LEADER 04293nam 2200601 450 001 9910791316503321 005 20200520144314.0 010 $a0-300-18846-3 024 7 $a10.12987/9780300188462 035 $a(CKB)2550000001201413 035 $a(EBL)3421354 035 $a(SSID)ssj0001115853 035 $a(PQKBManifestationID)11709554 035 $a(PQKBTitleCode)TC0001115853 035 $a(PQKBWorkID)11091461 035 $a(PQKB)10826162 035 $a(MiAaPQ)EBC3421354 035 $a(DE-B1597)486074 035 $a(OCoLC)868964846 035 $a(DE-B1597)9780300188462 035 $a(Au-PeEL)EBL3421354 035 $a(CaPaEBR)ebr10829052 035 $a(CaONFJC)MIL568292 035 $a(EXLCZ)992550000001201413 100 $a20140205h20142014 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aUnbalanced $ethe codependency of America and China /$fStephen Roach 210 1$aNew Haven, Connecticut ;$aLondon :$cYale University Press,$d2014. 210 4$dİ2014 215 $a1 online resource (343 p.) 300 $aDescription based upon print version of record. 311 $a0-300-18717-3 320 $aIncludes bibliographical references and index. 327 $tFront matter --$tCONTENTS --$tPREFACE --$t1. The Political Economy of False Prosperity --$t2. Who Depends on Whom? --$t3. The Boss and the Maestro: Greenspan and Zhu --$t4. The Great Stability Debate: Wen vs. Bernanke --$t5. Two Takes on Strategy --$t6. A New Globalization --$t7. Bilateralism in a Multilateral World --$t8. The China Gripe --$t9. Imbalances and the Great Crisis --$t10. Smoot-Hawley Redux --$t11. Rebalancing --$t12. The Next America Meets the Next China --$t13. Codependency, the Internet, and a Dual Identity Crisis --$tNotes --$tAcknowledgments --$tIndex 330 $aThe Chinese and U.S. economies have been locked in an uncomfortable embrace since the late 1970's. Although the relationship initially arose out of mutual benefits, in recent years it has taken on the trappings of an unstable codependence, with the two largest economies in the world losing their sense of self, increasing the risk of their turning on one another in a destructive fashion. In Unbalanced: The Codependency of America and China Stephen Roach, senior fellow at Yale University and former chairman of Morgan Stanley Asia, lays bare the pitfalls of the current China-U.S. economic relationship. He highlights the conflicts at the center of current tensions, including disputes over trade policies and intellectual property rights, sharp contrasts in leadership styles, the role of the Internet, the recent dispute over cyberhacking, and more. A firsthand witness to the Asian financial crisis of the late 1990's, Roach likely knows more about the U.S.-China economic relationship than any other Westerner. Here he discusses: Why America saving too little and China saving too much creates mounting problems for both How China is planning to re-boot its economic growth model by moving from an external export-led model to one of internal consumerism with a new focus on service industries How America, shows a disturbing lack of strategy, preferring a short-term reactive approach over a more coherent Chinese-style planning framework The way out: what America could do to turn its own economic fate around and position itself for a healthy economic and political relationship with China In the wake of the 2008 crisis, both unbalanced economies face urgent and mutually beneficial rebalancings. Unbalanced concludes with a recipe for resolving the escalating tensions of codependence. Roach argues that the Next China offers much for the Next America-and vice versa. 606 $aBUSINESS & ECONOMICS / Exports & Imports$2bisacsh 607 $aUnited States$xCommerce$zChina 607 $aChina$xCommerce$zUnited States 615 7$aBUSINESS & ECONOMICS / Exports & Imports. 676 $a337.73051 686 $aBUS026000$aHIS037080$aPOL011020$2bisacsh 700 $aRoach$b Stephen S$g(Stephen Samuel),$f1945-$01488077 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910791316503321 996 $aUnbalanced$93708284 997 $aUNINA