The credit crisis has greatly weakened the West's economic and financial supremacy, and accelerated the shift of power from the West to the East, led by China. China and the Credit Crisis: The Emergence of a New World Order is the first book to examine the important part played by China in the run-up to the crisis, and to discuss in detail China's new and much more significant world role in the aftermath of the crisis. The book describes how policymakers misunderstood the global economic supply shock which China's emergence produced, and which laid the economic foundation for the credit crisis. It analyzes the effects of the crisis on China's own economy, and shows how China is defining its new role with respect to global governance, the role of the dollar, and its relations with the United States, Asia and the emerging world. The author throws light on the rationale that guides China's actions on the global stage, by placing recent developments in their historical and economic context. The book also discusses how China will adapt to its new global position as a superpower ranking alongside the United States, and the consequences of China's sudden ascent, both for China and for the rest of the world.
- ISBN: 978-0-470-82507-5
- Editorial: John Wiley & Sons
- Encuadernacion: Rústica
- Páginas: 228
- Fecha Publicación: 18/12/2009
- Nº Volúmenes: 1
- Idioma: Inglés