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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

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Retrospective examination reveals how fiscal policy and global labor movements shape capitalism, indicating mutual influences.

China's fiscal policies deeply influenced global labor movements and capitalist systems, enhancing integration.
The study reveals historical tensions between capitalism and democratization through labor movements and fiscal adjustments.
Utilizing world-systems theory, the analysis shows the dynamic interplay between fiscal policy and labor-capital relations.
The findings suggest that fiscal policy is crucial for addressing structural challenges in a globalized economy.

Byung-Wook Min (2025) studied this question.

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