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Full Description
Until the global financial crisis, China was thought to be decades away from overtaking the United States as the world's largest economy. But while the US skirted economic stagnation, China was able to successfully navigate the crisis, and its growth continues to accelerate. Has the time arrived to re-evaluate our assumptions about the current world order? Will China openly contest the United States' status, unchallenged since the Second World War, as a world leader? Will conflict be inevitable, or would its costs be unthinkable in a globalized world economy?
Partners and Rivals, the latest book from acclaimed economist Wendy Dobson, examines the central role that China and the United States will play on the global stage in the next half-century. Dobson provides a balanced and accessibly written understanding of China's domestic challenges, as well as an analysis of both the United States and China's goals on the world stage. Demonstrating why neither power will be able to dominate the other, the book emphasizes that they will need to cooperate and work together in the coming decades because of their deep economic interdependence.
Contents
Preface
Introduction
Changing Shape of the World Economy
China's Incomplete Transformation (Or What It Means to Age Before Becoming Rich)
Turning Point or Countdown to Crises?
China's Growing International Footprints
21st Century Rivalry: Chinese and Americans' Views of Each Other
China and Global Governance
China and the United States at a Crossroads: The Inside Game
The Outside Game
Partners and Rivals? The Uneasy Relationship
