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The Chinese birdcage = how China's r...
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Mees, Heleen.
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The Chinese birdcage = how China's rise almost toppled the West /
紀錄類型:
書目-電子資源 : Monograph/item
正題名/作者:
The Chinese birdcage/ by Heleen Mees.
其他題名:
how China's rise almost toppled the West /
作者:
Mees, Heleen.
出版者:
New York :Palgrave Macmillan US : : 2016.,
面頁冊數:
xvi, 197 p. :ill., digital ;21 cm.
內容註:
1 The Chinese Birdcage -- 2 Western Triumphalism -- 3 China as the World's Factory -- 4 Housing Bubbles across the Western Hemisphere -- 5 The Global Financial Crisis -- 6 The Economic Fallout -- 7 Unlimited Supplies of Labor -- 8 China's Economic Development -- 9 Global Imbalances and Corporate Cash Piles -- 10 The Capitalist Surplus and the Shortfall in Demand -- 11 Piketty Reconsidered -- 12 What Lies Ahead?
Contained By:
Springer eBooks
標題:
Economics. -
電子資源:
http://dx.doi.org/10.1057/978-1-137-58886-9
ISBN:
9781137588869$q(electronic bk.)
The Chinese birdcage = how China's rise almost toppled the West /
Mees, Heleen.
The Chinese birdcage
how China's rise almost toppled the West /[electronic resource] :by Heleen Mees. - New York :Palgrave Macmillan US :2016. - xvi, 197 p. :ill., digital ;21 cm.
1 The Chinese Birdcage -- 2 Western Triumphalism -- 3 China as the World's Factory -- 4 Housing Bubbles across the Western Hemisphere -- 5 The Global Financial Crisis -- 6 The Economic Fallout -- 7 Unlimited Supplies of Labor -- 8 China's Economic Development -- 9 Global Imbalances and Corporate Cash Piles -- 10 The Capitalist Surplus and the Shortfall in Demand -- 11 Piketty Reconsidered -- 12 What Lies Ahead?
This book vividly describes how China's rise in the early 2000s led to rising profits and declining labor income everywhere, ultimately resulting in the global financial crisis. Under Deng Xiaoping's policy of 'reform and opening up' in the 1980s, China quickly became the world's factory floor...but powerful political leaders envisioned a world in which the market economy would be trapped within the confines of a planned economy. With China's admission into the World Trade Organization in 2001, almost a billion people joined the global workforce, driving down the real wages of blue- and white-collar workers in the US and Europe while also lowering interest rates, which fueled housing bubbles and destabilized the financial sector. This book explores China's significant influence on western economies by focusing on the links between the labor market, corporate profits, and interest rates, using Arthur Lewis's framework for economic growth with unlimited supplies of labor to argue that by 2010 the world economy - and political situations - had been set back almost one hundred years.
ISBN: 9781137588869$q(electronic bk.)
Standard No.: 10.1057/978-1-137-58886-9doiSubjects--Topical Terms:
517137
Economics.
LC Class. No.: HC427.92 / .M44 2016
Dewey Class. No.: 330.951
The Chinese birdcage = how China's rise almost toppled the West /
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