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The Dual-Center Global Financial System

The Perspective of China's Rise

  • Tao YUAN

About this book

Introduction

This book focuses on the systematic change in the global economy accompanying the rise of China. Once China has the same huge and advanced economy as the U.S., the global economy’s current one-center system will have a chance to change: China will represent an alternative center. If it can satisfy essential criteria for the global economy such as a stable foreign exchange system, healthy international trade environment and strong support for economic development etc., China will be able to offer a viable alternative. In this constellation the two centers of the global economy and financial system, the U.S. and China, would ideally cooperate, and the global economy could benefit from having two economic and financial centers.

Keywords

GDP International finance International trade US economy World currency World economic system

Authors and affiliations

  • Tao YUAN
    • 1
  1. 1.Department of International Economics and Trade, School of EconomicsNankai UniversityTianjinChina

Bibliographic information

  • DOI https://doi.org/10.1007/978-981-10-7993-1
  • Copyright Information Springer Nature Singapore Pte Ltd. 2018
  • Publisher Name Springer, Singapore
  • eBook Packages Economics and Finance
  • Print ISBN 978-981-10-7991-7
  • Online ISBN 978-981-10-7993-1
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking