You are previewing China and the Credit Crisis: The Emergence of a New World Order.
O'Reilly logo
China and the Credit Crisis: The Emergence of a New World Order

Book Description

The western world attributed China's role as world's largest financer of the developed world and third largest economy in the world to new economic efficiencies, a revolution in risk management and its own wise policies. China and the Credit Crisis argues that if the extent of the role played in the new prosperity by an emerging China, and the fundamental nature of the changes it brought had been better understood, more appropriate policies and actions would have been adopted at the time which could have avoided the crash, or at least limited its impact.

China's Credit Crisis examines the larger role that China will play in the recovery from the current credit crisis and in the post-crisis world. It addresses the major questions which arise from the financial crisis and discuss the landscape of the post-credit crisis world, initially by continuing to provide growth to a world deep in recession, and later by sharing global economic and political leadership

Table of Contents

  1. Cover
  2. Contents
  3. Title page
  4. Copyright page
  5. Dedication
  6. Foreword
  7. Preface
  8. CHAPTER 1: The World has Changed
    1. A Permanent Shift of Power and Influence
    2. The China Effect
    3. Chinese Leadership
    4. China Goes Global
    5. Economic Upheaval
    6. China and International Relations
    7. China’s Internal Problems
    8. China’s Growing Leadership Position
  9. CHAPTER 2: Did China Cause the Credit Crisis?
    1. China Joins the World Trade Organization
    2. Bad Policy
    3. Would Chinese Currency Revaluation Have Helped?
    4. Seeds of the Crisis
    5. Moral Hazard
    6. The Collapse of Long-Term Capital Management and the Dot-Com Boom
    7. The Specter of Deflation
    8. Repeal of the Glass-Steagall Act
    9. Securitization
  10. CHAPTER 3: The Economic Effects of the Crisis on China
    1. China Takes Off
    2. China Becomes an Export Machine
    3. The Effect of China’s Savings Rate
    4. China’s Current Account Surpluses
  11. CHAPTER 4: From G8 to G20: China’s Role in Global Governance
    1. China’s Challenge
    2. China’s Role in Global Institutions
  12. CHAPTER 5: An End to Dollar Dominance?
    1. A New Global Currency?
    2. The Special Drawing Right
    3. China and the World Currency
    4. The United States and the World Currency
    5. The Argument for a New World Currency
    6. The Asian Region
  13. CHAPTER 6: Rowing the Same Boat: Sino–American Relations
    1. History of the Relationship
    2. The Effect of Terrorism on Sino–American Relations
    3. America and China’s Export Boom
    4. Effect of the Financial Crisis
    5. The G2?
  14. CHAPTER 7: China as Asian Leader
    1. The Struggle for Leadership in Asia
    2. Economic Competition and Interaction in Asia
    3. China and India
    4. China and Japan
    5. China and its Other Neighbors
  15. CHAPTER 8: China and the Emerging World
    1. China’s Post-Revolution History with the Emerging World
    2. China and Africa
    3. China and Latin America
  16. CHAPTER 9: Nova Pax Sinica—Can China Lead the World?
    1. The Decline of America
    2. Is China Ready?
    3. China and Overseas Investment
  17. CHAPTER 10: New China, Old China
  18. Bibliography
  19. Index