{"title":"Carl E Walter","description":"\u003cp\u003eVenture into the thought-provoking world of Carl E Walter, exploring themes of history, society, and individual experience. Discover insightful narratives that offer unique perspectives on the human condition and our past.\u003c\/p\u003e","products":[{"product_id":"red-capitalism-book-carl-e-walter-9780470825860","title":"Red Capitalism","description":"In Red Capitalism, Carl Walter and Fraser Howie detail how the Chinese government reformed and modeled its financial system in the 30 years since it began its policy of engagement with the west. Instead of a stable series of policies producing steady growth, China's financial sector has boomed and gone bust with regularity in each decade. The latest decade is little different. Chinese banks have become objects of political struggle while they totter under balance sheets bloated by the excessive state-directed lending and bond issuance of 2009. Looking forward, the government's response to the global financial crisis has created a banking system the stability of which can be maintained only behind the walls of a non-convertible currency, a myriad of off-balance sheet arrangements with non-public state entities and the strong support of its best borrowers--the politically potent National Champions--who are the greatest beneficiaries of the financial status quo. China's financial system is not a model for the west and, indeed, is not a sustainable arrangement for China itself as it seeks increasingly to assert its influence internationally. This is not a story of impending collapse, but of frustrated reforms that suggests that any full opening and meaningful reform of the financial sector is not, indeed cannot be, on the government's agenda anytime soon.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49507591848209,"sku":"GOR005302702","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"US \/ LIKE_NEW \/ SBYB","offer_id":49868840239377,"sku":"CIN0470825863LN","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"US \/ GOOD \/ SBYB","offer_id":50352952410385,"sku":"CIN0470825863G","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ VERY_GOOD \/ SBYB","offer_id":50352958865681,"sku":"CIN0470825863VG","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ GOOD \/ INTERNAL","offer_id":50648094769425,"sku":"GOR005505608","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0470825863.jpg?v=1751391853"},{"product_id":"red-dream-book-carl-e-walter-9781119896159","title":"The Red Dream","description":"An eye-opening deep dive into the sources and consequences of how China has financed it’s rise to global economic prominence   In The Red Dream: The Chinese Communist Party and the Financial Deterioration of China, veteran finance executive Carl Walter uses his unique experience in Chinese finance to deepen his exploration of how the Chinese Communist Party finances its obsession with GDP growth and social control. Overwhelmingly debt-fueled, the party’s financial strategy has driven an unsustainable growth in banking and state enterprise assets. Inevitably the party’s own financial health is being severely weakened and China’s future over the next decades put in doubt. You’ll also find:     A discussion of the financial power of local governments and the Ponzi scheme created by their sale of land use rights How China’s entry into the World Trade Organization gave rise to today’s China How the party and China’s regulators enable banks to present outstanding performance metrics An exploration of the party’s financial assets and liabilities since 1979 Examples of financial crisis management and related costs incurred by China and the US A look at Japan’s experience as a potential guide for China future development   An essential read for anyone interested in international economics, geopolitics, and finance, The Read Dream will also earn a place in the hands of finance professionals, bankers, policymakers, corporate strategists, and investors.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ GARDNERS","offer_id":49743174566161,"sku":"NGR9781119896159","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1119896150.jpg?v=1751301986"}],"url":"https:\/\/www.worldofbooks.com\/collections\/author-books-by-carl-e-walter.oembed","provider":"World of Books ","version":"1.0","type":"link"}