9781509547357

The United States vs. China The Quest for Global Economic Leadership

by
  • ISBN13:

    9781509547357

  • ISBN10:

    1509547355

  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2022-04-18
  • Publisher: Polity

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Summary

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 50 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.

Author Biography

C. Fred Bergsten 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 also economic deputy to Dr. Henry Kissinger at the National Security Council, Assistant Secretary of the US Treasury for International Affairs, Chairman of APEC’s Eminent Persons Group and a Member of the President’s Advisory Committee for Trade Policy and Negotiations. Bergsten 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 the author, coauthor, or editor of 46 books.

Table of Contents

List of Figures, Tables, and Boxes

Abbreviations

Preface

PART I: The Setting

1 A New Global Economic Order?

2 Why Global Economic Leadership Matters

PART II: The Superpowers

3 China’s Capabilities

4 China’s Aspirations

5 America’s Capabilities

6 America’s Will to Lead

PART III: The Systemic Alternatives

7 The Leadership Vacuum: A G-0 World?

8 G-1 Chinese Economic Pre-Eminence

9 Effective Co-Leadership: A US-China G-2

10 Toward Conditional Competitive Cooperation

References
Notes

Supplemental Materials

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

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