In 2008, the economic relationship between the United States and China almost collapsed due to a crisis at two American mortgage corporations, Fannie Mae and Freddie Mac. This book explains how that crisis came about, and analyzes the consequences and implications.

What do we mean by the American dream? Can we define it? Or does any discussion of the phrase end inconclusively, the solid turned liquid—like ice melting? Do we know whether the American dream motivates and inspires or, alternately, obscures and deceives? The Routledge Handbook on the American Dream offers distinctive, authoritative, original essays by well-known scholars that address the social, economic, historical, philosophic, legal, and cultural dimensions of the American dream for the twenty-first century. The American dream, first discussed and defined in print by James Truslow Adams’s The Epic of America (1931), has become nearly synonymous with being American. Adams’s definition, although known to scholars, is often lost in our ubiquitous use of the term. When used today, the iconic phrase seems to encapsulate every fashion, fad, trend, association, or image the user identifies with the United States or American life. The American dream’s ubiquity, though, argues eloquently for a deeper understanding of its heritage, its implications, and its impact—to be found in this first research handbook ever published on the topic.

Now in its fourth edition, this highly regarded and critically acclaimed textbook offers an authoritative introduction to international political economy. It is unique in offering an accessible, broad introduction to the development of the global economy from its inception to today's complex relationship between states and markets in the midst of economic crises. Herman Mark Schwartz deftly shows that globalization is not a novel phenomenon but a recurrent process whereby markets have, since the 16th century, periodically redistributed economic activity. It links the production of goods and services in one region to the markets for those goods, and shows how this can lead to conflicts among states that try to create, enhance or subdue the markets. Taking into account the continued rise of China, and the recent shift towards populism in the West, this book has been extensively rewritten and updated throughout. This is a thought-provoking text which will encourage upper level undergraduate and postgraduate students to think analytically about the inevitability of a global market influencing a state's policies and geo-economic position and to locate their own thinking within the IPE tradition. New to this Edition: - Thoroughly updated to cover all major developments in global political economy since the financial crisis - Timelines in most chapters show key events in the evolution of the global economy - Offers a particularly clear account, now with chapter summaries, updated examples and a glossary of key terms

The relationship between the United States and China will be of critical importance to the world throughout the twenty-first century. In the West China’s rise is often portrayed as a threat and China seen in negative terms. This book explores the dynamics of this crucial relationship. It looks in particular at what causes an international relationship to be perceived negatively, and considers what can be done to reverse this, arguing that trust is a key factor. It goes on to discuss US and Chinese rhetoric and behaviour in three key areas – climate change, finance, and international security. The book contends that, contrary to much US rhetoric, China’s actions in these areas is often much more flexible and accommodating than the US position, and that the Chinese are much more knowledgeable about, and understanding and appreciative of, the United States than vice versa.

Since the appearance of macroeconomics in the 1940s, economists have created many theoretical frameworks to explain the origin and mechanism of economic fluctuations. However, few of these have managed to gain explanatory power over reality; nor can they solve real-life problems. This book proposes a new macroeconomic paradigm that makes breakthroughs in these areas. Based on a balance sheet approach and macro-financial linkage analysis, this book carries out a comprehensive analysis of the trends within China’s macroeconomy in 2020. The author argues that the COVID-19 pandemic created a great degree of uncertainty—therefore, supply-side structural reform and improved total factor productivity have been promoted to ensure a policy of steady growth. Given the declining economic growth rate in percentage terms, China has needed to adapt to a moderate increase in the leverage ratio while applying more effective fiscal policies to achieve a dynamic balance between stable growth and risk prevention. Scholars and students of economics and finance, especially Chinese economics, will find this book a useful reference.

Providing a crucial understanding of how globalization impacts on the development of Chinese businesses, this book analyzes the unprecedented changes in Chinese ethnic business due to the process of globalization, specifically economic globalization, in the key receiving countries of the US, Australia and Canada. Focusing on the main themes of economic globalization and Chinese community development, transnational linkages, local urban structures, homogenization and place attachment, the team of internationally known contributors place the subject of Chinese ethnic business in the bigger picture of ethnic businesses and globalization. Including excellent methodology such as ethnographic studies, historical analysis, geographic studies and statistical analysis, this volume makes an important contribution to the field of ethnic businesses.

While the US portrays itself as a noble example of freedom and democracy, it has in fact led the world to greater inequality than ever before. But now, for the first time in decades, nations facing the brunt of its domination and exploitation have alternative, more tenable options in pursuit of development. Chinese finance is building badly-needed infrastructure where the West would not, Chinese commerce is providing a lifeline to countries the US has targeted for destruction, and Chinese industry is producing new sources of renewable and transition energy at an unparalleled rate. This book addresses: China’s development and political economy based on independent studies, statistical data, and comparative analysis Current geopolitical conflicts and major developments and their relation to China Chinese finance and its effect on the rest of the world, particularly Africa. China’s profound emphasis on environmentalism, renewable energy, and plan for the future. Though it has yet to fully step into this role, the People’s Republic of China has become the de facto leader of a future multipolar world.

This third and final volume of memoirs completes a major work of contemporary history and a brilliantly told narrative full of startling insights, candour and a sweeping sense of history. It begins with the resignation of Nixon - including Kissinger's final assessment of Nixon's tortured personality and the self-inflicted tragedy that ended his presidency, making Kissinger, for a time, the most powerful man in American government. This book abounds in crisis - Vietnam, Watergate, the Cold War. Here are brilliant scenes, as only an insider could write them, of the high-level meetings that shaped American foreign policy, the famous 'shuttle' diplomacy by which Kissinger succeeded in bringing a reluctant and wary Rabin and anxious Sadat together to begin to return of the Sinai to Egypt and the SALT talks with the Soviet Union that began the process of nuclear limitation. Here also are intimate and profound portraits of world leaders from Mao, teasing Kissinger while displaying a poetic wisdom, to Brezhnev at the Vladivostock summit, confused, ill-prepared, unwell, desperately to conceal the Soviet Union's difficulties with a screen of blustering bravado.

China is now the second largest economy in the world, with an increasingly efficient and open financial system. Many firms, agents and financial institutions have realized the potential in making money in China. Financial Theory: Perspectives from China serves as a timely textbook providing a unique introduction to economics theory, with a focus on money, banking and financial systems, through examples based mainly on China's financial practices. It contains up-to-date developments of theory and practices, as well as various interesting stories on China's financial system. Topics such as financial institutions, capital markets, debt securities markets, mutual fund markets, money markets, foreign exchange and financial derivative markets are discussed in depth. Financial theories are supplemented with illustrations from China's money supply mechanism and monetary policy system, China's financial regulatory and supervision system, as well as China's financial system and how it has liberalized and opened up to the rest of the world.Readers will find detailed examinations of financial theories, exemplified and reinforced by the inclusion of different financial cases and phenomena, each intriguing in their own right. This book provides readers with a deeper understanding of China's financial practices, providing vital knowledge for investing in China and engaging businesses there. Undergraduate students in economics and finance and those keen on becoming a player in China's financial markets will no doubt find this volume useful and necessary.