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Dissertation main points
Introduction :globalization a historically constructed capitalistic process
China’s integration: engine and contradiction of global capitalism
The Sino-Amerian rivalry: a structured confrontation
Infrastructure : the new core of global power
A crisis of globalization : fragmentation of the world system
Conclusion : final synthesis
introduction : globalization is a political construction of capitalism
globalization : the process by which businesses or other organizations develop international influence or start operating on an international scale.
=> not a natural or spontaneous process, historically constructed by the evolution of capitalism and shaped by strategic choices of dominant states, especially the US
according to Benjamin Burbaumer (French economist specialized in globalization) : globalization is a poltical project launched in response to the crisis of capitalist profitability in the 1970s.
=> at that time : Western economies(US): faced declining industrial profits, rise inflation, increase competition
=> to restore profitability, capital needed to expand beyond national borders
led to the implementation of “spatial fix”: concept where capitalism solved its internal crises by relocating production to new spaces where labor is cheaper and regulations are weaker+> massive relocation from US and Europe toward Asia,
=>China : central platform of this new global system: provided a large, disciplined and relatively skilled workforce at very low cost. => ex : allowed western multinational, as Apple rely heavily on Chinese industrial zones (like Foxconn factories) for the assembly of electronic productions.
=> value chain : globally fragmented, but production concentrated in China
According to Giovanni Arrighi (contemporary Italian economist and sociologist specialized in US hegemony and globalization) : process corresponds to a broader historical pattern : very hegemonic power reorganizes the global economy to restore accumulation during period of crisis
=> the UQ used globalization to extend its economic dominance
therefore : globalization is a neutral process of integration, but a capitalist strategy of global expansion to overcome internal crises of accumulation
China is both the product and the contradiction of globalization
initially China entered the world economy in a subordinate position, starting in the late 1970s
=> became the “world’s factory”, specialized in export-oriented industrial production
=>this integration into global supply chains allowed to to experience extremely rapid economic growth
=> western firms transferred capital, technology, production processes to China in order to benefit from its low labor costs
howevere , this integration gradually transformed China’s internal structure=> accumulation of capital, combined with strong state intervention : allowed China to move up technological ladder
=> developed advanced industries such as telecommunications, artificial intelligence, renewable energy and semiconductors
ex : Huawei or BYD illustrates china’s transition from assembly-based production to high-tech innovation and global competition
According to Bürbaumer, this evolution generates a structural contradiction within capitalism itself. by integrating china in global production networks, western capitalism has created a new industrial and technological competitor
china also faces internal contradictions : massive overproduction and excess industrial capacity
=> instead of shifting toward domestic consumption, Chinese state chose to maintain export-led growth and externalize its surplus through global infrastructure projects
Thus; China is both a product of global capitalism and a structural rival generated by its own dynamics
The Sino-American rivalry reflects a fragmentation of global capitalism
rivalry between US and China : not temporarily=reflects a deeper transformation of the global capitalist system
according to Giovanni Arrighi : US os entering a phase of hegemonic decline
=> historically every hegemonic cycles follows the same pattern : expansion through production, followed by financialization, then finally decline
=>since 1970s, US had increasingly relied on financial power rather than industrial production
=> includes the dominance of dollar, financial markets and debts-based consumption
However : financialization signals weaknesses rather than strength => reflects the inability of the US to maintain productive leadership
at the same time : China emerges as a systemic competitor≠US, China maintains strong industrial capacity and state-led investment strategies
Creates a structural conflict between two models :
=>the US : financial and monetary dominance
=> China : industrial and infrastructural expansion
rivalry : expressed through increasing economic and technological restrictions
ex : US implemented sanctions against Chinese companies such as Huawei and imposed restrictions on semiconductor exports
=> the CHIPS Act aims to relocate strategic production back to US territory
In response, China is developing alternative systems, including the CIPS payment system to reduce dependence on the dollar-based financial system
According to Bürbaumer, this dynamic leads to the fragmentation of the global market.
instead of a unified globalization system, the world is reorganizing into competing economic blocs
therefore : globalization is no longer an integrating force but a field of systemic conflict
Infrastructure becomes the central field of global power
in the contemporary global system, power is increasingly determined by control over infrastructure rather than traditional military conquest alone
infrastructure includes :
-financial systems
-digital networks
-transportation corridors
-technological standards
The US maintains its power through control of global financial infrastructure, particularly the dollar system
China is building infrastructures : the Belt and Road Initiative (RBI) creates a new trade corridors through railways, ports, energy pipelines connecting China to Europe, Arica and Asia
=> promotes its technological ecosystem, including 5G netxworks and artificial intelligence standards, challenging Western technological dominance
=> struggle over the rules of the global economy itself, not juste over markets or resources
Infrastructure has become the key instrument of geopolitical and economic power in the 21st century
Conclusion
Globalization : not a neutral process but a historical construction of capitalism designed to solve its internal crises of accumulation.
this process has generated structural contradictions, particularly through the integration of China into the global economy
While China served as a low-cost production platform for Western capitalism, it has evolved onto a major industrial and technological competitor
transformation produced a systemic rivalry with the US, which reflects a broader shift from a unified global system to a fragmented and conflictual word order
According to Aright and Bürbaumer, the current period represents a transition in the capitalist world system
=>the decline of American hegemony and the emergence of a more mutipolar but unstable blue global structure