ABSTRACT
Globalization has run into two intersected momentous shifts over the past decade. One is an accelerating retreat in the Western-led economic globalization. The other is the continued surge of China as a leader of alternative economic globalization, via the Belt and Road Initiative. These two powerful trends are complicated by COVID-19 and the Ukraine war with their disruptions of global geopolitics, plus a potential technological decoupling between China and the United States as great-power rivals. This unprecedented combination of challenges and crises occasions a fresh analysis of the roles of the West versus China in shaping economic globalization past and present. Against the state-centric approach to globalization, I develop a historically-informed framework to couple spatial and sectoral analyses of the trajectories of economic globalization shaped by the West and China. I first examine the cross-regional dimensions of economic globalization across Eurasia featuring China's primary role in driving the China-Europe Freight Train. I then explore China's exceptional strength in delivering overseas infrastructure projects, as embodied by the China-Laos Railway, relative to the West's sectoral advantages bearing on economic globalization. Lastly, I summarily discuss the past and present roles of the West versus China in producing new divergence in future economic globalization.
ABSTRACT
The world's first epicentre of Covid-19 that contained the virus early and recovered quickly, Wuhan, the capital city of China's Hubei province, offers a rare case for examining the effective but unbalanced role of the Chinese state in recovering a post-Covid city against a continued zero-Covid policy. Due to institutional inertia in policy-making, Wuhan has experienced a two-track recovery of (i) rapid GDP growth from infrastructure investment fuelled by government stimuli and large state-owned enterprises, and (ii) a weak recovery for small private businesses and grassroots consumption. Combining analyses of city-level data and survey/interview information, this paper examines the unbalanced role of the Chinese state in producing Wuhan's uneven two-track economic recovery and its implications for recalibrating the roles of the central versus local governments and empowering the latter to rebalance from production to consumption and to improve livelihood.