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While the literature of hybrid regimes has given up the presumption that post-communist countries must democratize, its language and concepts still mostly relate to Western democracies. Magyar and Madlovics strongly argue for a vocabulary and grammar tailored to the specifics of the region. In 120 theses they unfold a conceptual framework with (1) a typology of post-communist regimes and (2) a detailed presentation of ideal-type actors and the political, economic, and social phenomena in these regimes. The book is a more digestible companion to the 800-page The Anatomy of Post-Communist Regimes (CEU Press, 2020), which was a detailed theoretical study with plenty of empirical illustrations.

Each of the 120 theses contains a statement and its concise discussion supported by illustrative tables, figures, and QR-codes that connect the interested reader to the more detailed analysis in the Anatomy. In a condensed variety, this book has kept the holistic approach of the Anatomy and treats the spheres of political, market, and communal action as parts of a single, coherent whole. The endeavor to synthesize a vast range of ideas does not, however, result in a too complicated text. On the contrary, freed from the implicit presumptions of democracy theory, the new terminology yields a readily usable toolkit of unambiguous means of expression to speak about post-communism.

One of the most significant global events in the last forty years has been the rise of China— economically, technologically, politically, and militarily. The question on people's minds for decades has been whether China will replace the United States as a superpower in the near future. But for China, this power must be comprehensive — having strong economic and militant forces are only two pieces of the puzzle. China must also possess soft power, such as attractive ideologies, values, and culture.

Rapid social economic changes, the transition from a planned economy to a market economy, or even economic liberalization can lead to political instability and the collapse of authoritarian regimes. Despite experiencing all of these unprecedented changes in the past forty years, China under the Chinese Communist Party’s leadership has so far successfully transformed and improved both its governance capacity and its ruling capacity. Governing and Ruling: The Political Logic of Taxation in China addresses this regime resilience puzzle by examining the political logic of its taxation system, especially the ways in which taxation helps China handle three governance problems: maneuvering social control, improving agent discipline, and eliciting cooperation. Changdong Zhang argues that a taxation system plays an important role in sustaining authoritarian rule, in China and elsewhere, by combining co-optation and repression functions. The book collects valuable firsthand and secondhand data; studies China’s taxation system, intergovernmental fiscal relationships, composition of fiscal revenue sources, and tax administration; and discusses how each dimension influences the three governance problems.

A critical history of the US dollar’s dominance in the world economy—and what has kept China’s currency from overtaking it.

The dollar is the primary currency of the world economy. With China now rivaling the United States on the world stage, a critical question hangs in the balance: will the Chinese renminbi challenge the status of the dollar and, in doing so, deprive America of its “exorbitant privilege”?

In GreenbackEmpire, Ho-fung Hung offers a powerful account of why, even as American shares of global production, ownership, and trade continue to decline, its currency has retained the support of governments and investors around the world. For six decades, Hung shows, the dominance of the dollar has rested on the security umbrella that the US offers to the world’s wealthiest countries—including oil producers. To these countries, support for the value of the dollar is tantamount to maintaining US protection. While China has become a serious geopolitical and economic rival to the US, the Chinese state’s airtight control of its financial system has delayed the free trading of the renminbi, limiting the currency’s internationalization. In short, the same strategy that engineered growth in China’s economy is restraining its currency's rise in opposition to the dollar. Hung’s Greenback Empire is an essential history of the dollar’s prowess, indispensable for understanding the future of the global monetary system.