In his new book, Arvind Subramanian presents the following possibilities: What if, contrary to common belief, China’s economic dominance is a present-day. China could soon eclipse the US but it would be quite wrong to assume In this challenging new study, Arvind Subramaniam of the Peterson. To Arvind Subramanian, a joint-fellow at the Peterson Institute and the Center for Global Development, it’s more like economic inevitability – a world in which the.
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In his new book, Arvind Subramanian presents the following possibilities: What if, contrary to common belief, China’s economic dominance is a present-day reality rather than a faraway possibility? What if the renminbi’s takeover of the dollar as the world’s reserve currency is not decades, but mere years, away? And what if the United Arind economic pre-eminence is not, as many economists and policymakers would like to believe, in its own hands, but China’s to determine?
Eclipse: Living in the Shadow of China’s Economic Dominance
Subramanian’s analysis is based on a new index of economic dominance grounded usbramanian a historical perspective. His examination makes use of real-world examples, comparing China’s rise with the past hegemonies of Great Britain and the United States.
His attempt to quantify and project economic and currency dominance leads him to the conclusion that China’s dominance is not only more imminent, but also broader in scope, and much larger in magnitude, than is currently imagined. He explores the profound effect this might have on the United States, as well as on the global financial and trade system.
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Subramanian concludes with a subramaniwn of policy proposals for other nations to reconcile China’s rise with continued openness in the global economic order, and to insure against China becoming a malign hegemon. Subramanian is a first-class economist who uses his book to discuss provocatively U.
If you want to understand the true magnitude of the shift in economic power that is currently changing the ssubramanian, Eclipse is the book to read—provocative, well argued and elegantly written. Defying conventional wisdom, Eclipse not just vividly imagines, but provides a plausible scenario for, the replacement of the United States by China as the world’s dominant economic power.
It persuasively underlines sbramanian need for Washington to get its act together. Eclipse must be read for a refreshing and deep analysis of what may lie ahead.
Eclipse: Living in the Shadow of China’s Economic Dominance by Arvind Subramanian
It is an extremely well written and thought provoking book. Eclipse is a fascinating read.
Controversial, but meant to be, it has the potential to set the terms of our ongoing discussion on what is perhaps the hottest issue in the global economy—China’s role. Its quantification of power alone will attract considerable interest. A Brief History of Economic Dominance.
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Book Description In his new book, Arvind Subramanian presents the following possibilities: Contents Selected chapters and sections are provided for preview only. Preface Acknowledgments Introduction 1.
A Brief History of Economic Dominance 2. Quantification and Validation of Economic Dominance 3. Quantifying Currency Dominance arvund. Convergence and Gravity 5. Projecting Economic and Currency Dominance 6.
Guarding Against Rash Prophesying 8. Diagnosis of Economic Cooperation with a Rising China 9. The State Strikes Back: The End of Economic Reform in China?
Facing Up to Low Productivity Growth.