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China's Crisis of Success by [Overholt, William H.]
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China's Crisis of Success Kindle Edition

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Length: 302 pages Word Wise: Enabled Language: English

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Product description


'This book is an excellent read. It debunks many common misunderstandings about China and explains why a political system of electoral democracy tends to be inimical to economic development in poor countries with much social inequality.' Pieter Bottelier, The Johns Hopkins University

'William H. Overholt has been watching Asia for half a century, mostly making observations that run against the tide. His 1993 The Rise of China was heavily criticized at the time, but proved correct. Now, Overholt sees a real need for a change in the model that has brought China so much success economically; it must become more consumption oriented, less reliant on investment, it must move from manufacturing to services, and it must upgrade its manufacturing. These are all complex challenges that carry substantial risks. Overholt lays out these challenges with his usual clear sightedness.' Joseph Fewsmith, Boston University

'William Overholt, who may have been the first to identify the 'rise of China' in his 1993 book of that name, goes straight to the heart of the puzzles presented by contemporary China. … This is an eye-opening book that debunks many established notions held by disciplinary academics, as well as by policymakers both in China and the West.' Gilles Andréani, Survival: Global Politics and Strategy

Product Description

China's Crisis of Success provides new perspectives on China's rise to superpower status, showing that China has reached a threshold where success has eliminated the conditions that enabled miraculous growth. Continued success requires re-invention of its economy and politics. The old economic strategy based on exports and infrastructure now piles up debt without producing sustainable economic growth, and Chinese society now resists the disruptive change that enabled earlier reforms. While China's leadership has produced a strategy for successful economic transition, it is struggling to manage the politics of implementing that strategy. After analysing the economics of growth, William H. Overholt explores critical social issues of the transition, notably inequality, corruption, environmental degradation, and globalisation. He argues that Xi Jinping is pursuing the riskiest political strategy of any important national leader. Alternative outcomes include continued impressive growth and political stability, Japanese-style stagnation, and a major political-economic crisis.

Product details

  • Format: Kindle Edition
  • File Size: 1937 KB
  • Print Length: 302 pages
  • Simultaneous Device Usage: Up to 4 simultaneous devices, per publisher limits
  • Publisher: Cambridge University Press (31 December 2017)
  • Sold by: Amazon Australia Services, Inc.
  • Language: English
  • ASIN: B07813S9WV
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Enhanced Typesetting: Not Enabled
  • Average Customer Review: Be the first to review this item
  • Amazon Bestsellers Rank: #129,442 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Most helpful customer reviews on 4.6 out of 5 stars 10 reviews
5.0 out of 5 starsThis is a brilliant work on a topic difficult to order
13 April 2018 - Published on
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8 people found this helpful
Flying Man
4.0 out of 5 starsUnique perspective on China
5 March 2018 - Published on
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6 people found this helpful
Christopher W. Beal
5.0 out of 5 starsThe US has only 5% of the world's people - Asia has 60%, and Dr. Overholt helps us see them clearly
18 September 2018 - Published on
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2 people found this helpful