The massive economic transformations and political upheavals that have been sweeping China and the Soviet Union in the final decades of the twentieth century are among the great dramas of our time. Yet the origins of these revolutionary changes are murky and their outcomes unclear. Have we witnessed the demise of an archaic authoritarian order and the rise of pluralism and democracy, or are the tumultuous events of the post-Mao era and the period of perestroika more usefully viewed in light of broader patterns of power and politics in Chinese and Russian history? Considering these questions with a new interpretation of power relations and political processes in China and Russia, Mark Lupher explores the imperial era, the communist period, and the current situation in both countries. Rather than speaking of “reform,” which too often is understood as liberalization along Western lines, his discussion is focused on power restructuring—the ebb and flow of state power; the centralization and decentralization of political and economic power; and the three-way struggles between central rulers, various elites, and nonprivileged groups that drive these processes. Lupher’s power-restructuring analysis is noteworthy in combining broad comparative-historical analysis and conceptualization with a closely focused discussion and reinterpretation of the Chinese Cultural Revolution—the core of his book. By comparing and bringing new light to bear on a series of pivotal episodes in Chinese and Russian history, he furthers our understanding and assessment of processes that will continue to unfold in China, Russia, and the former Soviet republics.

This book explores Russia’s efforts towards both adapting to and shaping a world in transformation. Russia has been largely marginalized in the post-Cold War era and has struggled to find its place in the world, which means that the chaotic changes in the world present Russia with both threats and opportunities. The rapid shift in the international distribution of power and emergence of a multipolar world disrupts the existing order, although it also enables Russia to diversify it partnerships and restore balance. Adapting to these changes involves restructuring its economy and evolving the foreign policy. The crises in liberalism, environmental degradation, and challenge to state sovereignty undermine political and economic stability while also widening Russia’s room for diplomatic maneuvering. This book analyzes how Russia interprets these developments and its ability to implement the appropriate responses.

China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country’s rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China’s path. In the first post-Mao decade, China’s reformers were sharply divided. They agreed that China had to reform its economic system and move toward more marketization—but struggled over how to go about it. Should China destroy the core of the socialist system through shock therapy, or should it use the institutions of the planned economy as market creators? With hindsight, the historical record proves the high stakes behind the question: China embarked on an economic expansion commonly described as unprecedented in scope and pace, whereas Russia’s economy collapsed under shock therapy. Based on extensive research, including interviews with key Chinese and international participants and World Bank officials as well as insights gleaned from unpublished documents, the book charts the debate that ultimately enabled China to follow a path to gradual reindustrialization. Beyond shedding light on the crossroads of the 1980s, it reveals the intellectual foundations of state-market relations in reform-era China through a longue durée lens. Overall, the book delivers an original perspective on China’s economic model and its continuing contestations from within and from without.

Rekindling the Strong State in Russia and China offers a thorough analysis of the profound regeneration of the State and its intense interaction with the external projections of Russia and China. In the international political scene, leaderships are under constant negotiation. Financial crisis, social and cultural transformations, values setting and migration flows have a deep impact on global powers, leading to the appearance of new actors. At present, the assumed rise of a new axis between two emerging powers, such as Russia and China, effaces their different backgrounds, leading to misinterpretations of their positioning in the geopolitical arena. This book is an essential and multifaceted guide aimed at understanding the deep changes that affect these two countries and their global aspirations. Contributors are: Marco Puleri; Andrea Passeri; Marco Balboni; Carmelo Danisi; Mingjiang Li; Mahalakshmi Ganapathy; Rosa Mulè; Olga Dubrovina; Evgeny Mironov; Yongshun Cai; Vasil Sakaev; Eugenia Baroncelli; Sonia Lucarelli; Nicolò Fasola; Stefano Bianchini; Stanislav Tkachenko; Vitaly Kozyrev; Marco Borraccetti; Francesco Privitera; Antonio Fiori, Massimiliano Trentin; Arrigo Pallotti; Giuliana Laschi; Michael Leigh.

In 1991, a small group of Russians emerged from the collapse of the Soviet Union and enjoyed one of the greatest transfers of wealth ever seen, claiming ownership of some of the most valuable petroleum, natural gas and metal deposits in the world. By 1997, five of those individuals were on Forbes Magazine's list of the world's richest billionaires.

The days of rapid economic growth in China are over. Mounting debt and rising internal distortions mean that rebalancing is inevitable. Beijing has no choice but to take significant steps to restructure its economy. The only question is how to proceed. Michael Pettis debunks the lingering bullish expectations for China's economic rise and details Beijing's options. The urgent task of shifting toward greater domestic consumption will come with political costs, but Beijing must increase household income and reduce its reliance on investment to avoid a fall.