Chinas Crisis Of Success

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China's Crisis of Success

Author : William H. Overholt
Publisher : Cambridge University Press
ISBN 13 : 1108389783
Total Pages : 306 pages
Book Rating : 4.1/5 (83 download)

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Book Synopsis China's Crisis of Success by : William H. Overholt

Download or read book China's Crisis of Success written by William H. Overholt and published by Cambridge University Press. This book was released on 2018-01-11 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's Crisis of Success provides new perspectives on China's rise to superpower status, showing that China has reached a threshold where success has eliminated the conditions that enabled miraculous growth. Continued success requires re-invention of its economy and politics. The old economic strategy based on exports and infrastructure now piles up debt without producing sustainable economic growth, and Chinese society now resists the disruptive change that enabled earlier reforms. While China's leadership has produced a strategy for successful economic transition, it is struggling to manage the politics of implementing that strategy. After analysing the economics of growth, William H. Overholt explores critical social issues of the transition, notably inequality, corruption, environmental degradation, and globalisation. He argues that Xi Jinping is pursuing the riskiest political strategy of any important national leader. Alternative outcomes include continued impressive growth and political stability, Japanese-style stagnation, and a major political-economic crisis.

Sustaining China's Economic Growth After the Global Financial Crisis

Author : Nicholas R. Lardy
Publisher : Peterson Institute
ISBN 13 : 088132647X
Total Pages : 213 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis Sustaining China's Economic Growth After the Global Financial Crisis by : Nicholas R. Lardy

Download or read book Sustaining China's Economic Growth After the Global Financial Crisis written by Nicholas R. Lardy and published by Peterson Institute. This book was released on 2012 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt:

In Line Behind a Billion People

Author : Damien Ma
Publisher : Pearson Education
ISBN 13 : 0133133893
Total Pages : 343 pages
Book Rating : 4.1/5 (331 download)

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Book Synopsis In Line Behind a Billion People by : Damien Ma

Download or read book In Line Behind a Billion People written by Damien Ma and published by Pearson Education. This book was released on 2014 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors set out each of the scarcities that could limit China's power and stall its progress. Beyond scarcities of natural resources and public goods, they explore China's persistent poverties of individual freedoms, institutions, and ideological appeal--and the corrosive loss of values among a growing middle class shackled by a parochial and inflexible political system.

Invisible China

Author : Scott Rozelle
Publisher : University of Chicago Press
ISBN 13 : 022674051X
Total Pages : 242 pages
Book Rating : 4.2/5 (267 download)

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Book Synopsis Invisible China by : Scott Rozelle

Download or read book Invisible China written by Scott Rozelle and published by University of Chicago Press. This book was released on 2020-09-29 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: A study of how China’s changing economy may leave its rural communities in the dust and launch a political and economic disaster. As the glittering skyline in Shanghai seemingly attests, China has quickly transformed itself from a place of stark poverty into a modern, urban, technologically savvy economic powerhouse. But as Scott Rozelle and Natalie Hell show in Invisible China, the truth is much more complicated and might be a serious cause for concern. China’s growth has relied heavily on unskilled labor. Most of the workers who have fueled the country’s rise come from rural villages and have never been to high school. While this national growth strategy has been effective for three decades, the unskilled wage rate is finally rising, inducing companies inside China to automate at an unprecedented rate and triggering an exodus of companies seeking cheaper labor in other countries. Ten years ago, almost every product for sale in an American Walmart was made in China. Today, that is no longer the case. With the changing demand for labor, China seems to have no good back-up plan. For all of its investment in physical infrastructure, for decades China failed to invest enough in its people. Recent progress may come too late. Drawing on extensive surveys on the ground in China, Rozelle and Hell reveal that while China may be the second-largest economy in the world, its labor force has one of the lowest levels of education of any comparable country. Over half of China’s population—as well as a vast majority of its children—are from rural areas. Their low levels of basic education may leave many unable to find work in the formal workplace as China’s economy changes and manufacturing jobs move elsewhere. In Invisible China, Rozelle and Hell speak not only to an urgent humanitarian concern but also a potential economic crisis that could upend economies and foreign relations around the globe. If too many are left structurally unemployable, the implications both inside and outside of China could be serious. Understanding the situation in China today is essential if we are to avoid a potential crisis of international proportions. This book is an urgent and timely call to action that should be read by economists, policymakers, the business community, and general readers alike. Praise for Invisible China “Stunningly researched.” —TheEconomist, Best Books of the Year (UK) “Invisible China sounds a wake-up call.” —The Strategist “Not to be missed.” —Times Literary Supplement (UK) “[Invisible China] provides an extensive coverage of problems for China in the sphere of human capital development . . . the book is rich in content and is not constrained only to China, but provides important parallels with past and present developments in other countries.” —Journal of Chinese Political Science

China 2049

Author : David Dollar
Publisher : Brookings Institution Press
ISBN 13 : 0815738064
Total Pages : 444 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis China 2049 by : David Dollar

Download or read book China 2049 written by David Dollar and published by Brookings Institution Press. This book was released on 2020-06-09 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: How will China reform its economy as it aspires to become the next economic superpower? It’s clear that China is the world’s next economic superpower. But what isn’t so clear is how China will get there by the middle of this century. It now faces tremendous challenges such as fostering innovation, dealing with ageing problem and coping with a less accommodative global environment. In this book, economists from China’s leading university and America’s best-known think tank offer in depth analyses of these challenges. Does China have enough talent and right policy and institutional mix to transit from input-driven to innovation-driven economy? What does ageing mean, in terms of labor supply, consumption demand and social welfare expenditure? Can China contain the environmental and climate change risks? How should the financial system be transformed in order to continuously support economic growth and keep financial risks under control? What fiscal reforms are required in order to balance between economic efficiency and social harmony? What roles should the state-owned enterprises play in the future Chinese economy? In addition, how will technological competition between the United States and China affect each country’s development? Will the Chinese yuan emerge as a major reserve currency, and would this destabilize the international financial system? What will be China’s role in the international economic institutions? And will the United States and other established powers accept a growing role for China and the rest of the developing world in the governance of global institutions such as the World Trade Organization and the International Monetary Fund, or will the world devolve into competing blocs? This book provides unique insights into independent analyses and policy recommendations by a group of top Chinese and American scholars. Whether China succeeds or fails in economic reform will have a large impact, not just on China’s development, but also on stability and prosperity for the whole world.

Asia, America, and the Transformation of Geopolitics

Author : William H. Overholt
Publisher : Cambridge University Press
ISBN 13 : 1139469266
Total Pages : 366 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Asia, America, and the Transformation of Geopolitics by : William H. Overholt

Download or read book Asia, America, and the Transformation of Geopolitics written by William H. Overholt and published by Cambridge University Press. This book was released on 2007-11-05 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: American security and prosperity now depend on Asia. William H. Overholt offers an iconoclastic analysis of developments in each major Asian country, Asian international relations, and US foreign policy. Drawing on decades of political and business experience, he argues that obsolete Cold War attitudes tie the US increasingly to an otherwise isolated Japan and obscure the reality that a US-Chinese bicondominium now manages most Asian issues. Military priorities risk polarizing the region unnecessarily, weaken the economic relationships that engendered American preeminence, and ironically enhance Chinese influence. As a result, US influence in Asia is declining. Overholt disputes the argument that democracy promotion will lead to superior development and peace, and forecasts a new era in which Asian geopolitics could take a drastically different shape. Covering Japan, China, Russia, Central Asia, India, Pakistan, Korea, and South-East Asia, Overholt offers invaluable insights for scholars, policy-makers, business people, and general readers.

Democracy in China

Author : Jiwei Ci
Publisher :
ISBN 13 : 0674238184
Total Pages : 433 pages
Book Rating : 4.6/5 (742 download)

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Book Synopsis Democracy in China by : Jiwei Ci

Download or read book Democracy in China written by Jiwei Ci and published by . This book was released on 2019-11-19 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Four decades of reform fostered a democratic mentality in China. Now citizens are waiting for the government to catch up. Jiwei Ci argues that the tensions between a largely democratic society and an undemocratic political system will trigger a crisis of legitimacy, compelling the Communist Party to become agents of democratic change--or collapse.

The Making of an Economic Superpower

Author : Yi Wen
Publisher : World Scientific
ISBN 13 : 9814733741
Total Pages : 336 pages
Book Rating : 4.8/5 (147 download)

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Book Synopsis The Making of an Economic Superpower by : Yi Wen

Download or read book The Making of an Economic Superpower written by Yi Wen and published by World Scientific. This book was released on 2016-05-13 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China's rise. This book argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the determined rise of China is unstoppable despite its current "backward" financial system and political institutions. Conversely, China's spectacular and rapid transformation from an impoverished agrarian society to a formidable industrial superpower sheds considerable light on the fundamental shortcomings of the institutional theory and mainstream "blackboard" economic models, and provides more-accurate reevaluations of historical episodes such as Africa's enduring poverty trap despite radical political and economic reforms, Latin America's lost decades and frequent debt crises, 19th century Europe's great escape from the Malthusian trap, and the Industrial Revolution itself. Contents: IntroductionKey Steps Taken by China to Set Off an Industrial RevolutionShedding Light on the Nature and Cause of the Industrial RevolutionWhy is China's Rise Unstoppable?Wha's Wrong with the Washington Consensus and the Institutional Theories?Case Study of Yong Lian: A Poor Village's Path to Becoming a Modern Steel TownConclusion: A New Stage Theory of Economic Development Readership: Academics, undergraduate and graduates students, journalists and professionals interested in economic development, the history of the Industrial Revolution, and especially China's economic transformation and industrial growth, as well as the political economy of governance.

China's Economy

Author : Arthur R. Kroeber
Publisher : Oxford University Press
ISBN 13 : 0190946490
Total Pages : 320 pages
Book Rating : 4.1/5 (99 download)

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Book Synopsis China's Economy by : Arthur R. Kroeber

Download or read book China's Economy written by Arthur R. Kroeber and published by Oxford University Press. This book was released on 2020-06-05 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's economic growth has been revolutionary, and is the foundation of its increasingly prominent role in world affairs. It is the world's second biggest economy, the largest manufacturing and trading nation, the consumer of half the world's steel and coal, the biggest source of international tourists, and one of the most influential investors in developing countries from southeast Asia to Africa to Latin America. Multinational companies make billions of dollars in profits in China each year, while traders around the world shudder at every gyration of the country's unruly stock markets. Perhaps paradoxically, its capitalist economy is governed by an authoritarian Communist Party that shows no sign of loosening its grip. China is frequently in the news, whether because of trade disputes, the challenges of its Belt and Road initiative for global infrastructure, or its increasing military strength. China's political and technological challenges, created by a country whose political system and values differ dramatically from most of the other major world economies, creates uncertainty and even fear. China's Economy: What Everyone Needs to Know® is a concise introduction to the most astonishing economic and political story of the last three decades. Arthur Kroeber enhances our understanding of China's changes and their implications. Among the essential questions he answers are: How did China grow so fast for so long? Can it keep growing and still solve its problems of environmental damage, fast-rising debt and rampant corruption? How long can its vibrant economy co-exist with the repressive one-party state? How do China's changes affect the rest of the world? This thoroughly revised and updated second edition includes a comprehensive discussion of the origins and development of the US-China strategic rivalry, including Trump's trade war and the race for technological supremacy. It also explores the recent changes in China's political system, reflecting Xi Jinping's emergence as the most powerful leader since Mao Zedong. It includes insights on changes in China's financial sector, covering the rise and fall of the shadow banking sector, and China's increasing integration with global financial markets. And it covers China's rapid technological development and the rise of its global Internet champions such as Alibaba and Tencent.

China’s Grand Strategy

Author : Andrew Scobell
Publisher : Rand Corporation
ISBN 13 : 1977404200
Total Pages : 155 pages
Book Rating : 4.9/5 (774 download)

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Book Synopsis China’s Grand Strategy by : Andrew Scobell

Download or read book China’s Grand Strategy written by Andrew Scobell and published by Rand Corporation. This book was released on 2020-07-27 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: To explore what extended competition between the United States and China might entail out to 2050, the authors of this report identified and characterized China’s grand strategy, analyzed its component national strategies (diplomacy, economics, science and technology, and military affairs), and assessed how successful China might be at implementing these over the next three decades.

Beneath the China Boom

Author : Julia Chuang
Publisher : Univ of California Press
ISBN 13 : 0520973429
Total Pages : 251 pages
Book Rating : 4.5/5 (29 download)

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Book Synopsis Beneath the China Boom by : Julia Chuang

Download or read book Beneath the China Boom written by Julia Chuang and published by Univ of California Press. This book was released on 2020-01-14 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: For nearly four decades, China’s manufacturing boom has been powered by the labor of 287 million rural migrant workers, who travel seasonally between villages where they farm for subsistence and cities where they work. Yet recently local governments have moved away from manufacturing and toward urban expansion and construction as a development strategy. As a result, at least 88 million rural people to date have lost rights to village land. In Beneath the China Boom, Julia Chuang follows the trajectories of rural workers, who were once supported by a village welfare state and are now landless. This book provides a view of the undertow of China’s economic success, and the periodic crises—a rural fiscal crisis, a runaway urbanization—that it first created and now must resolve.

How China Escaped Shock Therapy

Author : Isabella M. Weber
Publisher : Routledge
ISBN 13 : 042995395X
Total Pages : 256 pages
Book Rating : 4.4/5 (299 download)

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Book Synopsis How China Escaped Shock Therapy by : Isabella M. Weber

Download or read book How China Escaped Shock Therapy written by Isabella M. Weber and published by Routledge. This book was released on 2021-05-26 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Great Exodus from China

Author : Dominic Meng-Hsuan Yang
Publisher : Cambridge University Press
ISBN 13 : 1108478123
Total Pages : 331 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis The Great Exodus from China by : Dominic Meng-Hsuan Yang

Download or read book The Great Exodus from China written by Dominic Meng-Hsuan Yang and published by Cambridge University Press. This book was released on 2020-09-24 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dominic Meng-Hsuan Yang examines the human exodus from China to Taiwan in 1949, focusing on trauma, memory, and identity.

The Long Game

Author : Rush Doshi
Publisher : Oxford University Press
ISBN 13 : 0197527876
Total Pages : 433 pages
Book Rating : 4.1/5 (975 download)

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Book Synopsis The Long Game by : Rush Doshi

Download or read book The Long Game written by Rush Doshi and published by Oxford University Press. This book was released on 2021-06-11 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: For more than a century, no US adversary or coalition of adversaries - not Nazi Germany, Imperial Japan, or the Soviet Union - has ever reached sixty percent of US GDP. China is the sole exception, and it is fast emerging into a global superpower that could rival, if not eclipse, the United States. What does China want, does it have a grand strategy to achieve it, and what should the United States do about it? In The Long Game, Rush Doshi draws from a rich base of Chinese primary sources, including decades worth of party documents, leaked materials, memoirs by party leaders, and a careful analysis of China's conduct to provide a history of China's grand strategy since the end of the Cold War. Taking readers behind the Party's closed doors, he uncovers Beijing's long, methodical game to displace America from its hegemonic position in both the East Asia regional and global orders through three sequential "strategies of displacement." Beginning in the 1980s, China focused for two decades on "hiding capabilities and biding time." After the 2008 Global Financial Crisis, it became more assertive regionally, following a policy of "actively accomplishing something." Finally, in the aftermath populist elections of 2016, China shifted to an even more aggressive strategy for undermining US hegemony, adopting the phrase "great changes unseen in century." After charting how China's long game has evolved, Doshi offers a comprehensive yet asymmetric plan for an effective US response. Ironically, his proposed approach takes a page from Beijing's own strategic playbook to undermine China's ambitions and strengthen American order without competing dollar-for-dollar, ship-for-ship, or loan-for-loan.

China's Great Wall of Debt

Author : Dinny McMahon
Publisher : HarperCollins
ISBN 13 : 1328846024
Total Pages : 285 pages
Book Rating : 4.3/5 (288 download)

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Book Synopsis China's Great Wall of Debt by : Dinny McMahon

Download or read book China's Great Wall of Debt written by Dinny McMahon and published by HarperCollins. This book was released on 2018-03-13 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: A stunning inside look at how and why the foundations upon which China has built the world’s second largest economy, have started to crumble. Over the course of a decade spent reporting on the ground in China as a financial journalist, Dinny McMahon gradually came to the conclusion that the widely held belief in China’s inevitable economic ascent is dangerously wrong. In this unprecedented deep dive, McMahon shows how, lurking behind the illusion of prosperity, China’s economic growth has been built on a staggering mountain of debt. While stories of newly built but empty cities, white elephant state projects, and a byzantine shadow banking system, have all become a regular fixture in the press in recent years, McMahon goes beyond the headlines to explain how such waste has been allowed to flourish, and why one of the most powerful governments in the world has been at a loss to stop it. Through the stories of ordinary Chinese citizens, McMahon tries to make sense of the unique—and often bizarre—mechanics of the Chinese economy, whether it be the state’s addiction to appropriating land from poor farmers; or why a Chinese entrepreneur decided it was cheaper to move his yarn factory to South Carolina; or why ambitious Chinese mayors build ghost cities; or why the Chinese bureaucracy was able to stare down Beijing’s attempts to break up the state’s pointless monopoly over the distribution of table salt. Debt, entrenched vested interests, a frenzy of speculation, and an aging population are all pushing China toward an economic reckoning. China’s Great Wall of Debt unravels an incredibly complex and opaque economy, one whose fortunes—for better or worse—will shape the globe like never before.

Fire on the Water, Second Edition

Author : Robert J Haddick
Publisher : Naval Institute Press
ISBN 13 : 1682478033
Total Pages : 320 pages
Book Rating : 4.6/5 (824 download)

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Book Synopsis Fire on the Water, Second Edition by : Robert J Haddick

Download or read book Fire on the Water, Second Edition written by Robert J Haddick and published by Naval Institute Press. This book was released on 2022-08-15 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: When Robert Haddick wrote Fire on the Water, first published in 2014, most policy experts and the public underestimated the threat China’s military modernization posed to the U.S. strategic position in the Indo-Pacific region. Today, the rapid Chinese military buildup has many policy experts wondering whether the United States and its allies can maintain conventional military deterrence in the region, and the topic is central to defense planning in the United States. In this new edition, Haddick argues that the United States and its allies can sustain conventional deterrence in the face of China's military buildup. However, doing so will require U.S. policymakers and planners to overcome institutional and cultural barriers to reforms necessary to implement a new strategy for the region. Fire on the Water, Second Edition also presents the sources of conflict in Asia and explains why America's best option is to maintain its active forward presence in the region. Haddick relates the history of America's military presence in the Indo-Pacific and shows why that presence is now vulnerable. The author details China's military modernization program, how it is shrewdly exploiting the military-technical revolution, and why it now poses a grave threat to U.S. and allied interests. He considers the U.S. responses to China's military modernization over the past decade and discusses why these responses fall short of a convincing competitive strategy. Detailing a new approach for sustaining conventional deterrence in the Indo-Pacific region, the author discusses the principles of strategy as they apply to the problems the United States faces in the region. He explains the critical role of aerospace power in the region and argues that the United States should urgently refashion its aerospace concepts if it is to deter aggression, focusing on Taiwan, the most difficult case. Haddick illustrates how the military-technical revolution has drastically changed the potential of naval forces in the Indo-Pacific region and why U.S. policymakers and planners need to adjust their expectations and planning for naval forces. Finally, he elucidates lessons U.S. policymakers can apply from past great-power competitions, examines long-term trends affecting the current competition, summarizes a new U.S. strategic approach to the region, describes how U.S. policymakers can overcome institutional barriers that stand in the way of a better strategy, and explains why U.S. policymakers and the public should have confidence about sustaining deterrence and peace in the region over the long term.

Red Capitalism

Author : Carl Walter
Publisher : John Wiley & Sons
ISBN 13 : 1118255135
Total Pages : 290 pages
Book Rating : 4.1/5 (182 download)

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Book Synopsis Red Capitalism by : Carl Walter

Download or read book Red Capitalism written by Carl Walter and published by John Wiley & Sons. This book was released on 2012-07-31 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: The truth behind the rise of China and whether or not it will be able to maintain it How did China transform itself so quickly? In Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise, Revised Edition Carl Walter and Fraser Howie go deep inside the Chinese financial machine to illuminate the social and political consequences of the unique business model that propelled China to economic powerhouse status, and question whether this rapid ascension really lives up to its reputation. All eyes are on China, but will it really surpass the U.S. as the world's premier global economy? Walter and Howie aren't so certain, and in this revised and updated edition of Red Capitalism they examine whether or not the 21st century really will belong to China. The specter of a powerful China is haunting the U.S. and other countries suffering from economic decline and this book explores China's next move Packed with new statistics and stories based on recent developments, this new edition updates the outlook on China's future with the most cutting-edge information available Find out how China financed its current position of strength and whether it will be able to maintain its astonishing momentum Indispensable reading for anyone looking to understand the limits that China's past development decisions have imposed on its brilliant future, Red Capitalism is an essential resource for anyone considering China's business strategies in today's extremely challenging global economy.