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The United States vs. China - The Quest for Global Economic Leadership (Hardcover)
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The United States vs. China - The Quest for Global Economic Leadership (Hardcover)
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After leading the world economy for a century, the United States
faces the first real challenge to its supremacy in the rise of
China. Is economic (or broader) conflict, well beyond the trade and
technology war that has already erupted, inevitable between the
world's two superpowers? Will their clash produce a new economic
leadership vacuum akin to the 1930s, when Great Britain was unable
to play its traditional leadership role and a rising United States
was unwilling to step in to save the global order? In this sweeping
and authoritative analysis of the competition for global economic
leadership between China and the United States, C. Fred Bergsten
warns of the disastrous consequences of hostile confrontation
between these two superpowers. He paints a frightening picture of a
world economy adopting Chinese characteristics, in which the United
States, after Trump abdicated much of its role, engages in a
self-defeating attempt to "decouple" from its rival. Drawing on
more than 50 years of active participation as a policymaker and
close observation as a scholar, Bergsten calls on China to exercise
constructive global leadership in its own self-interest and on the
United States to reject a policy of containment, avoid a new Cold
War, and instead pursue "conditional competitive cooperation" to
work with its allies, and especially China, to lead, rather than
destroy, the world economy.
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