Accidental Conflict: America, China, and the Clash of False Narratives

Accidental Conflict: America, China, and the Clash of False Narratives

by Stephen Roach
Accidental Conflict: America, China, and the Clash of False Narratives

Accidental Conflict: America, China, and the Clash of False Narratives

by Stephen Roach

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Overview

The misguided forces driving conflict escalation between America and China, and the path to a new relationship

“A timely, fluid, readable assessment of a testy and rapidly changing global relationship.”—Kirkus Reviews (starred review)

A Financial Times Best Book of the Year: Economics
 
In the short span of four years, America and China have entered a trade war, a tech war, and a new Cold War. This conflict between the world’s two most powerful nations wouldn’t have happened were it not for an unnecessary clash of false narratives. America falsely blames its trade and technology threats on China yet overlooks its shaky saving foundation. China falsely blames its growth challenges on America’s alleged containment of market-based socialism, ignoring its failed economic rebalancing.

In a hard-hitting analysis of both nations’ economies, politics, and policies, Stephen Roach argues that much of the rhetoric on both sides is dangerously misguided, amplified by information distortion, and more a reflection of each nation’s fears and vulnerabilities than a credible assessment of the risks they face. Outlining the disastrous toll of conflict escalation between China and America, Roach offers a new road map to restoring a mutually advantageous relationship.

Product Details

ISBN-13: 9780300273991
Publisher: Yale University Press
Publication date: 06/06/2023
Pages: 448
Sales rank: 1,042,961
Product dimensions: 6.10(w) x 9.20(h) x 1.30(d)

About the Author

Stephen Roach is senior fellow, Jackson Institute for Global Affairs and School of Management, Yale University. Prior to that he was Chairman of Morgan Stanley Asia, and for the bulk of his career on Wall Street was Chief Economist of Morgan Stanley. Prior to joining Morgan Stanley in 1982, Mr. Roach served on the research staff of the Federal Reserve Board and was also a research fellow at the Brookings Institution. He holds a Ph.D. in economics from New York University. Roach has written extensively for the international media and appears regularly on television around the world. He lives in New Canaan, CT..

Table of Contents

Preface as Sequel ix

Introduction: Expedience i

Part 1 On Relationships 9

1 Shared History 13

2 From Convenience to Codependency 35

3 Two Dreams 55

Part 2 America's False Narratives of China 73

4 Bilateral Bluster 77

5 Huawei as a Trojan Horse 101

6 Winning Cold Wars 123

7 From Trump to Biden-The Plot Thickens 147

Part 3 China's False Narratives of America 167

8 Censorship as Conflict 171

9 Consumerism and Animal Spirits 191

10 China with American Characteristics 213

11 A New Model of Major Country Relationships 233

Part 4 Dueling Narratives 255

12 Accidental Conflict 259

13 From Distrust to Trust 279

14 A Path to Interdependency 303

Postscript 321

Notes 323

Acknowledgments 405

Index 409

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