The Chinese Birdcage: How China's Rise Almost Toppled the West

Description: The Chinese Birdcage: How China's Rise Almost Toppled the West [Paperback] Mees, Heleen Product Overview This book vividly describes how China’s rise in the early 2000s led to rising profits and declining labor income everywhere, ultimately resulting in the global financial crisis. Under Deng Xiaoping’s policy of ‘reform and opening up’ in the 1980s, China quickly became the world’s factory floor...but powerful political leaders envisioned a world in which the market economy would be trapped within the confines of a planned economy. With China’s admission into the World Trade Organization in 2001, almost a billion people joined the global workforce, driving down the real wages of blue- and white- collar workers in the US and Europe while also lowering interest rates, which fueled housing bubbles and destabilized the financial sector. This book explores China’s significant influence on western economies by focusing on the links between the labor market, corporate profits, and interest rates, using Arthur Lewis's framework for economic growth with unlimited supplies of labor to argue that by2010 the world economy – and political situations – had been set back almost one hundred years. Read more Details Publisher ‏ : ‎ Palgrave Macmillan; 1st ed. 2016 edition (October 10, 2016) Language ‏ : ‎ English Paperback ‏ : ‎ 213 pages ISBN-10 ‏ : ‎ 1137588888 ISBN-13 ‏ : ‎ 83 Item Weight ‏ : ‎ 9.6 ounces Dimensions ‏ : ‎ 5.83 x 0.49 x 8.27 inches Best Sellers Rank: #7,193,504 in Books (See Top 100 in Books) #813 in Comparative Economics (Books) #889 in Urban & Regional Economics (Books) #5,911 in Economic Policy #813 in Comparative Economics (Books) Stock Photos Please Note: All of our book listings use stock photos unless otherwise stated. Please read our descriptions for accurate conditions and editions, don't use the photos! Free Shipping We ship worldwide. We have multiple warehouses around the world, so please note the extended handling time on certain listings.

Price: 76.51 USD

Location: Williamsburg, Virginia

End Time: 2025-01-10T05:40:29.000Z

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