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Dragon's Tail: The Lucky Country after the China Boom: Quarterly Essay 54 (Paperback, 54th edition)
Loot Price: R539
Discovery Miles 5 390
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Dragon's Tail: The Lucky Country after the China Boom: Quarterly Essay 54 (Paperback, 54th edition)
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Loot Price R539
Discovery Miles 5 390
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In Dragon's Tail, Andrew Charlton explores the supercharged rise of
China and considers Australia's future as the Chinese dragon stirs
and shifts. China's rise has been perhaps the most significant
economic event in two centuries, occurring 100 times more quickly
and on a scale 1000 times larger than Britain's Industrial
Revolution. Since 2000, Australia has been an essential part of
this transformation, providing the raw materials to feed China's
frantic manufacture of steel vertebrae for everything from cars and
trucks to railways, apartments and office towers. China's appetite
for resources has made us richer than ever before, but it has also
drained the competitiveness from many parts of our economy, leaving
us vulnerable. In Dragon's Tail, Andrew Charlton shows that China's
growth model is now reaching its limit, and the world's most
populous economy faces a challenging transition. Whether China
crashes, or crashes through, this will have dramatic implications
for Australia, slowing the demand for our resources and forcing us
to reassess the foundations of our wealth. Charlton looks at ways
to revitalise the Australian economy and secure our prosperity in a
changing world. 'Understanding China's growth model helps explain
why Australia has done so well in the twenty-first century. But it
also explains why, at the same time, our economic anxiety is
reaching a zenith- why Holden is leaving, why the budget is in such
an apparent quagmire, why house prices are soaring, why the dollar
is so volatile. China's growth has brought us a windfall, but it is
a precarious sort of prosperity.' Andrew Charlton, Dragon's Tail
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