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The China Paradox
Featured as Book of the Week by The Wire China in August 2020! If your business has anything to do with China or you simply seek to understand the rise of China, you need to read this book. In The China Paradox, business strategist and historian Dr. Paul G. Clifford uses vivid examples from his deep experience in China to lay bare the delicate and fragile balance of forces which lie at the heart of China’s success. He explains how, against all the odds, the ruling Communist Party boldly led the economic reforms as the surest way to preserve their grip on power. This flourishing of China’s hybrid developmental model is placed firmly in the historical context, shedding light on the legacie...
Sovereign Funds
“A fascinating insight into the evolution of China’s financial policy and its strategic investments using leveraged foreign exchange reserves.” —Diane Coyle, Enlightened Economist “[Liu] shows that Chinese sovereign funds are so different from better-known sovereign wealth funds, such as those of the governments of Abu Dhabi and Norway, that she prefers to call them ‘sovereign leveraged funds’...These various exotic workarounds, which Liu skillfully traces, produce ‘shadow reserves.’” —Andrew J. Nathan, Foreign Affairs “Follow the money, find the politics...Liu shows how China pioneered a whole new class of sovereign wealth funds.” —Times of India One of the keys ...
Sovereign Funds
“A fascinating insight into the evolution of China’s financial policy and its strategic investments using leveraged foreign exchange reserves.” —Diane Coyle, Enlightened Economist “[Liu] shows that Chinese sovereign funds are so different from better-known sovereign wealth funds, such as those of the governments of Abu Dhabi and Norway, that she prefers to call them ‘sovereign leveraged funds’...These various exotic workarounds, which Liu skillfully traces, produce ‘shadow reserves.’” —Andrew J. Nathan, Foreign Affairs “Follow the money, find the politics...Liu shows how China pioneered a whole new class of sovereign wealth funds.” —Times of India One of the keys ...
War by Other Means
A Foreign Affairs Best Book of 2016 Today, nations increasingly carry out geopolitical combat through economic means. Policies governing everything from trade and investment to energy and exchange rates are wielded as tools to win diplomatic allies, punish adversaries, and coerce those in between. Not so in the United States, however. America still too often reaches for the gun over the purse to advance its interests abroad. The result is a playing field sharply tilting against the United States. “Geoeconomics, the use of economic instruments to advance foreign policy goals, has long been a staple of great-power politics. In this impressive policy manifesto, Blackwill and Harris argue that...
The World That Wasn't
From the acclaimed economist-historian and author of The Marshall Plan, a “timely, riveting” (The Washington Post) new perspective on the political career of Henry Wallace—one that will forever change how we view the making of US and Soviet foreign policy at the dawn of the Cold War. Henry Wallace is the most important, and certainly the most fascinating, almost-president in American history. As FDR’s third-term vice president, and a hero to many progressives, he lost his place on the 1944 Democratic ticket in a wild open convention, resulting in Harry Truman becoming president upon FDR’s death. Books, films, and even plays have since portrayed the circumstances surrounding Wallace...
Sustainable Marketing and Customer Value
Anticipating that marketing will experience a strategic change in the new normal post COVID-19, this book sets out to capture interesting insights from researchers and practitioners through in-depth research on the myriad aspects of industrial transformation. It discusses the facets in which markets can be reached sustainably delivering value to people, planet and create prosperity. Sustainable Marketing and Customer Value establishes an overview and framework for major ideas that connect marketing, consumption and sustainability. It addresses dominant areas of research of sustainability from the marketing perspective, the origin of interest in sustainability, as well as the practice of deprioritising sustainability ideas in pursuit of short-term business goals. Research scholars and business students will find this book of primary relevance, but it is also written for marketing academics and professionals, especially those in large corporations.
Lost Decade
Across the political spectrum, there is wide agreement that Asia should be at the center of US foreign policy. But this worldview, the "Pivot to Asia" announced by the Obama Administration in 2011, is a dramatic departure from the entire history of American grand strategy. Ten years on, we now have some perspective to evaluate it in depth. In The Lost Decade, Robert Blackwill and Richard Fontaine take this long view. They conclude that there are few successes to speak of, and that we lack a coherent approach to the Indo-Pacific region. They examine the Pivot through various lenses: situating it historically in the context of America's global foreign policy, revealing the inside story of how it came about, assessing the effort thus far, identifying the ramifications in other regions (namely Europe and the Middle East), and proposing a path forward.
Great Powers’ Foreign Policy
By comparing the great-powers’ foreign policy, this book investigates the global competition and revisionist attempts to dismantle the Western liberal order. Since February 2022, the international system has been challenged by the Russian invasion in Ukraine and its profound, multiple consequences.Putin’s War has reinvented the West. But still, this is not “the end of history”. To illustrate that tensions between democratic and autocratic great powers are nowadays at their peak since the end of the Cold War, one should consider President Biden’s words in Warsaw, referring to President Putin: “For God’s sake, this man cannot remain in power!”
Why the World Needs China
While the US portrays itself as a noble example of freedom and democracy, it has in fact led the world to greater inequality than ever before. But now, for the first time in decades, nations facing the brunt of its domination and exploitation have alternative, more tenable options in pursuit of development. Chinese finance is building badly-needed infrastructure where the West would not, Chinese commerce is providing a lifeline to countries the US has targeted for destruction, and Chinese industry is producing new sources of renewable and transition energy at an unparalleled rate. This book addresses: China’s development and political economy based on independent studies, statistical data, and comparative analysis Current geopolitical conflicts and major developments and their relation to China Chinese finance and its effect on the rest of the world, particularly Africa. China’s profound emphasis on environmentalism, renewable energy, and plan for the future. Though it has yet to fully step into this role, the People’s Republic of China has become the de facto leader of a future multipolar world.
COVID-19 and Islamic Finance
The objective of this Element is to provide an overview of Islamic finance by highlighting the impact of the pandemic on it in a comprehensive manner by looking at two branches of Islamic finance: Islamic commercial finance; and Islamic social finance. The approach that is adopted in this Element is to first provide an overview of Islamic finance to the readers in a simple and easy manner followed by the impact of pandemic discussed separately for both types of Islamic finance. Last, but not least, the Element also recommends ways in which Islamic finance could be further improved in the light of the lessons learnt from the pandemic. It is anticipated that the recommendations made in this regard would assist policymakers, practitioners, researchers and other stakeholders of Islamic finance to understand the way to unlock the full potential of Islamic finance to reduce the wealth gap and achieve financial inclusion.
