Title
The China Boom: Why China Will Not Rule the World (Contemporary Asia in the World),Used
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Many thought China's rise would fundamentally remake the global order. Yet, much like other developing nations, the Chinese state now finds itself in a status quo characterized by free trade and American domination. Through a cuttingedge historical, sociological, and political analysis, Hofung Hung details the competing interests and economic realities that temper the dream of Chinese supremacyforces that are stymieing growth throughout the global South.Hung focuses on four common misconceptions: that China could undermine orthodoxy by offering an alternative model of growth; that China is radically altering power relations between the East and the West; that China is capable of diminishing the global power of the United States; and that the Chinese economy would restore the world's wealth after the 2008 financial crisis. His work reveals how much China depends on the existing order and how the interests of the Chinese elites maintain these ties. Through its perpetuation of the dollar standard and its addiction to U.S. Treasury bonds, China remains bound to the terms of its own prosperity, and its economic practices of exploiting debt bubbles are destined to fail. Hung ultimately warns of a postmiracle China that will grow increasingly assertive in attitude while remaining constrained in capability.
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- Q: What is the main theme of 'The China Boom: Why China Will Not Rule the World'? A: The book discusses the rise of China and how it is unlikely to dominate the world stage, focusing on misconceptions about China's influence on global power dynamics and economic systems.
- Q: Who is the author of this book and what is his background? A: The author is Ho-fung Hung, a sociologist known for his analysis of economic conditions and political realities in Asia, particularly regarding China's role in the global economy.
- Q: What are some misconceptions about China that the book addresses? A: Hung addresses misconceptions such as the belief that China can offer an alternative growth model, alter East-West power relations, diminish U.S. global power, and restore global wealth post the 2008 financial crisis.
- Q: How many pages does the book have? A: The book has a total of 264 pages.
- Q: What type of binding does this book have? A: This book is available in paperback binding.
- Q: When was 'The China Boom' published? A: The book was published on March 7, 2017.
- Q: Is the book condition new or used? A: The condition of the book is new.
- Q: What is the edition of the book? A: This is the illustrated edition of 'The China Boom'.
- Q: What category does this book fall under? A: The book falls under the category of Economic Conditions.
- Q: What insights does the author provide regarding China's economic practices? A: Hung provides insights into how China relies on the existing global order and warns against its economic practices that exploit debt bubbles, suggesting they are bound to fail.