Superfusion
How China and America Became One Economy and Why the World's Prosperity Depends on It
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- USD 12.99
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- USD 12.99
Descripción editorial
Now in paperback, Zachary Karabell argues that the intertwined economic relationship between China and the U.S. will affect our long-term prosperity more than any other contemporary issue. As the world continues the slow work of repairing the damage of the financial crisis, it is crucial that the U.S. understands that it cannot go it alone. Its mutuality with China is permanent, essential, and defining. Zachary Karabell’s brilliant book lays out this complex and important economic story.
“Karabell excels at weaving in glitzy tales of the brave new China against the larger backdrop of the Middle Kingdom’s forceful but cautious economic liberalization and the often tortuous, frequently saber-rattling politics of U.S.-China relations….A provocative argument.”
—Los Angeles Times
“The question at the heart of Superfusion is a pressing one: What will happen next? Mr. Karabell says that the U.S. must turn its thinking away from the military and security challenges of the twentieth century and focus more on the economic challenges of the twenty-first.”
—The Wall Street Journal
“A compelling brief on the unlikely convergence of the U.S. and Chinese economies….Essential reading for anyone curious about the increasing economic integration and interdependence between China and America, the public opposition in both nations, and the implication for the U.S. as it faces competition from a nation it cannot coerce.”
—Publishers Weekly (starred review)
PUBLISHERS WEEKLY
Karabell (A Visionary Nation) delivers a compelling brief on the unlikely convergence of the U.S. and Chinese economies. He begins with an introduction to China's economic reforms in the post-Mao era and moves on to specific examples of how such American companies as KFC, Avon and Nike used this opportunity to reinvent their businesses to suit the world's largest market. Karabell argues that China's entry into the WTO laid the foundations of "Chimerica" the symbiotic relationship between China and America that has largely escaped analysis because outmoded quantitative tools examine nation states as closed systems. He also illustrates why China as a low-cost producer is less important than China's new role as avid consumer, why nonperforming loans have meant such different things in China and in the West and the possible causes of the "interest rate conundrum" that so puzzled Alan Greenspan. Essential reading for anyone curious about the increasing economic integration and interdependence between China and America, the public opposition in both nations and the implications for the U.S. as it faces competition from a nation it cannot coerce.
