Paper Dragons (eBook)

China and the Next Crash

Walden Bello (Autor)

eBook Download: EPUB

2019
288 Seiten
Zed Books (Verlag)
978-1-78699-599-5 (ISBN)

Infos

Walden Bello, one of the leading figures of the anti-globalisation movement, reveals how an impending financial crash in China may well bring the rest of world’s economy down with it.

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Emerging relatively unscathed from the banking crisis of 2008, China has been viewed as a model of both rampant success and fiscal stability. But beneath the surface lies a network of fissures that look likely to erupt into the next big financial crash. A bloated real-estate sector, roller-coaster stock market, and rapidly growing shadow-banking sector have all coalesced to create a perfect storm: one that is in danger of taking the rest of the world's economy with it.Walden Bello traces our recent history of financial crises from the bursting of Japan's 'bubble economy' in 1990 to Wall Street in 2008 taking in their political and human ramifications such as rising inequality and environmental degradation. He not only predicts that China might be the site of the next crash, but that under neoliberalism this will simply keep happening. The only way that we can stop this cycle, Bello argues, is through a fundamental change in the ways that we organise: a shift to cooperative enterprise, respectful of the environment, and which fractures the twin legacies of imperialism and capitalism.Insightful, erudite and passionate, Paper Dragons is a must-read for anyone wishing to prevent the next financial meltdown.

Autor

lt;p>Walden Bello is a human rights and peace campaigner, academic, environmentalist and journalist who has made a major contribution to the international case against corporate-driven globalization. He is currently the Executive Director of Focus on the Global South, as well as an adjunct professor of sociology at the State University of New York, Binghamton. He was formerly a member of the House of Representatives of the Philippines, and has previously held positions at the University of the Philippines, UCLA, and the Transnational Institute in Amsterdam. His previous books include Dilemmas of Domination: the Unmaking of the American Empire (Zed 2005), and Capitalism's Last Stand? Deglobalization in the Age of Austerity (Zed 2013).

Inhalt

• 1. Introduction: Will China be the Epicenter of the Next Financial Crisis?
• 2. Crisis in Wall Street and the Keynesian Response
• 3. Europe: Social Democracy’s Faustian Pact with Global Finance
• 4. Asia and Finance Capital: From the Japanese Bubble to China’s Financial Time Bomb
• 5. Reforming the Global Financial Architecture: Opportunities Lost, 2008-2018
• 6. How to Rebottle the Genie
• 7. Conclusion: Why Financial Reform is Not Enough

Produkt-Details

• Erscheint lt. Verlag: 15.8.2019
• Verlagsort: London
• Sprache: englisch
• Themenwelt: Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Wirtschaft
• Themenwelt: Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Schlagworte: bubble • business • Carrie Lam • China • china bank • china bank regulation • China Economic Policy • china economy collapse • china economy growth • china economy latest • china export • China International Import Expo • china stocks • Chinese market • Deregulation • economic issues in china • Economic risk • Economics • economy • Finance • financial crash • Financial Market • GDP • History of Economics • Hong Kong • Housing Bubble • how to invest in china • investing in china • investment opportunities in china • Japan • Markets • money in china • next financial crash • Outlook • pboc • per capita growth • Politics in China • risks of investing in china • Shanghai • slowdown • Trade • understanding economics • US China trade • Xi Jinping
• ISBN-10: 1-78699-599-9 / 1786995999
• ISBN-13: 978-1-78699-599-5 / 9781786995995