze the formation of the reserve army of labor in China during the reform era, which began in 1978. Building from the work of Arrighi, and critiquing the highly influential Lewis model, Qu and Li show how the formation of an industrial reserve army in China has been an historical process in which the state has played an active role.

Revisiting the Gender Wage Gap in Korea: Focusing on Working Hours by Occupation

Working Paper, December 2017 | Nayeon Lim, Minsik Choi

This paper by Nayeon Lim and Minsik Choi explores the relationship between working hours and the gender wage gap in Korea. Because the labor practice of working long hours in South Korea favors men, who tend to spend little time on domestic labor, long working hours can influence the gender wage gap by discriminating against women. Among other factors, working hours have a positive effect on the gender wage gap in male-dominated occupations, but not in female-dominated ones. Thus, working long hours could be a primary factor explaining the large gender wage gap in Korea, where most occupations are male-dominated.
In this book, Stephen Cohn of Knox College analyzes how and why neoclassical and new institutionalist economics replaced Marxist economics as the dominant political-economic paradigms inside China. The book examines the different ways that Marxist and neoclassical economists thought about rural restructuring, the reorganization of the international sector, and the performance of state owned enterprises. It finds the reconstruction of the Chinese economics profession in the image of the American profession reflected the impact of classical liberalism, the daily language of market-speak, and abandonment of questions about the construction of socialism.
This paper by Hao Qi creates a time series of the rate of surplus value for the Chinese economy over the extended period 1956-2014, using a Marxian approach. It finds that the high profitability that stimulated capital accumulation in the decade before the 2008 crisis had relied on the continuous growth in the rate of surplus value.  But after the crisis, the conditions supporting a high rate of surplus value—an expanding external market, a relatively large reserve army of labor, and a low debt-income ratio—have weakened.  This has led to a "new normal" pattern of declining profitability in China.

China, India and Southeast Asia: Paths to Development and State-Society Relations: Introduction

The Commonwealth Journal of International Affairs

Journal Article, November 2016 | Vamsi Vakulabharanam, Edmund Terence Gomez, Cheong Kee Cheok

PERI’s Vamsi Vakulabharanam co-authors two new articles in a Commonwealth Journal of International Affairs’ special edition on China, India and Southeast Asia. In the Introduction to the special edition, Vakulabharanam and co-authors present an overview of the complexities of state-society relations and address the effects of India and China’s new political economies on Southeast Asia and the global economy. In a second piece, “Growth and Distribution Regimes in India,” the authors discuss the four different regimes of capitalist growth and distribution since India’s Independence. They show that as economic growth in India accelerated, private capitalists and professional classes became increasingly able to utilize the state to further their own interests.

Growth and Distribution Regimes in India since Independence

The Commonwealth Journal of International Affairs

Journal Article, November 2016 | Vamsi Vakulabharanam, Rahul De

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