The Codependency of America and China

Book - 2014
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The modern-day Chinese and U.S. economies have been locked in an uncomfortable embrace since the late 1970s. Although the relationship was built on a set of mutual benefits, in recent years it has taken on the trappings of an unstable co-dependence. This insightful book lays bare the pitfalls of the current China-U.S. economic relationship, highlighting disputes over trade policies and intellectual property rights, sharp contrasts in leadership styles, the role of the Internet, and the political economy of social stability. Stephen Roach, a firsthand witness to the Asian financial crisis of the late 1990s and an economics expert who likely knows more about U.S.-China trade than any other Westerner, details how the two economies mirror one another. Co-dependency augments the tensions and suspicions between the two nations, but there is reason to hope for less antagonism and rivalry, the author maintains. In the wake of the 2008 financial crisis, both economies face structural changes that present opportunities for mutual benefit. Roach describes a way out of the escalating tensions of co-dependence and insists that the Next China offers much for the Next America--and vice versa.
Publisher: New Haven :, Yale University Press,, [2014]
Copyright Date: ©2014
ISBN: 9780300187175
Branch Call Number: ANF 337.73051 ROA
Characteristics: xvi, 326 pages ; 25 cm


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Feb 04, 2014

Stephen Roach is a fellow at Jackson Institute for Global Affairs and School of Management, Yale University (his co-fellows there are John "death squad" Negroponte, who conveniently always appears to be in the vicinity of whatever international assassination is going down that day) and Gen. McChrystal, so reader beware. Roach reframes everything to suite the official US Chamber of Commerce meme: to state succinctly: the super-rich offshored the jobs, technology and investment to China. Nothing more need be said. (Roach spent most of his adult career at Morgan Stanley. So who oversaw those TARP bailout funds along with BlackRock? Morgan Stanley! Who was one of the beneficiaries of those TARP bailout funds? Morgan Stanley!)

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