Eclipse – Living in the Shadow of China`s Economic Dominance by Arvind Subramanian

Eclipse – Living in the Shadow of China`s Economic Dominance by Arvind Subramanian

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 States's economic preeminence is not, as many economists and policymakers would like to believe, in its own hands, but China's to determine?

Subramanian's analysis is based on a new index of economic dominance grounded in 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. Subramanian concludes with a series 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.

Arvind Subramanian is the Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics. He currently serves as the chief economic adviser to the government of India. He has also served as senior fellow at the Center for Global Development. He is coauthor of Who Needs to Open the Capital Account? (2012). Foreign Policy magazine named him as one of the world's top 100 global thinkers in 2011. He was assistant director in the Research Department of the International Monetary Fund. He served at the GATT (1988-92) during the Uruguay Round of trade negotiations and taught at Harvard University's Kennedy School of Government (1999-2000) and at Johns Hopkins' School for Advanced International Studies (2008-10).

SKU	Unavailable
ISBN 13	9780881326062
ISBN 10	0881326062
Title	Eclipse – Living in the Shadow of China`s Economic Dominance
Author	Arvind Subramanian
Condition	Unavailable
Binding Type	Paperback
Publisher	The Peterson Institute for International Economics
Year published	2011-09-15
Number of pages	236
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.