Overview

After leading the world economy for a century, the United States faces the first real challenge to its supremacy in the rise of China. Is economic--or broader--conflict, well beyond the trade and technology war that has already erupted, inevitable between the world's two superpowers? Will their clash produce a new economic leadership vacuum akin to the 1930s, when Great Britain was unable to play its traditional leadership role and a rising United States was unwilling to step in to save the global order? In this sweeping and authoritative analysis of the competition for global economic leadership between China and the United States, C. Fred Bergsten warns of the disastrous consequences of hostile confrontation between these two superpowers. He paints a frightening picture of a world economy adopting Chinese characteristics, in which the United States, after Trump abdicated much of its role, engages in a self-defeating attempt to decouple from its rival. Drawing on more than fifty years of active participation as a policymaker and close observation as a scholar, Bergsten calls on China to exercise constructive global leadership in its own self-interest and on the United States to reject a policy of containment, avoid a new Cold War, and instead pursue conditional competitive cooperation to work with its allies, and especially China, to lead, rather than destroy, the world economy.

Full Product Details

9798212384025

Table of Contents

Reviews

Bergsten explains why the global economic system depends on an accommodation between the United States and China. He challenges the new Cold War thesis of condemning and containing China. Instead, he offers a work plan of cooperation and competition, conditioned upon reciprocity. -- Robert B. Zoellick, former president of the World Bank, US Trade Representative, and deputy Secretary of State Bergsten makes an urgent case for US-China cooperation: work together to stabilize the world economy or risk a disaster on par with the Great Depression of the 1930s. -- New York Review of Books No one is better suited than Fred Bergsten to undertake this critical study of US-China economic competition. It will be the defining challenge of the twenty-first-century for both nations, and the prescriptions he lays down are well-suited to avoid a trade war neither side can win. -- Admiral James Stavridis, US Navy (Ret.), former Supreme Allied Commander of NATO

Author Information

"C. Fred Bergsten is the author, coauthor, or editor of forty-six books. He was one of the most widely quoted think-tank economists in the world and was called ""one of the ten people who can change your life"" by USA Today. He is nonresident senior fellow and director emeritus at the Peterson Institute for International Economics, of which he was founding director from its creation in 1981 through 2012. He was economic deputy to Henry Kissinger at the National Security Council, assistant secretary of the US Treasury for International Affairs, chairman of APEC's Eminent Persons Group and of the Competitiveness Policy Council chartered by the US Congress, and a member for ten years of the President's Advisory Committee for Trade Policy and Negotiations."

Tab Content 6

Customer Reviews

Recent Reviews

Countries Available