| Full text | |
| Author(s): |
Vieira, Vinicius G. Rodrigues
Total Authors: 1
|
| Document type: | Journal article |
| Source: | JOURNAL OF POLITICAL POWER; v. N/A, p. 25-pg., 2025-02-24. |
| Abstract | |
The 2008 Global Financial Crisis (GFC) was a critical juncture that prompted not only transformations among market actors but also within the international order. The crisis undermined the normative foundations of neoliberalism. State-led capitalism emerged as a credible alternative to free-market economics. The 'Beijing Consensus' now presented a serious challenge to the 'Washington Consensus'. In the aftermath of the GFC, China launched the Belt and Road Initiative (BRI), which represents a case of agential capitalism: Beijing's growing economic power was converted into structural power, which is defined as the capacity to shape the global order, thus challenging American hegemony. (AU) | |
| FAPESP's process: | 19/16970-5 - Brazil as a variety of emerging-market democracy: between the agenda of democracy and the agenda of globalization |
| Grantee: | Lourdes Sola |
| Support Opportunities: | Research Projects - Thematic Grants |