From economic to structural power: agential capitalism, the belt and road initiative, and China's economic statecraft after the 2008 crisis

Autor(es)

Vieira, Vinicius G. Rodrigues

• Tipo de documento: Artigo Científico
• Fonte: JOURNAL OF POLITICAL POWER; v. N/A, p. 25-pg., 2025-02-24.

Resumo

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)

• Processo FAPESP: 19/16970-5 - Brasil como uma variedade de democracia de mercado emergente: entre a agenda democrática e a agenda da globalização
• Beneficiário: Lourdes Sola
• Modalidade de apoio: Auxílio à Pesquisa - Temático