The China Boom

Why China Will Not Rule the World

Business & Finance, Business Reference, Government & Business, Economics, International Economics, Nonfiction, Social & Cultural Studies, Political Science, International
Cover of the book The China Boom by Ho-fung Hung, Columbia University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Ho-fung Hung ISBN: 9780231540223
Publisher: Columbia University Press Publication: October 20, 2015
Imprint: Columbia University Press Language: English
Author: Ho-fung Hung
ISBN: 9780231540223
Publisher: Columbia University Press
Publication: October 20, 2015
Imprint: Columbia University Press
Language: English

Many thought China's rise would fundamentally remake the global order. Yet, much like other developing nations, the Chinese state now finds itself in a status quo characterized by free trade and American domination. Through a cutting-edge historical, sociological, and political analysis, Ho-fung Hung details the competing interests and economic realities that temper the dream of Chinese supremacy—forces that are stymieing growth throughout the global South.

Hung focuses on four common misconceptions: that China could undermine orthodoxy by offering an alternative model of growth; that China is radically altering power relations between the East and the West; that China is capable of diminishing the global power of the United States; and that the Chinese economy would restore the world's wealth after the 2008 financial crisis. His work reveals how much China depends on the existing order and how the interests of the Chinese elites maintain these ties. Through its perpetuation of the dollar standard and its addiction to U.S. Treasury bonds, China remains bound to the terms of its own prosperity, and its economic practices of exploiting debt bubbles are destined to fail. Hung ultimately warns of a postmiracle China that will grow increasingly assertive in attitude while remaining constrained in capability.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Many thought China's rise would fundamentally remake the global order. Yet, much like other developing nations, the Chinese state now finds itself in a status quo characterized by free trade and American domination. Through a cutting-edge historical, sociological, and political analysis, Ho-fung Hung details the competing interests and economic realities that temper the dream of Chinese supremacy—forces that are stymieing growth throughout the global South.

Hung focuses on four common misconceptions: that China could undermine orthodoxy by offering an alternative model of growth; that China is radically altering power relations between the East and the West; that China is capable of diminishing the global power of the United States; and that the Chinese economy would restore the world's wealth after the 2008 financial crisis. His work reveals how much China depends on the existing order and how the interests of the Chinese elites maintain these ties. Through its perpetuation of the dollar standard and its addiction to U.S. Treasury bonds, China remains bound to the terms of its own prosperity, and its economic practices of exploiting debt bubbles are destined to fail. Hung ultimately warns of a postmiracle China that will grow increasingly assertive in attitude while remaining constrained in capability.

More books from Columbia University Press

Cover of the book The Cinema of Steven Spielberg by Ho-fung Hung
Cover of the book The Heist Film by Ho-fung Hung
Cover of the book Sight Unseen by Ho-fung Hung
Cover of the book Beyond the Handshake by Ho-fung Hung
Cover of the book Boundaries of Toleration by Ho-fung Hung
Cover of the book The Silent Qur'an and the Speaking Qur'an by Ho-fung Hung
Cover of the book The Way the Wind Blows by Ho-fung Hung
Cover of the book The Origins of Schizophrenia by Ho-fung Hung
Cover of the book The Ethical Economy by Ho-fung Hung
Cover of the book Globalectics by Ho-fung Hung
Cover of the book The Origins of Life and the Universe by Ho-fung Hung
Cover of the book Why Jane Austen? by Ho-fung Hung
Cover of the book Work and the Workplace by Ho-fung Hung
Cover of the book The Best Business Writing 2014 by Ho-fung Hung
Cover of the book Vaccines and Your Child by Ho-fung Hung
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy