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The New China Playbook
“Keyu Jin is a brilliant thinker.” —Tony Blair, former prime minster of the United Kingdom A myth-dispelling, comprehensive guide to the Chinese economy and its path to ascendancy. China's economy has been booming for decades now. A formidable and emerging power on the world stage, the China that most Americans picture is only a rough sketch, based on American news coverage, policy, and ways of understanding. Enter Keyu Jin: a world-renowned economist who was born in China, educated in the U.S., and is now a tenured professor at the London School of Economics. A person fluent in both Eastern and Western cultures, and a voice of the new generation of Chinese who represent a radical brea...
Summary of Keyu Jin's The New China Playbook
Buy now to get the main key ideas from Keyu Jin's The New China Playbook China’s economic rise has reshaped the global landscape, yet Western perceptions of the country often lack depth and nuance. The New China Playbook (2023) is an in-depth analysis of China’s unique economic, social, and political landscape. Keyu Jin, an economist born in China and educated in the US, challenges Western assumptions about China’s development. She covers China’s transition from poverty to prosperity, the rise of private enterprises, and the complex relationship between state-owned and private firms. Jin addresses both the challenges of China’s financial system and the country’s technological advancements, emphasizing the importance of understanding China’s unique dynamics.
Summary of Keyu Jin's The New China Playbook
Get the Summary of Keyu Jin's The New China Playbook in 20 minutes. Please note: This is a summary & not the original book. "The New China Playbook" by Keyu Jin offers an in-depth analysis of China's unique economic model, which blends state and market forces. Jin, an economist with insights from both China and the West, challenges Western assumptions about China's economy, highlighting its rapid growth and innovation despite weak legal systems and corporate governance. The book examines the interactions between households, businesses, and the state, emphasizing the importance of understanding China's cultural, historical, and social context...
Meeting Globalization's Challenges
"In the US, in Europe, and throughout the world, globalization, in tandem with technological progress, has left a massive number of people behind, feeling dispossessed, disenfranchised, and angry. Leading the charge of "hyperglobalization" during the second half of the last century, and enforcing the Western framework of austerity in the developing world has been the International Monetary Fund. Along with the World Bank and WTO, many consider the IMF one of the most consequential institutions to have pushed the world economy blindly towards excessive globalization, while not adequately considering its powerful negative consequences. In October 2017, however, the IMF convened with some of th...
World Economic Outlook, April 2014
Global activity has broadly strengthened and is expected to improve further in 2014–15, according to the April 2014 WEO, with much of the impetus for growth coming from advanced economies. Although downside risks have diminished overall, lower-than-expected inflation poses risks for advanced economies, there is increased financial volatility in emerging market economies, and increases in the cost of capital will likely dampen investment and weigh on growth. Advanced economy policymakers need to avoid a premature withdrawal of monetary accommodation. Emerging market economy policymakers must adopt measures to changing fundamentals, facilitate external adjustment, further monetary policy tightening, and carry out structural reforms. The report includes a chapter that analyzes the causes of worldwide decreases in real interest rates since the 1980s and concludes that global rates can be expected to rise in the medium term, but only moderately. Another chapter examines factors behind the fluctuations in emerging market economies’ growth and concludes that strong growth in China played a key role in buffering the effects of the global financial crisis in these economies.
Socialist Construction in China
The Chairman of the State Planning Commission of the PRC, in 1955, attributed the economic problems countering the development of the socialist economy to "the anarchy of capitalist economy. " However, after three decades of central planning, the President of the Chinese Academy of Social Sciences exclaimed, "Today we are all recognizing the irrationality of an economic structure that has built up over the years." The author of this book examines the economic policies and performances that brought such a radical transformation to the world outlook of China's leaders. The book contains three parts. The first part traces the historical roots of China's chaotic economic condition and hyperinflation in the 1940s and the early 1950s. The second part deals with how the “irrational” economic system was formed. The third part deals with the reasons for the emergence of economic “irrationality”, resource misallocation, the necessity of economic reforms, and industrial restructuring.
External Performance in Low-Income Countries
Assessments of exchange rate misalignments and external imbalances for low-income countries are challenging because methodologies developed for advanced and emerging economies cannot be automatically applied to poorer nations. This paper uses a large database, unique in the set of indicators and number of countries it covers, to estimate the relationship in low-income countries between a set of fundamentals in the medium to long term and the real effective exchange rate, the current account, and the net external assets position.
East-West Dialogue
This Open access book is a collection of interviews published by China News Service, a Beijing-based news agency, in its “West-East Talk” column. It has been divided into five sections: “Mutual Learning Among Civilizations,” “Hot Issues,” “About China,” “Sino-U.S. Relations” and “Cultural Collision”. The interviews are with more than 50 eminent scholars, scientists, politicians, authors, etc., from different parts of the world as well as China, who have an association with China and see the real China beyond the stereotypes. Besides current global issues, the book also covers Chinese culture, history as well as China-U.S. relations, described as one of the most important bilateral relationships in the world today. The book aims to build a platform for dialogue among different civilizations and appreciate the “harmony within diversity” of different cultures, especially of the East and West. We hope it will foster tolerance and rationality, dispelling the misconceptions about China in particular.
Love, Money, and Parenting
Doepke and Zilibotti investigate how economic forces shape how parents raise their children. They show that in countries with increasing economic inequality, such as the United States, parents push harder to ensure their children have a path to security and success. Economics has transformed the hands-off parenting of the 1960s and '70s into a frantic, overscheduled activity. Growing inequality has also resulted in an increasing 'parenting gap' between richer and poorer families, raising the disturbing prospect of diminished social mobility and fewer opportunities for children from disadvantaged backgrounds. The authors discuss how investments in early childhood development and the design of education systems factor into the parenting equation, and how economics can help shape policies that will contribute to the ideal of equal opportunity for all. --From publisher description.
Development Aid—Populism and the End of the Neoliberal Agenda
This volume examines the impact of the Trump presidency on development aid. It starts out by describing the rise of national populism, the political landscape and the reasons for rejection of the political establishment, both under Trump and internationally. Next, it gives a historical-political overview of development aid in the post WW-II era and discusses the dominant Washington Consensus doctrine and its failure. It then provides a critique of the Official Development Assistance (ODA) discourse and reviews the political economy of ODA, the discourse, and the conditionalities that are barriers to socio-economic development. The final chapters explore the question of Trumponomics as an alternative to the global neoliberal ODA, and the potential impact of Trumponomics’ on ODA. The book concludes with thoughts on the potential future directions for ODA within the ‘ideals’ of Trumponomics and national populism.
