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China, Trade and Power

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Release : 2018
Genre : BUSINESS & ECONOMICS
Kind : eBook
Book Rating : 838/5 ( reviews)

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Book Synopsis China, Trade and Power by : Stewart Paterson

Download or read book China, Trade and Power written by Stewart Paterson. This book was released on 2018. Available in PDF, EPUB and Kindle. Book excerpt:

China, Trade and Power: Why the West’s Economic Engagement Has Failed

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Release : 2018-10-18
Genre : Business & Economics
Kind : eBook
Book Rating : 823/5 ( reviews)

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Book Synopsis China, Trade and Power: Why the West’s Economic Engagement Has Failed by : Stewart Paterson

Download or read book China, Trade and Power: Why the West’s Economic Engagement Has Failed written by Stewart Paterson. This book was released on 2018-10-18. Available in PDF, EPUB and Kindle. Book excerpt: From a Western point of view, the policy of economic engagement with China has failed. A rapid rise in living standards in China has helped legitimize and strengthen the Chinese Communist Party’s power. How did Western, market-orientated, property-owning, liberal democracies go from being in a position of complete global hegemony in the early 1990s to the current crisis of confidence and loss of moral foundation? This book tells the story of the most successful trading nation of the early twenty-first century. It looks at how the Communist Party of China has retained and cemented its monopoly on political power since China’s accession to the World Trade Organization in December 2001. It is the most extraordinary economic success story of our time and it has reshaped the geopolitics not just of Asia but of the world. As China has come to dominate global manufacturing, its economic power has been translated into political power, and the West now has a global rival that is politically antithetical to liberal values. The supply-side deflation from allowing 750 million low-cost workers into the global trading system combined with the policy of inflation targeting by Western central banks has led to falling real incomes for many in the West and rising asset prices that have benefited the few. Worse still, China’s mercantilist model is now held up as a viable economic alternative. To have a fighting chance of protecting the freedoms of liberal democracies, it is of the utmost importance that we understand how the policy of indulgent engagement with China has affected Western society in recent years. Only then can the global trading system be reoriented for the mutual benefit of all nations.

Getting China Wrong

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Release : 2022-03-14
Genre : Political Science
Kind : eBook
Book Rating : 131/5 ( reviews)

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Book Synopsis Getting China Wrong by : Aaron L. Friedberg

Download or read book Getting China Wrong written by Aaron L. Friedberg. This book was released on 2022-03-14. Available in PDF, EPUB and Kindle. Book excerpt: The West's strategy of engagement with China has failed. More than three decades of trade and investment with the advanced democracies have left that country far richer and stronger than it would otherwise have been. But growth and development have not caused China's rulers to relax their grip on political power, abandon their mercantilist economic policies, or accept the rules and norms of the existing international system. To the contrary: China today is more repressive at home, more aggressive abroad, and more obviously intent on establishing itself as the world’s preponderant power than at any time since the death of Chairman Mao. What went wrong? Put simply, the democracies underestimated the resilience, resourcefulness, and ruthlessness of the Chinese Communist Party. For far too long, the United States and its allies failed to take seriously the Party's unwavering determination to crush opposition, build national power, and fulfill its ideological and geopolitical ambitions. In this timely and powerfully argued study, Aaron Friedberg identifies the assumptions underpinning engagement, describes the counterstrategy that China's Communist Party rulers devised in order to exploit the West's openness while defeating its plans, and explains what the democracies must do now if they wish to preserve their prosperity, protect their security, and defend their common values.

Schism

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Release : 2019-09-10
Genre : Business & Economics
Kind : eBook
Book Rating : 867/5 ( reviews)

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Book Synopsis Schism by : Paul Blustein

Download or read book Schism written by Paul Blustein. This book was released on 2019-09-10. Available in PDF, EPUB and Kindle. Book excerpt: China's entry into the World Trade Organization (WTO) in 2001 was heralded as historic, and for good reason: the world's most populous nation was joining the rule-based system that has governed international commerce since World War II. But the full ramifications of that event are only now becoming apparent, as the Chinese economic juggernaut has evolved in unanticipated and profoundly troublesome ways. In this book, journalist Paul Blustein chronicles the contentious process resulting in China's WTO membership and the transformative changes that followed, both good and bad - for China, for its trading partners, and for the global trading system as a whole. The book recounts how China opened its markets and underwent far-reaching reforms that fuelled its economic takeoff, but then adopted policies - a cheap currency and heavy-handed state intervention - that unfairly disadvantaged foreign competitors and circumvented WTO rules. Events took a potentially catastrophic turn in 2018 with the eruption of a trade war between China and the United States, which has brought the trading system to a breaking point. Regardless of how the latest confrontation unfolds, the world will be grappling for decades with the challenges posed by China Inc.

Economic Power in the Sino-U.S. Relationship

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Author :
Release : 1995
Genre : China
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Economic Power in the Sino-U.S. Relationship by : Kevin F. Donovan

Download or read book Economic Power in the Sino-U.S. Relationship written by Kevin F. Donovan. This book was released on 1995. Available in PDF, EPUB and Kindle. Book excerpt: Military strength has become inconsequential in the pursuit of any industrialized nation's most vital interests. Alternatively, states would do well to focus on the possibilities of exploitation of power through economic strength and economic interdependence. This research reviews the theoretical approached to power and interdependence and applies these concepts to the bilateral relationship between the U.S. and People's Republic of China. This case study suggests that: (1) the post-Cold War national interests of these two disparate countries typify the international shift to economics-based power, and (2) under carefully qualified circumstances, power can arise from asymmetries in economic Although 'engagement' has failed to capture the strategic imagination of its predecessor, President Clinton undoubtedly sees his election as rooted in national economic rejuvenation, not grand security strategies. Clear signals exist that demonstrate the Chinese leadership's dedication to economic growth as the nation's number one priority. New career paths have emerged for clever revisionists who can accommodate Maoist Marxism to Western capitalism.

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