Understanding International Economic Institutions and China through Uneven and Combined Development

Abstract

For many decades, we are witnessing the economic rise of China and the increasing integration of China into existing international economic institutions. However, this paper argues that prevalent international relations theories are insufficient to explain this conjuncture of international political economy. Instead, this paper proposes the theory of uneven and combined development (UCD) to further integrate the international dimension of historical unevenness that is resulting from the historical conditions of global capitalism. The argument of this paper proceeds in two steps: First, the liberal, realist and orthodox Marxist theories’ analytical assumptions are discussed to understand the rise of China and its integration into international economic institutions, mainly the World Trade Organization. Second, the UCD theory is applied to reveal historical unevenness and intersocietal interactions through global capitalism. It is argued that the historical unevenness both determined the integration of China into international economic institutions and has caused instability within global capitalism through the trade war between US and China.