Global China’s Shadow Exchange
Global China’s Shadow Exchange by Tak-Wing Ngo, published by Cambridge University Press on February 1, 2024, is a concise exploration of China’s evolving role in globalization. This 90-page work examines how China has engaged in both overt and covert globalizing processes, particularly through its Belt and Road Initiative and various shadow networks. The book presents an analysis of how these networks have involved millions of individuals who unknowingly participate in a global shadow economy, highlighting a shift from traditional neoliberal frameworks.
Readers will find a detailed discussion on the dynamics of this shadow economy, characterized by diverse actors including individuals, corporations, and states, each with distinct roles and hierarchies. The text delves into how China, as a central figure in these operations, is reshaping global city networks, redefining value chains, and altering state borders and power structures. This edition offers insights into the political science aspects of globalization, making it a relevant resource for those interested in contemporary global issues.
Official synopsis Publisher
This Element shows China has assumed a historical role in shaping a new turn in globalization. It has assertively engaged in the open globalizing process through its Belt and Road Initiative as well as in the clandestine process through its shadow networks. These networks have incorporated millions of common people who are unwitting agents of transnational exchange in a global shadow economy. In contrast to the neoliberal phase, the shadow turn in globalization is driven by a plurality of individual, corporate, and state actors with unique divisions of labour, hierarchies of control and domination, and modes of operation. By virtue of being a nodal centre for shadow operations, China is exerting its shadow power in regrouping global city networks, redefining global value chains, and reconfigurating state borders and power.
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