Li Minqi

“For the capitalist world-economy, the problem of China lies with its huge size. China has a labor force that is larger than the total labor force in all of the core states, or that in the entire historical well0to-do semi-periphery. As China competes with the well-to-do semi peripheral states in a wide range of global commodity chains, the competition eventually would lead to the convergence between China and the historical well-to-do semi-peripheral sates in profit races and wage rates. This convergence may take place in an upward manner or a downward manner.”

“The Revolution is dead. Long Live the Revolution”

“China's dramatic rise as a global economic power is one of the most important developments at the current world-historical conjuncture. Many have wondered how the rise of China will shape the world-historical trajectory of the twenty-first century Will China become the next hegemonic power? If yes, what would the new China-centered global system look like? if not, what would be the implications for the existing world-system?”