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"Throughout the past three decades East Asia has seen more peace and stability than at any time since the Opium Wars of 1839-1841. During this period China has rapidly emerged as a major regional power, averaging over nine percent economic growth per year since the introduction of its market reforms in 1978. Foreign businesses have flocked to invest in China, and Chinese exports have begun to flood the world. China is modernizing its military, has...
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"In the late eighteenth century, the political economist Adam Smith predicted an eventual equalization of power between the conquering West and the conquered non-West. In this new work, Giovanni Arrighi shows how China's extraordinary rise invites us to read The Wealth of Nations in a radically different way than is usually done. He examines how the recent US attempt to bring into existence the first truly global empire in world history was done in...
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"This book explores the future of East Asia's middle-income countries. Without the advantages of low wages or high skills, and with limited natural resources, East Asian economies are following a new path of regional integration, led by China. Along this path, policy makers must manage a migration of 2 million per month to East Asian cities; a sharp and unprecedented increase in income inequality; and growing discontent with corruption. This new agenda...
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