Abstract
In this chapter, Professor Jun Zhang reviews the book Eclipse: Living in the Shadow of China’s Economic Dominance by Professor Arvind Subramanian. Although the decline of the UK and the establishment of the USA’s status as an economic superpower was fully evidenced by the 1956 Suez Canal Crisis, mainstream figures in the circle of economics in the USA do not believe that history might be repeated in the way that the USA took the place of the UK and achieved world economic dominance 80 years ago, even though they have not neglected or underestimated the fact of China’s economic rise within the last 30 years. In the book, however, Subramanian argues that the role of global economic leader will shift from the USA to China before 2020, and the depth and width of China’s dominance in the global economy will both exceed present imagination.
第四章 谁主沉浮?(下)
This article was published in the Oriental Morning Post on May 20, 2012.
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References
Ranis, Gustav. 1995. Another Look at the East Asian Miracle. The World Bank Economic Review 9(3): 509–534.
Yao, Yang. 2009. The Disinterested Government: An Interpretation of China’s Economic Success in the Reform Era. Economic Review (jing ji ping lun) 3: 5–13.
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Zhang, J. (2016). The Coming Dominance of China: Fact or Fiction? (Part II). In: End of Hyper Growth in China?. Palgrave Macmillan, New York. https://doi.org/10.1057/978-1-137-53718-8_4
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DOI: https://doi.org/10.1057/978-1-137-53718-8_4
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