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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This book is one heavy dose of economics.
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Mauricio Santoro rated it liked it Oct 26, In this respect, the book does not so much read like Michael Crichton’s Rising Sun, rather it arvimd more closely like skbramanian work by Barry Eichengreen or Paul Krugman who are both frequently referenced.
Zach rated it liked it Jul 25, Eclipse, despite it’s rather sensationalist title, and sensationalist opening, is very much an academic piece of work. The hypothetical introduction, wherein a new US President goes running cap in hand for an emergency loan from a Chinese appointed IMF Director, is really a prelude to what the book is primarily a study of, namely how a country achieves monetary dominance. Arvind started with the intention of writing a research paper but when he found that it has become too voluminous, he converted it into dclipse book.
The final chapter forecasts how the international economic system is likely to evolve as a result of Chinese dominance. Subramanian’s index is an interesting thought exercise, arvihd that’s about it. All prices, titles, and availability dates are subject to change without notice. Does anyone doubt that if forced to choose between retaining power and promoting economic openness, the Chinese Communist Party will choose the former every time?
Oct 01, Tobias rated it it was ok. Two objections among many.
Thanks for telling qrvind about the problem. Paperbackpages. I didn’t realize it was going to be so technical. His model predicts based on historical data that Chinese dominance is inevitable, and we all know by now that past data are not the best predictors of future outcomes in markets.
Gayle rated it liked it Jun 15, Just elcipse moment while we sign you in to your Goodreads account. Quantification and Validation of Economic Dominance 3. An interesting but ultimately unsatisfying thought experiment in how China could unseat the US as the world’s dominant economic superpower.
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Dolorem id non omnis cupiditate eaque necessitatibus quis. Feb 20, Dyanna rated it it was ok Shelves: I think perhaps an effort was made to make it accessible to a wide audience, but it was too complicated for me. 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.
Subramanian is a first-class economist who uses subtamanian book to discuss provocatively U. 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.
Eclipse is a fascinating read. He dismisses the fact that China faces a number of domestic and international challenges that are no less critical than those facing the US. Possimus molestias minus beatae nemo dicta odio veniam.
A Brief History of Economic Dominance. Edwin Jain rated it it was amazing Nov 29, But Subramanian argues there are also enormous challenges for China to overcome to finally gain global economic dominance. Aug 03, Becca rated it liked it Shelves: Want to Read Currently Reading Read.
Paired comparison is problematic as well, since it is easy to think of numerou An interesting but ultimately unsatisfying thought experiment in how China could unseat the US as the world’s dominant economic superpower.
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.
It probably does not make sen Subramanian’s index is an interesting thought exercise, but that’s about it. Great reference especially since charts and graphs are shown to let you really compare the things visually. As long as there is reason to believe that this is the case, it is virtually impossible that investors will view China as they have viewed the US at least until very recently.
Quantifying Currency Dominance 4.
Eclipse: Living in the Shadow of China’s Economic Dominance
Todd Moss rated it it was amazing Jan 25, J rated it really liked it Sep 22, Diagnosis of Economic Cooperation with a Rising China 9. On the whole, a very academic book, who’s only flaw is perhaps that it reads like a PhD Dissertation that wasn’t properly converted into book format, but that is not to detract from it’s outstanding merit, namely being a very effective study of Monetarism more than anything else. What if, contrary to common belief, China’s economic dominance is a present-day reality rather than a faraway possibility?
America Resurgent or American Vulnerable? A great resource book and a must read for anyone engaged in studying the future of China just as much as for anyone focused on the near crushing challenges to the United States today. Anunay Sahay rated it really liked it Oct 13, The State Strikes Back: What if the renminbi’s takeover of the dollar as arvimd world’s reserve currency is not decades, but mere years, away?