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Eclipse - Living in the Shadow of China`s Economic Dominance (Paperback)
Loot Price: R478
Discovery Miles 4 780
You Save: R106
(18%)
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Eclipse - Living in the Shadow of China`s Economic Dominance (Paperback)
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List price R584
Loot Price R478
Discovery Miles 4 780
You Save R106 (18%)
Expected to ship within 12 - 17 working days
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In his new book, Arvind Subramanian presents the following
possibilities: What if, contrary to common belief, China's economic
dominance is a present-day reality rather than a faraway
possibility? What if the renminbi's takeover of the dollar as the
world's reserve currency is not decades, but mere years, away? And
what if the United States's economic preeminence is not, as many
economists and policymakers would like to believe, in its own
hands, but China's to determine?Subramanian's analysis is based on
a new index of economic dominance grounded in a historical
perspective. His examination makes use of real-world examples,
comparing China's rise with the past hegemonies of Great Britain
and the United States. His attempt to quantify and project economic
and currency dominance leads him to the conclusion that China's
dominance is not only more imminent, but also broader in scope, and
much larger in magnitude, than is currently imagined. He explores
the profound effect this might have on the United States, as well
as on the global financial and trade system. Subramanian concludes
with a series of policy proposals for other nations to reconcile
China's rise with continued openness in the global economic order,
and to insure against China becoming a malign hegemon.
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