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Author Subramanian, Arvind
Title Eclipse : Living in the Shadow of China's Economic Dominance
Imprint Washington : Peterson Institute for International Economics, 2011
©2011
book jacket
Descript 1 online resource (252 pages)
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Note Cover -- Contents -- Preface -- Acknowledgments -- Introduction -- Ch 1. A Brief History of Economic Dominance -- Systemic Manifestations of US Economic Dominance -- Defining Dominance and Power -- Ch 2. Quantification and Validation of Economic Dominance -- Identifying the Potential Attributes of Economic Dominance -- Occam Razorization: Narrowing the List -- Measuring the Three Determinants -- Validating Economic Dominance -- Weighting and Constructing the Index of Economic Dominance -- Results: Economic Dominance in the Past -- Ch 3. Quantifying Currency Dominance -- Definition -- Benefits and Costs to the Country Issuing the Reserve Currency -- Short History -- What Determines Reserve Currency Status? -- Appendix 3A A Regression Analysis of Reserve Currency Status -- Ch 4. Forces Driving Dominance: Convergence and Gravity -- Convergence of the Previously Poor -- Convergence of the Populous, Previously Poor -- Projecting Numbers: Background Analytics -- Results -- Caveat -- Back to History: Economics Catches Up with Demographics -- Conclusion -- Appendix 4A Projecting GDP Growth Based on Purchasing Power Parity and Market Exchange Rates -- Appendix 4B Trade Projections Based on the Gravity Model -- Ch 5. Projecting Economic and Currency Dominance -- Economic Dominance in the Future -- The Future of the Dollar and the Renminbi -- The Renminbi When the Chips Are Down -- Conclusion -- Appendix 5A Robustness of the Index of Economic Dominance -- Ch. 6 A Historical Perspective on China's Distinctive Dominance -- Precocious or Premature: Can a Not-the-Richest China Be Dominant? -- China's Trade and Openness Outcomes in Historical Power Perspective -- Chinese Mercantilism in Historical Perspective -- Ch 7. Guarding Against Rash Prophesying -- China's Growth: Repeating Mistakes? -- Looking Back -- Realism of Trade Projections -- Conclusion
Ch 8. Economic Cooperation with a Rising China -- How Many Country Groupings Are There in 2011? Historical Parallels -- Prospects for Cooperation Leading Up to Chinese Hegemony -- Ch 9. China as the New Raison d'Être for Reviving Multilateralism -- Limits to the Efficacy of Trade Reciprocity with a Dominant China -- Alternative Approaches: Promiscuous and Hostile Bilateralism -- Asian-Centered Regionalism as a Medium -- Impediments to Revived Multilateralism -- A "China Round" for Tethering China -- Conclusion -- Postscript -- References -- Index
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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
Link Print version: Subramanian, Arvind Eclipse : Living in the Shadow of China's Economic Dominance Washington : Peterson Institute for International Economics,c2011 9780881326062
Subject Economic development -- China.;Economic development -- United States.;Economic forecasting -- China.;Economic forecasting -- United States.;International economic relations
Electronic books
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