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The Chinese Birdcage
- How China's Rise Almost Toppled the West
Engelsk
Bogcover for The Chinese Birdcage af Heleen Mees, 9781137588883
Specifikationer
Sprog:
Engelsk
Sider:
197
ISBN-13:
9781137588883
Indbinding:
Paperback
ISBN-10:
1137588888
Udg. Dato:
10 okt 2016
Størrelse i cm:
14,9 x 21,0 x 1,7
Oplagsdato:
10 okt 2016
Forfatter(e):

The Chinese Birdcage

- How China's Rise Almost Toppled the West
Engelsk
Paperback 2016
Format:

Bog beskrivelse
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 by2010 the world economy – and political situations – had been set back almost one hundred years. 
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Specifikationer
Sprog:
Engelsk
Sider:
197
ISBN-13:
9781137588883
Indbinding:
Paperback
ISBN-10:
1137588888
Udg. Dato:
10 okt 2016
Størrelse i cm:
14,9 x 21,0 x 1,7
Oplagsdato:
10 okt 2016
Forfatter(e):
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