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Powell's Q&A | September 3, 2014

Emily St. John Mandel: IMG Powell’s Q&A: Emily St. John Mandel



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1 Burnside International Studies- Trade

Eclipse: Living in the Shadow of China's Economic Dominance

by

Eclipse: Living in the Shadow of China's Economic Dominance Cover

 

Synopses & Reviews

Publisher Comments:

By most accounts, China has quickly grown into the second largest economy in the world. In this controversial new book, Subramanian argues that China has already become the

most economically dominant country in the world in terms of wealth, trade and finance. Its dominance and eclipsing of US global economic power is more imminent, more broad-based and larger in magnitude than anyone has anticipated. Subramanian compares the economic dominance of China with that of the two previous economic superpowers--the United States and the United Kingdom--and highlights similarities and differences. One corollary is that the fundamentals are strong for the Chinese currency to replace the dollar as the world's reserve currency. The final chapter forecasts how the international economic system is likely to evolve as a result of Chinese dominance.

Book News Annotation:

No magical economic policies will keep the U.S. from being eclipsed by China, argues Subramanian (Peterson Institute for International Economics, Washington, DC). Presenting a comparative analysis of China's economic rise with past dominance by the U.S. and Great Britain, the think-tank fellow examines the effect that China's growing clout will have on the U.S. and global trading system. Proposals for reconciling China's rise with continued openness in the global economic order (despite a growing private constituency vested in trade with China) conclude the analysis, supported by tables and figures. Annotation ©2012 Book News, Inc., Portland, OR (booknews.com)

Product Details

ISBN:
9780881326062
Author:
Subramanian, Arvind
Publisher:
Peterson Institute
Subject:
Economics - General
Publication Date:
20110931
Binding:
TRADE PAPER
Language:
English

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