This book describes the deep contradictions plague market economies. It shows how the influence of these contradictions sometimes subsides, allowing the economy to perform relatively well. But in time, these contradictions accumulate and economy declines as if it suffers from some degenerative disease. The policies designed to rise above these contradictions often spawn even more severe contradictions. This book describes how these contradictions have affected the economy of the United States in the past and the dangers that the future poses. For example, policies to stimulate the economy eventually lead to stagnation. Policies to make hold down wages make business even more uncompetitive. It also analyzes the destructive consequences of the military, finance, and the Federal Reserve. Finally, it debunks the mythological promise of a New Economy.

This volume brings together a group of leading international scholars to discuss how US-China-EU relations will shape the future of international politics. Arguing that these three powers will play a key role in establishing and managing a new world order, the contributors examine how a future global order is developed by the interaction of these leading actors in the international system. The authors also address how the US, China and the EU promote cooperation and manage conflict of interests on a wide spectrum of issues including new security challenges. By linking the management of international affairs to specific policy issues, the book shows that the US-China-EU triangular configuration is a pivotal relationship for understanding contemporary international relations. This book offers a comprehensive assessment of US-China-EU interactions and will be of great interest to students of Asian politics, US foreign policy, EU politics and security studies and IR in general. Robert S. Ross is Professor of Political Science at Boston College, Associate, John King Fairbank Center for East Asian Research, Harvard University, Associated Professor at the Norwegian Institute for Defence Studies, Senior Advisor, Security Studies Program, Massachusetts Institute of Technology and a member of the Council on Foreign Relations. Øystein Tunsjø is Senior Research Fellow at the Norwegian Institute for Defence Studies. Zhang Tuosheng is director of the research department and senior fellow at the China Foundation for International and Strategic Studies.

Communist China's integration into world diplomatic and trading systems in the 1950s was troublesome: relations with British governments and British business interests were no exception. The book examines the origins of `Two Chinas', the impact of the Korean War and focuses above all on British government policy towards China. It argues that the most significant influence on government policy was the relationship between the state and business elites; a symbiotic relationship that coalesced around an imperial concern: Hong Kong.

The United States and China are the two most important states in the international system and are crucial to the evolution of global order. Both recognize each other as vital players in a range of issues of global significance, including the use of force, macroeconomic policy, nonproliferation of nuclear weapons, climate change and financial regulation. In this book, Rosemary Foot and Andrew Walter, both experts in the fields of international relations and the East Asian region, explore the relationship of the two countries to these global order issues since 1945. They ask whether the behaviour of each country is consistent with global order norms, and which domestic and international factors shape this behaviour. They investigate how the bilateral relationship of the United States and China influences the stances that each country takes. This is a sophisticated analysis that adroitly engages the historical, theoretical and policy literature.

The four decades of neoliberalism, globalisation and financialisation have produced crises - financial and pandemic - and rising inequality. The climate emergency threatens the future of the planet. This book explores many dimensions of the background to these crises. There is the development of policy agendas to address the climate emergency. The rise in inequality is studied in terms of impacts of financialisation and the relationships between growth and inequality. The record of the neoliberal experiment in the USA is critically examined. The roles of financial institutions including public banks and micro-finance are explored, as is the need for improved financial oversight in the Economic and Monetary Union. The growth of global value chains has been a major aspect of globalisation, and the question is examined of whether such chains provide a ladder for development. Globalisation has also featured trade imbalances and large capital flows, and their causes and effects are examined with respect to China and South Africa respectively. This volume will be of great value to students, scholars and professionals interested in political economy, economic thought, climate change, sustainability and business studies. The chapters in this book were originally published as a special issue of the journal, International Review of Applied Economics.

The western world attributed China’s role as world’s largest financer of the developed world and third largest economy in the world to new economic efficiencies, a revolution in risk management and its own wise policies. China and the Credit Crisis argues that if the extent of the role played in the new prosperity by an emerging China, and the fundamental nature of the changes it brought had been better understood, more appropriate policies and actions would have been adopted at the time which could have avoided the crash, or at least limited its impact. China’s Credit Crisis examines the larger role that China will play in the recovery from the current credit crisis and in the post-crisis world. It addresses the major questions which arise from the financial crisis and discuss the landscape of the post-credit crisis world, initially by continuing to provide growth to a world deep in recession, and later by sharing global economic and political leadership

As China continues to ride out the global economic crisis while still retaining year on year GDP growth it is increasingly important to understand how this 'new' economic giant, with its communist-capitalist model operates its economic and business environments. This book is designed to scientifically examine the contextual variables that foster sustainably dynamic economic growth in China. In particular, the contributors provide an incisive analysis of the contextual bases underlying such a dramatic rising economic power and the immense implications for enterprises and countries involved in dealing with China. Drawing on the latest studies and cutting edge research findings, this book analyses FDI, project management, internationalisation, the continued role of state-owned enterprises and doing business in China. As such it will be essential reading for all students of Chinese business and economics, as well as businesses seeking to develop a critical understanding of the driving global economic force which is China.