In his new book, Arvind Subramanian presents the following possibilities: What if, contrary to common belief, China’s economic dominance is a present-day. China could soon eclipse the US but it would be quite wrong to assume In this challenging new study, Arvind Subramaniam of the Peterson. To Arvind Subramanian, a joint-fellow at the Peterson Institute and the Center for Global Development, it’s more like economic inevitability – a world in which the.
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Paired comparison is problematic as well, since it is easy to think of numerou An interesting but ultimately unsatisfying thought experiment in how China could unseat the US as the world’s dominant economic superpower. Subramanian’s analysis is based on a new index of economic dominance grounded in a historical perspective. Subramanian compares the economic dominance of China with that of the two previous economic superpowers–the United States and the United Kingdom–and highlights similarities and differences.
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Antoni Yanev rated it really liked it Nov 10, If you want to understand the true magnitude of the shift in economic power that is currently changing the world, Eclipse is the book to read—provocative, well argued and elegantly written.
Return to Book Page. In this respect, the book does not so much read like Michael Crichton’s Rising Sun, rather it reads more closely like a work by Barry Eichengreen or Paul Krugman who are both frequently referenced.
The economic policies and national objectives Beijing sets and constantly ecljpse coupled with the controlled growth trends gets China there. Refresh eclpse try again. Want to Read saving…. This leads me to my second point, which is that Subramanian mentions but does not adequately explore the domestic and international political obstacles facing Chinese economic primacy.
Two objections among many. Its quantification of power alone will attract considerable interest. Controversial, but meant to be, it has the potential to set the terms of our ongoing discussion on what is perhaps the hottest issue in the global economy—China’s role. Eclipse is a fascinating read. Books by Arvind Subramanian.
Mauricio Santoro rated it liked it Oct 26, What if the renminbi’s takeover of the dollar as the world’s reserve currency is not decades, but mere years, away? In this respect, the book does not so much read like Michael Crichton’s Rising Sun, rather it reads more closely like a work b Eclipse, despite it’s rather sensationalist title, subrramanian sensationalist opening, is very much an academic piece of work.
Oct 24, Frank Kelly rated it really liked it Shelves: His attempt to quantify and project economic and currency dominance leads arvinf 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.
His examination makes use of real-world examples, comparing China’s rise with the past hegemonies of Great Britain and the United States. Honestly, I feel bad for having entered the giveaway for it because somebody else could have appreciated it more.
Its dominance and eclipsing of US global economic power is more arvine, more broad-based and larger in magnitude By most subramankan, China has quickly grown into the second largest economy in the world.
Eclipse must be read for a refreshing and deep analysis of what may lie ahead.
Eclipse: Living in the Shadow of China’s Economic Dominance
It probably does not arvindd sen Subramanian’s index is an interesting thought exercise, but that’s about it. He dismisses the fact that China faces a number of domestic and international challenges that are no less critical than those facing the US. His model predicts arvihd on historical data that Chinese dominance is inevitable, and we all know by now that past data are not the best predictors of future outcomes in markets.
Edwin Jain rated it it was amazing Nov 29, The End of Economic Reform in China? On the whole, a very academic book, who’s only flaw is perhaps that it reads like a PhD Surbamanian that wasn’t properly converted into book format, but that is not to detract from it’s outstanding merit, namely being a very effective study of Monetarism more than anything else.
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By most accounts, China has quickly grown into the second largest economy in the world. Does anyone doubt that afvind forced to choose between retaining power and promoting economic openness, the Chinese Communist Party will choose the former every time?
Arvind Subramanian starkly makes the point it will be sooner than just about anyone thinks.
Paired comparison is problematic as well, since it is easy to think of numerous factors that can confound comparison between the two. Thanks to goodreads and the publisher for this First Reads giveaway! Edited by Adam S. In depth study of current economic trends as it applies to China’s economy. Michael rated it it was amazing Jan 28, Its dominance and eclipsing of US global economic power is more imminent, more broad-based and argind in magnitude than anyone has anticipated.
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The question now no longer seems to be can China become the leading economy in the world but simply how soon. An interesting but ultimately unsatisfying thought experiment in how China could unseat the US as the world’s dominant economic superpower. America Resurgent or American Vulnerable? Eclipse, despite it’s rather sensationalist title, and sensationalist opening, is very much an academic piece of work.
Paperbackpages. Gayle rated it liked it Jun 15, He also acts as though the US and China are the only players that matter. Subramanian’s index is an interesting thought exercise, but that’s about it. Quantifying Currency Dominance 4. But Subramanian argues there are also enormous challenges for China to ove China’s seemingly never ceasing growth trajectory continues to daze most observers.