China, Trade and Power: Why the West's Economic Engagement Has Failed - Couverture rigide

Paterson, Stewart

Couverture rigide

ISBN 10 : 1907994815 ISBN 13 : 9781907994814

Editeur : London Publishing Partnership, 2018

Synopsis

From a Western point of view, the policy of economic engagement with China has failed. A rapid rise in living standards in China has helped legitimize and strengthen the Chinese Communist Party s power. How did Western, market-orientated, property-owning, liberal democracies go from being in a position of complete global hegemony in the early 1990s to the current crisis of confidence and loss of moral foundation?

This book tells the story of the most successful trading nation of the early twenty-first century. It looks at how the Communist Party of China has retained and cemented its monopoly on political power since China s accession to the World Trade Organization in December 2001. It is the most extraordinary economic success story of our time and it has reshaped the geopolitics not just of Asia but of the world. As China has come to dominate global manufacturing, its economic power has been translated into political power, and the West now has a global rival that is politically antithetical to liberal values.

The supply-side deflation from allowing 750 million low-cost workers into the global trading system combined with the policy of inflation targeting by Western central banks has led to falling real incomes for many in the West and rising asset prices that have benefited the few. Worse still, China's mercantilist model is now held up as a viable economic alternative.

To have a fighting chance of protecting the freedoms of liberal democracies, it is of the utmost importance that we understand how the policy of indulgent engagement with China has affected Western society in recent years. Only then can the global trading system be reoriented for the mutual benefit of all nations.

A propos du livre

À propos de l'auteur

Stewart Paterson co-founded Riley Paterson Investment Management Pte Ltd. in Singapore in April 2007. Prior to this, he was Managing Director and Chief Asian Equity Strategist at Credit Suisse AG in Hong Kong and before that was a director at CLSA (Asia). He began his career in 1991 as a fund manager.

Détails de l'édition

• Éditeur: London Publishing Partnership
• Date d'édition: 2018
• Langue: anglais
• ISBN 10: 1907994815
• ISBN 13: 9781907994814
• Reliure: Relié
• Numéro d'édition: 1
• Nombre de pages: 160
• Coordonnées du fabricant: Easy Access System Europe Oü, 16879218; gpsr.requests@easproject.com; ; Mustamäe tee 50, 10621, Tallinn, Estonia; Tallinn; 10621; Estonie