Time and Location

Thursday, 25 January 2018, 19:00 – 21:00
Oesterreichische Kontrollbank (Reitersaal), Strauchgasse 3, 1010 Vienna

Program

Minqi Li
University of Utah, Salt Lake City, USA

Dorothy Guerrero
Global Justice Now, London, UK

Moderation
Karin Fischer, Mattersburg Circle for Development Studies at Austrian Universities/VIDC

Welcome
Martina Neuwirth, VIDC

Languages: English and German with simultaneous interpretation

Registration: neuwirth@remove-this.vidc.org

China. Save Capitalism?

© Shutterstock/hakule
© Shutterstock/hakule

Background

In recent years China has become the first and foremost driver of the global economy. China`s foreign investment has increased both in extent and scope. The One Belt and One Road Initiative will connect Asia, Europe and parts of Africa with harbors, oil pipelines, power grids, and high speed trains. The “new silk road” will not only foster economic relations. The rationale behind this initiative is also geo-political. There is already speculation as to whether China will not only replace the U.S. as the largest economic power but might also attain global leadership.

What are China's external interests? Does China as the world's largest holder of U.S. debt intend to strengthen its position in international power relations? Does the country's investment policy contribute to a new international division of labor, or does it repeat patterns of colonial exploitation? Will China further energize the world economy and make it environmentally more sustainable, or will its growth model intensify the economic crisis? Or will it even contribute to a global systemic crisis?

Podium

Minqi Li

is professor at the Department of Economics at the University of Utah. Minqi Li, a Chinese economist, researches global investments, financial flows and global imbalances with a particular focus on China and the US. Related work on the global ecological crisis and his world systems approach make him think about the very future of capitalism. His latest books are China and the Twenty-First Century Crisis, published in 2015 by Pluto Press, and Peak Oil, Climate Change, and the Limits to China’s Economic Growth, published in 2014 by Routledge.

Dorothy Guerrero

works for Global Justice Now, a democratic social justice organisation in London. She previously worked with Focus on the Global South (Bangkok), Asienhaus Deutschland and the Institute for Popular Democracy in the Philippines. She received her M.A. on the Politics of Alternative Development Strategies from the Institute of Social Studies in The Hague. Her work as researcher, educator, and campaigner spans almost 30 years. She works on and writes about climate change and the impacts of world trade and investments on people’s livelihoods in Asia. Her focus is currently on China‘s new role in the global political economy, see here.

Karin Fischer

is the head of the Politics and Development Research Department at the Institute of Sociology at Linz University as well as a consultant to the VIDC. She is the chairwoman of the Mattersburg Circle for Development Studies at Austrian Universities.

Martina Neuwirth

works at the VIDC on international economic and finance policy issues. Her major focus is on tax and development issues, especially on the impact of the international tax system on lower income countries.