The Chinese Birdcage : How China's Rise Almost Toppled the West / by Heleen Mees.

Unlimited

Authorized users

Can lend chapters, not whole ebooks

The Chinese Birdcage : How China's Rise Almost Toppled the West / by Heleen Mees.

9781137588869 (electronic book)
1137588861 (electronic book)
1137588853
9781137588852
9781137588883

New York : Palgrave Macmillan US : Imprint : Palgrave Macmillan, 2016.

English

1 online resource (xvi, 197 pages) : illustrations

10.1057/978-1-137-58886-9 doi

HT388

338.9

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.

Includes bibliographical references and index.

Access limited to authorized users.

text file PDF

Print version: 9781137588883

Online Resources > Ebooks
All Resources