China Rising: Will the West Be Able to Cope? the Real Long-Term Challenge of the Rise of China: And Asia in General

Overview

Why do some countries get rich and other countries don't? Does one country's gain mean another country's loss? How do we address the biggest challenge of all: the fact that our environment suffers when we all want to have our share of the cake? These key questions in international economics and business are addressed in this timely book. Covering issues such as economic growth, the drivers of economic growth and international competition, pollution and the division of labor, the book focuses on China's emergence,...

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Overview

Why do some countries get rich and other countries don't? Does one country's gain mean another country's loss? How do we address the biggest challenge of all: the fact that our environment suffers when we all want to have our share of the cake? These key questions in international economics and business are addressed in this timely book. Covering issues such as economic growth, the drivers of economic growth and international competition, pollution and the division of labor, the book focuses on China's emergence, but examples of other countries provide context and perspective. Written in a jargon-free style yet extremely well-researched, it is suitable for economists and non-economists alike.

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Product Details

  • ISBN-13: 9789812837950
  • Publisher: World Scientific Publishing Company, Incorporated
  • Publication date: 6/28/2009
  • Pages: 160
  • Product dimensions: 6.00 (w) x 9.00 (h) x 0.70 (d)

Table of Contents

Acknowledgements vii

About This Book: Main Issues xi

I In Perspective: Long-Term Economic Growth 1

I.1 Consequences of China's Rise 1

I.2 Asia: Finally Getting There? 4

I.3 China's Rise in Perspective 6

I.4 Long-Term Growth: Where Does It Come From? 9

I.5 Seven Pillars of Western Wisdom and the Soft Infrastructure of Capitalism 12

I.6 Democracy and Indicators of Good Governance 18

II The West Competing with Low-Wage China 27

II.1 China's Bilateral Trade Surpluses with the EU and the US: One Big Difference 27

II.2 Are Jobs and Wages in the West at Risk? 32

II.3 What Is It: Low-Wage Countries or Technology; or Both? 40

II.4 Globalisation: South/North Divide in the EU, Left/Right in the US 46

II.5 Could It Be? The EU Better Placed to Face the Challenge? 51

II.5.1 The EU-Lisbon Agenda and Macro-Economic Stability 51

II.5.2 The More Inclusive EU: Social Security 56

II.5.3 The More Inclusive EU: Education 58

II.5.4 World Bank Indicators of Good Governance, EU and US Compared 62

II.5.5 But...Is This Analysis Correct? 64

III The Real Challenge, the Environment: The Return of Malthus? 71

III.1 Environmental Consequences of China's Rise 71

III.2 Is This Sustainable: New Scarcities and the Return of Inflation 81

III.3 Is This Sustainable: Nine Billion People and Three Billion Cars in 2050? 86

III.4 The Environment: What can be Done? 90

III.5 The US: A "Responsible Stakeholder" Again? 94

IV China and the West, Asia and the Rest 101

V Then the World Changed: Crisis 113

V.1 World Economy in Turnmoil 114

V.2 Crisis: Paradigm Change? 120

V.3 No More Scarcities? 125

V.4 GoodGovernance: What Is "Good"? 127

V.5 The Environment, International Cooperation 133

References 141

Index 147

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