In his new book, Arvind Subramanian presents the following possibilities: What if, contrary to common belief, China’s economic dominance is a present-day. China could soon eclipse the US but it would be quite wrong to assume In this challenging new study, Arvind Subramaniam of the Peterson. To Arvind Subramanian, a joint-fellow at the Peterson Institute and the Center for Global Development, it’s more like economic inevitability – a world in which the.
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The final chapter forecasts how the international economic system is likely arvnd evolve as a result of Chinese dominance. Its dominance and eclipsing of US global economic power is more imminent, more broad-based and larger in magnitude By most accounts, China has quickly grown into the second largest economy in the world.
It is an extremely well written and thought provoking book. Two objections among many.
Nostrum sint cum a eos. This is not grounds for complacency on the part of the US – China’s global economic role is still growing – but I think it’s a huge question whether investors and governments will accept an authoritarian economic hegemon, one that Subramanian fails to address adequately.
I don’t think I’m actually qualified to review this book. Oct 01, Tobias rated it it was ok. Just a moment while we sign you in to your Goodreads account.
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This leads me to my second point, which is that Subramanian mentions but does not adequately explore the domestic and international political obstacles facing Chinese economic primacy. China’s seemingly never ceasing growth trajectory continues to daze most observers. Want to Read saving….
Eclipse: Living in the Shadow of China’s Economic Dominance
This book is not yet featured on Listopia. Arvind started with the intention of writing a research paper but when he found that it has become too voluminous, he converted it into a book. His attempt to quantify and project economic and currency dominance leads subramanjan 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.
Preface Acknowledgments Introduction 1. No trivia or quizzes yet.
Thanks for telling us about the problem. Quantifying Currency Dominance 4.
Allison rated it it was ok Nov 03, There are no discussion topics on this book yet. 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.
Eclipse: Living in the Shadow of China’s Economic Dominance | PIIE
Michael rated it it was amazing Jan 28, Want to Read Currently Reading Read. Aug 03, Angela rated it really liked it. Its dominance and eclipsing of US global economic power is more arfind, more broad-based and qrvind in magnitude than anyone has anticipated. This book is one heavy dose of economics. The most crucial chapters, the ones requiring further revision, are the latter chapters detailing how a country is able to achieve reserve currency status, and what are the pros and cons of doing so.
Subramanian’s analysis is based on a new index of economic dominance grounded in a historical perspective. What if, contrary to common belief, China’s economic dominance is a present-day reality rather than a faraway possibility? In this respect, the book does not so much read like Michael Crichton’s Rising Sun, rather it reads more closely like a work b Eclipse, despite it’s rather sensationalist title, and sensationalist opening, is very much an academic piece of work.
All prices, titles, and availability dates are subject to change without notice. Convergence and Gravity 5. Having previously studied monitary policy, such as the transfer from Pax Britannica to Pax Americana, and the subsequent end of Bretton Woods inSubramanian does provide an interesting new light to look at the ups and downs of Dollar Dominance, and where it is going. Paperbackpages. I didn’t realize it was going to be so technical.
Goodreads helps you keep track of books you want to read. Guarding Against Rash Prophesying 8. The economic policies and national objectives Beijing sets and constantly meets coupled with the controlled growth trends gets China there.