Structural Embeddedness of China's Fiscal Policy and the Global Labor Movement in the Era of Globalization: A Retrospective Historical Analysis Based on the Extended Framework of the World-Systems Theory

Main Article Content

Boyuan Min
School of Humanities and Social Sciences, Xi'an Jiaotong-Liverpool University (China), Suzhou 215028, China

DOI: https://doi.org/10.70267/fer.250203.110118

Keywords

world systems, labor movement, fiscal policy, reform and opening-up, labor‒capital conflict

Abstract

This paper examines the structural embeddedness of China's fiscal policy and the international labor movement within the capitalist world system, emphasizing their dynamic interplay and mutual influence. By utilizing the extended framework of world-systems theory, this study explores how global labor movements have historically driven capitalist world-systems transformations and how China’s fiscal adjustments have facilitated their integration into the capitalist system. The analysis highlights the structural contradictions between capitalism and democratization, illustrating how these tensions manifest through fiscal policy, labor movements, and global value chain dynamics. The paper argues that China’s fiscal strategies, particularly during its reform and opening-up period, not only deepened its integration into the global system but also shaped labor‒capital relations worldwide. This research contributes to understanding how fiscal policy serves as a critical tool for navigating structural challenges in a globalized economy.

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Published
Oct 11, 2025
Issue
Vol. 2 No. 3 (2025)
Section
Research Articles
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How to Cite

Min, B. . (2025). Structural Embeddedness of China’s Fiscal Policy and the Global Labor Movement in the Era of Globalization: A Retrospective Historical Analysis Based on the Extended Framework of the World-Systems Theory. Financial Economics Research, 2(3), 110-118. https://doi.org/10.70267/fer.250203.110118

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